UFC superstar Conor McGregor‘s return to octagon action may be a while away, but his business empire continues to make waves
After acquiring a minority stake in BKFC, McGregor’s next big investment could be OnlyFans, the subscription-based social media giant
Conor McGregor, after visiting Trump at the White House: “Your work ethic is an inspiration”
According to a source familiar with the matter, the London-based company is exploring a possible sale that could value the adult content platform at around $8 billion
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Conor McGregor in serious talks for acquisition
It is said that McGregor is interested in closing such a deal. In his Instagram stories, “Mystic Mac” caused a stir by highlighting his interest in acquiring the company: “I am in serious talks to buy it“.
However, this purchase presents serious problems. In the fiscal year ending November 2023, OnlyFans generated an impressive $1.3 billion in revenue and made a pre-tax profit of $658 million
The subscription platform paid an impressive $6.6 billion to its creators, while 20% of the training went into commissions. In addition, its owner,
Leonid Radvinsky received more than $1 billion in dividends from OnlyFans between 2021 and 2023. From a business perspective, the platform appears to have a solid balance sheet as well as a strong cash flow position.
Often touted as a revolutionary streaming giant, OnlyFans recognises content creators who share adult content on its platform
In general, the public perceives it as a streaming site for adults, which some consider immoral. At the moment, several countries are considering restrictions or even an outright ban on the platform.
A source close to OnlyFans, in their statement, has expressed serious concerns: “They look for billionaires and try to sell it not as an adult content company, but simply as a platform like X that allows adult content,” the source said. “But I think most people right now see OnlyFans as an adult content company.”
We tell you another worrying news from Sweden that could impact the market value of OnlyFans. The Nordic country has passed a new law that could see users of the site jailed for years for soliciting specific live content.
Why? Well, under the new law, buying adult content on OnlyFans will soon be considered equivalent to buying a prostitute in Sweden, which is illegal in the country.
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