McGregor Banned from Selling Sportswear with Last Name in Europe

McGregor

Conor McGregor has been ordered to halt sales of sportswear bearing his surname following a legal battle that determined the UFC fighter has been in violation of EU-wide trademark law. The Scottish fashion label McGregor, founded in 1921, issued an injunction against Adidas (and subsidiary Reebok) out of concern that consumers would believe sportswear made for the Notorious One was produced by the near hundred-year-old fashion house; the company also does not want potential customers to think it sponsors Conor. Adidas/Reebok, which hold the exclusive rights to McGregor’s line, will be required to withdraw garments sold in Europe or compensate the fashion label. It’s worth noting that the parent of McGregor’s fashion brand, Doniger Fashion Group, filed for bankruptcy for a 2nd time in September ’17; McGregor does not currently operate a working website.

Howie Long-Short: Moody’s credit service indicated that ’17 was the most lucrative year in UFC history, reporting the company generated “well over $700 million”. Even if you take Moody’s mathematics at face value (questionable, considering the UFC had 5 PPVs with 1 million buys in ’16 and 0 in ‘17) and account for the UFC’s newly signed $1.5 billion U.S. broadcast TV deal, Dana White’s claims of a $7 billion valuation seem far-fetched. WWE pulled in more money ($800.96 million) in ‘17, has larger TV deals ($2.3 billion for RAW and SmackDown Live), carries far less long-term debt and yet maintains a market cap of just $6.3 billion.

Fan Marino: In addition to having 0 PPV events with 1 million buys thus far in ’18 (that will change with McGregor fighting on Oct. 6), the UFC has failed to draw on cable television. UFC on Fox 30 (July 28, 2018) was the lowest rated (1.0) and least-watched (1.68 million) MMA telecast ever broadcast in primetime, surpassing previous lows set in January (UFC of Fox 27). The ratings for the main event (Dustin Poirier vs. Eddie Alvarez) declined 20% from the promotion’s July ’17 card and they tied a series low within the 18-49 demo (0.6 rating).

Speaking of the McGregor/Khabib fight, TicketIQ is reporting that UFC 229 is the 2nd most expensive UFC ticket since at least ’10. The get-in price is $729. Only UFC 205 (McGregor vs. Eddie Alvarez) cost more ($768) to walk in the door.

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Author: John Wall Street

At the intersection of sports & finance.

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