Latest news with #LeonidRadvinsky
Irish Times
5 days ago
- Business
- Irish Times
OnlyFans courts buyers amid IPO speculation
OnlyFans , the subscription platform best known for adult content, is reportedly in talks to sell at a valuation of around $8 billion (€7.05 billion), with an initial public offering (IPO) also under consideration. An IPO for a porn-centric site would be tricky for obvious reasons, but the platform's explosive growth during the pandemic – revenues soared from $375 million in 2020 to $6.6 billion in 2023, and its Ukrainian-American owner Leonid Radvinsky has pocketed at least $1 billion in dividends over the last three years – has attracted investor interest. Indeed, $8 billion may be cheap, suggests the Financial Times's Lex column. OnlyFans has a scalable model and rising profits and, like Uber and Airbnb, it takes a cut from creators – 20 per cent in its case, versus Uber's 25 per cent. READ MORE If earnings hit $1 billion by 2025, as Lex speculates, and it traded on Uber-style multiples, the business could be worth $20 billion. The catch? Wall Street's aversion to porn. Banks and payment firms treat OnlyFans as high-risk, and compliance worries linger. Diversification is under way – fitness and cooking creators are being courted – but rebranding won't be easy. Selling sex is one thing; selling the sex business quite another.
The Sun
27-05-2025
- Business
- The Sun
UFC legend Conor McGregor ‘in serious talks' to buy OnlyFans with £6BILLION adult website up for sale
CONOR MCGREGOR has sensationally claimed he's "in talks" to buy online content platform OnlyFans. OnlyFans has taken the world by storm in the last five years, with everyone from musicians to your ordinary Joe using the platform to give their followers exclusive access to content and their daily lives. 3 3 The online subscription service, however, is now dominated by adult content creators, who account for a large portion of their revenue. The platform's revenue jumped from £277million to a whopping £4.8BILLION in 2023 in large part due to the Covid-19 pandemic. The company is now valued at just over SIX BILLION POUNDS and owner Leonid Radvinsky is keen to cash in. And UFC icon McGregor has claimed he's one of the parties interested in acquiring the platform, which is expected to field multiple offers. Resharing an Instagram post about the service being up for sale, McGregor wrote on his story: "I'm in serious talks to buy this." The Irishman, 36, is said to have a net worth of £147m, meaning he'd have to have some serious additional financial backing to become the owner of OnlyFans. McGregor hasn't set foot inside the octagon since breaking his left leg in his trilogy fight with Dustin Poirier nearly four years ago. He's turned his attention to promoting during his hiatus, acquiring shares in Bare Knuckle Fighting Championship in April 2024. McGregor jumped at the opportunity to become a major shareholder in the promotion, telling SunSport in an exclusive interview: "This is a major player in this industry. Conor McGregor explains reason for major career changes amid UFC 'plateau' as MMA return remains a mystery "Bareknuckle Fighting Championship is a major, major player in this industry. And it's growing fast. "And it's got an unbelievable foundation, it's a rock-solid [foundation]. "With the stable of fighters and a stable team, the team around it that's grown it and built it, this is a serious player in the game." McGregor was set to make his grand return to the cage last June in a long-overdue showdown with rival Ultimate Fighter season 31 coach Michael Chandler. But he withdrew from their Sin City showdown with a broken left pinky toe. The UFC's poster boy recently urged the promotion to put the wheels in motion for his return. But Dana White has pumped the brakes on the prospect of the former two-weight champion returning to the cage anytime soon. The UFC's President and CEO told Adam Glyn: "He's not fighting anytime soon. I haven't talked to him in a minute. "But yeah, I don't know when [he'll fight again]." If McGregor does ever fight again, his next outing will be his first since being found civilly liable for assaulting Nikita Hand at a Dublin Hotel in December 2018. The former two-division champion appealed the verdict returned at Dublin's High Court last November. He's hoping the introduction of new evidence will overturn the result of the civil trial.
Daily Mail
27-05-2025
- Business
- Daily Mail
Conor McGregor is in 'serious talks' for £6billion purchase of adult subscription-based website OnlyFans
Conor McGregor is in 'serious talks' to purchase the racy subscription-based platform OnlyFans. According to Reuters, owner Leonid Radvinsky is in talks to sell the porn-centric website to Los Angeles-based investment firm Forest Road Company but the former UFC champion has now thrown his hat in the ring for the whopping £6billion purchase. The 36-year-old shared a report claiming that he is in 'serious talks' to acquire the company that saw its popularity and valuation skyrocket during the Covid-19 pandemic. Ukrainian-American businessman Radvinsky made a fortune as the founder of adult webcamming website MyFreeCams, which launched in 2004. In 2018, he bought a 75 percent stake in OnlyFans' parent company Fenix International Ltd. from its British founders Tim Stokely and his dad Guy Stokely. McGregor, meanwhile, has substantially grown his wealth through wise investments throughout his combat career and especially since his last appearance in the Octagon in 2021. According to Forbes, the Irishman has a net worth around £31m but other reports put it in the region of £150m. McGregor has been the face of Proper 12 whiskey and Forged Irish Stout, appearing in advertisements and promotional material across a host of platforms, with the Proper 12 whiskey brand named after McGregor's home postal district in Dublin. The Proper 12 Irish Whiskey brand was first launched back in 2018 by McGregor, with the fighter and his team eventually selling the brand for a reported sale price of roughly £500 million. McGregor himself pocketed an estimated £120 million in the deal when selling his majority stake, but has remained a prominent promoter of the whiskey since its 2021 acquisition by Proximo Spirits. The former two-division UFC champion also currently owns a business empire in his native Ireland which boasts the popular Dublin pub The Blackforge Inn as its public-facing crown. McGregor has spent an estimated £2.5 million purchasing and renovating the venue on Dublin's Longmile Road which has become the social media backdrop for the fighter's online promoting of both Proper 12 whiskey and Forged Irish Stout. While OnlyFans hosts all kinds of creators, it's largely known for its pornographic content. Several years ago, the site started pushing PG-rated content on their safe-for-work streaming platform, OFTV. OnlyFans has put in extra effort to promote everything from cooking videos to celebrity comedy specials and reality shows on OFTV, following growing criticism and a 'porn' stigma around the platform. All the content on OFTV comes from OnlyFans creators, but unlike the actual OnlyFans platform, no nudity or pornography is allowed. OFTV has brought over a number of celebrity creators to do less risqué content, most notably American comedian and podcaster Whitney Cummings. Last year, the CEO of OnlyFans revealed that the company has paid out $20 billion to its creators since its inception in 2016.
Hypebeast
26-05-2025
- Business
- Hypebeast
OnlyFans Discussing Sale to Investor Group for $8 Billion USD
Summary OnlyFansowner Leonid Radvinsky is currently in talks to sell his content creator site for a valuation of about $8 billion USD. Varietyreports that Radvinsky is discussing OnlyFans' sale to an investor group led by Forest Road Co.. The LA-based firm's executives were previously included in a special purpose acquisition company that were negotiating an OnlyFans IPO in 2022. A source stated that an IPO is not on the table as of writing. No additional details have been confirmed so far, howeverVarietyadds that the talks are neither exclusive nor bound by a deadline. Earlier reports from theNew York Postclaimed that Radvinsky was having issues finding a buyer due to its content. He was also supposedly looking to sell the site for somewhere between $1.46 billion USD to $2.42 billion USD. Varietyfurther reports that OnlyFans grossed a whopping $6.63 billion USD in revenue by the end of its 2023 fiscal year. Its creators earned $5.32 billion USD. The site logged 4.12 million creators and over 300 million registered users during the same timeframe. OnlyFans was initially launched in 2016 by Tim Stokely. Radvinsky acquired a 75% stake in the site's parent company Fenix International Ltd. two years later.
Yahoo
26-05-2025
- Business
- Yahoo
Conor McGregor's In ‘Serious Talks' To Buy OnlyFans
From chucking dollies to tossing dollars, 'Notorious' is back at it. Former Ultimate Fighting Championship (UFC) double champion Conor McGregor may not be fighting anytime soon, per UFC CEO Dana White, but that's not stopping him from wheeling and dealing outside the cage. This time? Onlyfans. OnlyFans is a subscription-based content platform known primarily for adult entertainment. However, more sports figures are joining to share behind-the-scenes content, such as workouts, for a monthly fee. OnlyFans is on the market, valued between $3 and $8 billion. According to Damon Martin, Owner Leonid Radvinsky is seeking $1.46 billion to $2.42 billion, but the platform struggles to find buyers due to its heavy reliance on adult content revenue. McGregor, never one to shy away from bold moves, claimed on his Instagram Story yesterday, 'I'm in serious talks to buy this.' Is he genuinely eyeing OnlyFans, or is this another savvy stunt to keep his name buzzing while he's sidelined? Maybe it's something that makes people forget about his meme coin disaster. According to negotiations for the purchase of OnlyFans have been underway since March, so if McGregor really wants to buy it, he'd better move fast. The report also revealed that Forest Road Company, a Los Angeles-based investment firm, is the frontrunner and is willing to pony up $8 billion. Could owning OnlyFans fuel McGregor's rumored ambitions for Ireland's presidency? Nevertheless, McGregor has not competed in MMA since breaking his leg (see it here) against Dustin Poirier at UFC 264 (nearly four years ago). More from Miocic Responds To Pressure From White And Cormier White On 'Possibly' Stripping Miocic UFC 249 Embedded: Rousey Nearly Knocked Out Cruz? Midnight Mania! Sterling Vs. Sandhagen Possible June 6 Headliner UFC 249 Odds, Under Dogs And Best Bets! Khabib Plans July Return, Vows To 'Smash Them All' Video! Jacare Breaks Social Distancing Rules Prior To UFC 249 Removal
