Khabib Nurmagomedov Faces Major Financial Struggles MMAnytt.com

Former UFC champion Khabib Nurmagomedov seems to have run into serious trouble with the Russian tax authorities. Reports indicate significant financial discrepancies involving his business ventures, sparking widespread concern.

Financial Freeze

According to a report by RT, multiple accounts linked to the UFC star’s various companies have been frozen by Russian authorities. The businesses affected include Eagle FC and a charity organization.

It is alleged that Khabib diverted funds owed to tax authorities to launch new companies in the United Arab Emirates and Turkey. He is reportedly indebted to the tune of $3.3 million, approximately 35.8 million Swedish kronor.

Wealth and Scrutiny

The South China Morning Post notes that Nurmagomedov is one of the world’s wealthiest MMA stars, with an estimated net worth of $40 million, around 437 million kronor. His financial activities came under scrutiny after he relinquished ownership of several businesses, though his close associates continued to hold executive positions. This led to a tax investigation that uncovered several irregularities in the documentation related to the dissolution of these businesses.

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Life After UFC

Khabib has not competed since October 2020, when he defeated Justin Gaethje and announced his retirement from the sport in his post-fight interview. Despite rumors of a comeback, Khabib has made it clear he has no plans to return to competition. Instead, he has focused on his various business ventures and training the next generation of fighters. The question now is how these legal challenges might impact Khabib’s future activities. The offenses he’s accused of could result in significant fines and/or imprisonment.

“Former UFC champion Khabib Nurmagomedov seems to have run into serious trouble with the Russian tax authorities.” – RT

“Khabib is believed to have used the money he owes to instead start new companies in the United Arab Emirates and Turkey.” – RT

“Nurmagomedov is one of the world’s wealthiest MMA stars, with an estimated net worth of $40 million.” – South China Morning Post