Former WWE Chairman Vince McMahon to sever final ties with wrestling promotion by selling his TKO shares and ending fifty-year association with the company…as he battles sex trafficking lawsuit

Vince McMahon will end his fifty-year association with WWE by selling his remaining shares in TKO to confirm his exit from the wrestling promotion.

On Friday TKO filed a prospectus detailing that McMahon would be selling up to 8.02 million shares he holds in the company, which were worth £77.48 apiece and around £620 million in total.

McMahon has worked for WWE since the 1960s, before eventually buying the company from his father and transforming it into a sports entertainment brand and the biggest name in professional wrestling – whilst making him a billionaire along the way.

In 2022, he briefly retired following allegations of sexual misconduct, but managed to engineer a return to the company at the end of that year to facilitate a sale of the business.

Endeavour Group Holdings purchased the company in September last year, merging it with UFC to form a new publicly traded name TKO – with McMahon as executive chairman.

Former WWE boss McMahon has put all of his remaining TKO shares up for sale, worth well over £500million
+4

Former WWE boss McMahon has put all of his remaining TKO shares up for sale, worth well over £500million


+4

By selling his shares McMahon will end his fifty-plus year association with the company

Paul 'Triple H' Levesque has taken control of WWE and ushered in a new successful era
+4

Paul ‘Triple H’ Levesque has taken control of WWE and ushered in a new successful era

TRENDING

Video emerges of man biting a boy’s ear at World Snooker Championship

190.5k viewing now

Painting Rashford as innocent misses the point, writes CHRIS WHEELER

14.8k viewing now

Meet Caleb Williams’ new girlfriend Alina Thyregod

53.4k viewing now

However, in January the 78-year-old was forced to resign following allegations of sex trafficking , which he has denied.

Since his departure McMahon’s son-in-law Paul ‘Triple H’ Levesque has taken over the creative reigns at WWE, and been credited with the recent boom for the company.

WWE has seen consecutive sell-out shows for both their live events across the US and during last week’s UK tour, as well as flagship TV productions Raw and SmackDown.

While earlier this month they shattered revenue records for WrestleMania 40, making it the biggest and highest-grossing WrestleMania in history.

Janel Grant is suing McMahon, WWE and another employee over claims of sex trafficking
+4

Janel Grant is suing McMahon, WWE and another employee over claims of sex trafficking

McMahon meanwhile is facing a lawsuit after former WWE employee Janel Grant  accused the billionaire of sex trafficking and claimed he defecated on her head during a threesome, among other things.

Grant also claimed she suffered bruising and bleeding after McMahon forcefully penetrated her with sex toys, which he named after his wrestler and alleged that McMahon and another WWE executive locked her in a room at the WWE’s Stamford, Connecticut headquarters in June of 2021 and took turns sexually assaulting her.

The allegations have led to McMahon’s departure from WWE, but his daughter Stephanie McMahon remains with the company and recently made her first public appearance since her father’s resignation, when she introduced the second night of WrestleMania in Philadelphia.

Also listed in the prospectus was WWE Chairman Nick Khan, who has filed to sell what appear to be all his holdings of 234,424 shares, but will remain in his position with the company.

Related Posts

Did Yuki Tsunoda Just Unknowingly Trigger Verstappen’s Red Bull Exit? A Hidden Clause, Mercedes Spies, and a Twist No One Saw Coming.

Red Bull’s overreliance on Max Verstappen is clearer than ever right now. With Yuki Tsunoda their sole remaining runner in Austria, they finished last. Tsunoda’s result wasn’t…

Is This the End of Hamilton’s Ferrari Dream? How Six Months of Silence, Chaos and Secrets May Have Destroyed Everything

Photo: © IMAGO Lewis Hamilton’s underwhelming start to life at Ferrari has been blamed on a key departure from the F1 team. The seven-time world champion made the blockbuster switch…

Shockwaves hit the paddock as Red Bull reveals a game-changing secret plan — one that could shake Mercedes, revive an old rivalry, and force Verstappen into a dramatic career choice.

Red Bull on the Brink: Christian Horner’s McLaren Panic, Verstappen’s Ultimatum, and a Team on the Edge For over a decade, Christian Horner has been the cool,…

Lewis Hamilton didn’t just lose his temper – he delivered a chilling, carefully worded attack on Ferrari’s race engineer that left even his own team speechless. Was it personal? Was it planned? What happened on the radio is only the beginning of a deeper war no one saw coming.

Cracks at the Scuderia: Lewis Hamilton’s Ferrari Frustrations Boil Over When Lewis Hamilton announced his shocking move to Ferrari, the world held its breath. It was more…

Toto Wolff’s double play: Verstappen set for Mercedes as rising prodigy Antonelli tipped to join 500+ point team . A masterstroke—or the boldest gamble of Wolff’s career?

Mercedes team principal Toto Wolff will have to move either George Russell or Kimi Antonelli aside if he pulls off a move for Max Verstappen. And Antonelli…

Jenson Button breaks his silence with a surprising take on George Russell’s future, revealing a single hope he clings to as rumours swirl around Max Verstappen’s possible Mercedes move. What does he see in Russell that could change everything – or lead to heartbreak for the Silver Arrows?

George Russell is facing enormous uncertainty in Formula 1 as he is yet to sign a contract extension with Mercedes. The Silver Arrows are yet to confirm…