Vince McMahon to Sell Significant Amount of TKO Stock Amid Legal Turmoil

Vince McMahon is in the process of selling a significant block of his TKO stock, according to a recent SEC Filing. McMahon plans to sell 5.35 million shares, with a market value of approximately $411.95 million as indicated in the filing.

The transaction is being facilitated by Morgan Stanley, and post-sale, McMahon will retain ownership of roughly 15 million shares in the company.

This move comes after McMahon's resignation from all his roles at TKO Group in late January, a decision that followed a lawsuit filed by Janel Grant. In the lawsuit, McMahon, WWE, and John Laurinaitis are accused of sex trafficking, emotional abuse, and sexual assault, charges that McMahon has refuted.

⚡ Paul Heyman Set for 2024 WWE Hall of Fame Induction

Paul Heyman, the manager behind some of WWE's greatest talents, is set to join the prestigious ranks of the WWE Hall of Fame later this year [...]

— Ben Jordan Kerin Mar 04, 2024 12:28PM