After more than 50 years of involvement with WWE, Vince McMahon, the disgraced former owner and chairman, has officially listed his remaining stock in TKO, the company that oversees WWE and UFC that was formed last September by Endeavor.
McMahon resigned in January following a sex trafficking lawsuit filed against him by a former employee.
The news was first reported Friday afternoon by Sportico.
McMahon originally retired in July of 2022 when allegations of sexual misconduct and using company funds to pay non-disclosure agreements first surfaced via a story by the Washington Post, but forced his way back into the company in January 2023. His resignation following the allegations was seen as final, though, and this is more proof of that.
McMahon has been selling his remaining stock since November, selling over eight million shares before selling another eight million in March and April. Sportico notes that his remaining eight million shares are valued at roughly $776 million, meaning he’ll have sold nearly two billion dollars worth of stock in the past year.
Another interesting note in the piece is that WWE president and TKO board member Nick Khan listed his 234,424 shares for sale. But Khan also listed the shares in September and has not sold any of the stock.
A TKO spokesperson declined to comment to Sportico.
