- McMahon resigned in January, a few weeks after the merger was completed
- The document showed that the 78-year-old still owns nine percent of the company
- He has about 15 million shares left and denies the allegations
Vince McMahon has pocketed a big payout after selling nearly 5.4 million shares in WWE and UFC umbrella company TKO, it has been revealed.
McMahon resigned as executive chairman of TKO in January after being swamped with sex trafficking allegations, just months after the multibillion-dollar merger between WWE and UFC.
The 78-year-old was a WWE boss for decades and initially retired in July 2022 following a number of sexual misconduct allegations, but returned to work shortly afterwards.
After the merger, he was named executive chairman of TKO and was featured in a number of promotional photos, but his resurrection was short-lived and he is now far removed from WWE activities.
According to a notice filed with the United States Securities and Exchange Committion, McMahon sold his shares on March 4 for a consideration of approximately £325 million, which was just over a quarter of his shares.
Vince McMahon has pocketed around £325million after selling some of his shares in TKO
A document shows that the billionaire has thrown away five million of his shares, although he still owns about fifteen million shares
McMahon resigned as executive chairman of TKO amid sex trafficking allegations
After the transaction, McMahon will have approximately 15 million shares left, representing approximately nine percent of all TKO shares.
A statement to DailyMail.com following McMahon’s sex trafficking allegations read: ‘I stand by my previous statement that Ms. Grant’s lawsuit is full of lies, obscene fabrications that never happened, and is a vindictive distortion. of the truth.
“I intend to vigorously defend myself against these baseless allegations and look forward to clearing my name.”
“Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all the employees and Superstars who have helped make WWE the global leader it is today, I have decided to resign steps. with immediate effect, my chairmanship of the board and the board of directors of TKO.’
Janel Grant (pictured) is suing the 78-year-old, the WWE and another company executive
McMahon is accused of trafficking Grant to other men, while other disturbing allegations have also been made
Grant claims she suffered bruising and bleeding after McMahon forcibly penetrated her with sex toys, which he named after his wrestlers.
She also claims that in June 2021, McMahon and another WWE executive locked her in a room at WWE headquarters in Stamford, Connecticut and took turns sexually assaulting her during the workday.
She also claimed that he defecated on her head during a threesome.
The married McMahon is also accused of trafficking Grant to other men and sharing nude photos of the plaintiff. Grant is seeking unspecified damages.