New Legal Filing Gives Insight Into Vince McMahon’s Remaining WWE Ties

Vince McMahon still has a legal stake in the TKO Group.

Although he stepped down from his position on the TKO Board of Directors in January, Vince McMahon remains linked to WWE’s parent company.

McMahon stepped down after former WWE employee Janel Grant filed a lawsuit containing sickening allegations of sex trafficking and sexual abuse. The lawsuit has since been paused following the launch of a federal investigation.

Despite McMahon distancing himself from WWE and TKO, he remains a company shareholder. A new SEC 13G filing has confirmed that as of September 30th, 2024, McMahon retains 8,021,405 shares. The figure is disclosed because McMahon holds over 5% of class A stock, with his shares equating to 9.88%. However, his total portion of TKO stock remains under 5%, and he doesn’t hold any voting power.

Interestingly, the filing confirms that McMahon hasn’t sold any of the shares he made available in April. At the time it was noted that 8,021,405 had been made available, but it was unclear whether this was all of his shares. Vince McMahon netted over $100 million after selling some of his TKO stock in March, after another sale the previous November.

TKO President Meets With Vince McMahon

Despite his ongoing legal challenges, Vince McMahon recently met with TKO Group President Mark Shapiro.

Shapiro confirmed the meeting in a new interview, and revealed he recently met up with McMahon to “check-in.” Shapiro said that while McMahon was a “total pro,” he remains “out of the business entirely.”

When asked if McMahon was supportive of WWE’s new direction, Shapiro said he couldn’t have been more positive, but reiterated that he wasn’t looking for his opinion.