The One Vince McMahon Story That Will No Longer Make The News

Vince McMahon WWE

Vince McMahon news regarding one significant aspect of his ties to WWE is going to be severely hampered for one good reason.

Vince McMahon has been accused of sexual assault and sex trafficking as part of a lawsuit that rocked WWE. As a result, Vince McMahon was told to resign as Executive Chairman of TKO with WWE moving into a new era.

In November 2023, Vince McMahon sold millions of TKO shares and he followed this up in March with a stock deal that netted him $100 million. However, his latest deal dwarfs that substantially.

Brandon Thurston reported on social media that McMahon is one step closer to having nothing to do with WWE as TKO and Endeavor are buying even more shares from him. The result will be that McMahon will now hold less than 5% of TKO shares and will net around $435 million from the sale.

Vince McMahon Stock Sale Means Big Change

Speaking on Wrestling Observer Live, Mike Sempervive noted that the number of shares still held by McMahon will mark a significant change in what happens should he sell more stock:

That is significant because we are going to hear nothing about Vince selling stock again now that he’s at under 5% of the company.

These filings don’t have to be made in most cases to the SEC so that’s probably going to be the last you’re going to hear about Vince McMahon selling off any stock and anything you probably hear from this point forward is probably going to have everything to do with the Janel Grant lawsuit.

WWE is heavily promoting a new era in the company as it looks to distance itself from Vince McMahon entirely.

If you use any quotes from this article please credit original source and then h/t with a link back to TJR Wrestling for the transcription.