TKO Reveals Surprising Amount Of Power Vince McMahon Still Has

Vince McMahon WWE

Vince McMahon may be out of WWE and TKO but it seems he still has the company wondering just what he’s going to do next.

Vince McMahon has been accused of serious sexual assault and sex trafficking in a lawsuit that has rocked WWE. As a result of a major sponsor threatening to pull their advertising from the Royal Rumble Vince McMahon resigned as Executive Chairman of TKO – a role he had held since the Endeavor takeover of WWE was completed in September 2023.

However, it is not quite as clean a break as TKO might have hoped considering the scandal engulfing McMahon. Speaking on the TKO Financials call, TKO President Mark Shapiro explained that Vince McMahon still owns a huge amount of stock in the company and he has given no indication of just what he’s going to do with it:

Obviously, we’re talking about Vince McMahon, specifically, in terms of cashing stock. He still holds, I believe, 20 million shares. It’s all registered. He’ll do whatever he is going to do and we’re on the sidelines, we’ll have a look, we’ll see, we have no idea on timing.

We’re not having a discussion with him. He’s given us no point of view on his motive or if he plans to sell or not sell or if he does, how much. We’re going to wait around and find out, just like you.

Can Vince McMahon Force His Way Back To WWE?

Allegations regarding the lawsuit filed against Vince McMahon first came to light in 2022. An investigation was carried out by a special committee of WWE Board members at the time and McMahon initially announced his retirement in July 2022.

However, once the investigation was completed and the spotlight on him died down, McMahon used his position as majority shareholder of WWE to force his way back into power in January 2023. That was despite a unanimous vote from the WWE Board rejecting his initial pleas to return.

Despite McMahon owning 20 million shares of TKO stock he is not the majority shareholder of the company and does not have the necessary voting rights to repeat his comeback. Even if the lawsuit is settled and does not make trial, it seems hard to believe TKO would want the 78-year-old back in the fold in the company considering the lurid details contained in the suit potentially staining his character forever.

McMahon has called the lawsuit “replete with lies” and has vowed to fight to clear his name.