Vince McMahon Nets $100 Million Payday After Stock Sale

Vince McMahon has sold more TKO stock.

It’s been confirmed via a new SEC filing that Vince McMahon has sold another 3.5 million TKO shares valued at just short of $100 million. The shares were sold to an unnamed bank over a 20-day period during March.

This is the third time in five months that McMahon has sold portions of his TKO stock. Back in November, Vince McMahon sold $700 million worth of shares, before securing a little over $400 million from a second sale on March 4th.

Despite the sales, McMahon retains 11.5 million TKO shares valued at nearly $1 billion. There has been no comment on why McMahon has sold so many shares in recent months, only that the trio of sales have netted him a staggering $1.2 billion.

Marth Hart Discusses “Horrific” Vince McMahon Allegations

Back in January, Vince McMahon, John Laurinaitis, and WWE were hit by a lawsuit filed by former WWE employee Janel Grant. The lawsuit contains sickening allegations of sex trafficking and sexual assault, as well as other instances of abuse.

During a new interview, Martha Hart shared her reaction to the allegations, admitting she wasn’t surprised to hear of a lawsuit. However, she did admit she wasn’t expecting to read the horrific allegations contained in the suit.