Vince McMahon Makes All TKO Shares Up For Grabs

Vince McMahon is one step closer to officially cutting all ties with WWE as he puts the rest of his TKO stock up for sale.

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, a deal sealed in early April with WWE’s new owners puts the size of those sales firmly in the shade.

Brandon Thurston reported on social media that Vince 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 Selling Off All TKO Shares

In an SEC filing now made on the 12th of April, three shareholders have made stock available for sale. Vince McMahon has made available 8,021,405 shares, which is notable as that is all the shares in the company that he still holds.

WWE President Nick Khan has made 234,424 shares available while board member Steve Koonin has made 3,508 shares available. It should be noted that while all these shares are available for sale, there is no guarantee that they will be sold.

Regarding this latest move, Thurston noted that “registering the shares for sale allows the public to buy them and therefore might allow McMahon, Khan, and Koonin to get a better deal and to complete any transactions with less administrative friction.”

If Vince McMahon does sell the full amount of his remaining shares – which at the close of the stock exchange on the 12th of April is valued at more than $786 million – it will bring an official end to his ties with the company that he had led for forty years.