Vince McMahon Sells Off WWE Stock In Staggering Deal

Vince McMahon is making moves behind the scenes as the disgraced former Executive Chairman sells a huge amount of stock.

Vince McMahon has been accused of sexual assault and sex trafficking in a bombshell lawsuit that has rocked WWE. As a result of the situation, TKO bosses asked Vince McMahon to resign from his role as Executive Chairman after a major sponsor threatened to withdraw from the Royal Rumble.

Speaking on the recent TKO Financials call, TKO President Mark Shapiro explained that Vince McMahon still owns a huge amount of stock in the company and had given no indication of 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.

However, McMahon’s plans have now become a lot clearer.

Vince McMahon Cashes In On WWE Stock

According to a new SEC filing from the 4th of March, it transpired Vince McMahon is selling 5.35 million shares of TKO stock. The deal will net McMahon over $400 million.

Dave Meltzer noted in his Daily Update that with the sale, McMahon now only owns 8.3% of the company despite the sale representing around 25% of the stock McMahon still held:

Vince McMahon today sold 5,350,000 shares of WWE stock, which is about 6.5 percent of the company, for $411.95 million. With the sale he now owns 8.3 percent of the company.

In November 2023 McMahon sold 8.4 million shares in the company which netted him a staggering $700 million.