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Vince McMahon Squeezed Further Out Of WWE

By Lyle Kilbane • Published 8th April 2024
Vince McMahon WWE

Vince McMahon is very clearly no longer part of WWE and now his role is being diminished even further as Endeavor and TKO buy more of his shares.

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.

Vince McMahon Sells More TKO Shares

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:

NEW FILING: TKO and Endeavor are buying shares from Vince McMahon. In two agreements, Endeavor is buying 1,642,970 shares for $142.6M and TKO is buying an additional 1,853,724 for about $150M, for a total of about $293M. By my count, after the transactions close on Tuesday and Wednesday, respectively, Vince will have 8,021,405 remaining TKO shares. And by my math Vince will be down to owning about 4.7% of TKO.

It remains to be seen if McMahon ends up selling all of his shares in the company which would completely end his official association with WWE, something that many would never have believed as an eventuality once upon a time.

Stephanie McMahon made a shock appearance at WrestleMania 40 as she welcomed everybody to night two of the event as she touted the show as being part of the “Paul Levesque era” of WWE.