Disgraced WWE co-founder Vince McMahon has sold more than 5 million shares of WWE’s parent company, TKO Group Holdings, for a $400 million fee, according to regulatory filings. He says he got it.
Securities and Exchange Commission documents revealed that McMahon released 5.33 million shares of TKO’s Class A stock on Monday, representing only a quarter of his stake in the company that owns WWE and UFC. .
The transaction netted McMahon $412 million, according to the filing.
Mr. McMahon still owns 15 million shares, or about 9% of TKO, after the sale, according to previously reported regulatory filings. Daily Mail.
Representatives for TKO did not immediately respond to The Post’s request for comment.
Mr. McMahon could not be reached for comment.
The stock decline comes after McMahon resigned from his high-profile position as TKO’s executive chairman over sex trafficking allegations detailed in a bombshell lawsuit filed by former WWE employee Janelle Grant. It happened a few weeks later.
Grant claimed that he defecated on her during a threesome, trafficked her to other WWE executives, and sexually abused her with a sex toy he named after the wrestling star.
Grant, 43, who previously worked in WWE’s legal and talent departments, said he signed an NDA to keep things secret and received $1 million from McMahon, 78.
Ms Grant’s former boss allegedly promised her work at the company after her parents’ deaths, but claims this involved a sexual relationship that lasted until January 2022. .
The complaint also alleges that McMahon texted Grant in 2020, saying, “I’m the only one who owns U and I’m the only one who controls U and who I want to have sex with.” claims.
McMahon resigned from his position following an explosive lawsuit that also named former WWE general manager John Laurinaitis.
Still, a spokesperson for Mr. McMahon insisted in a statement at the time that Mr. Grant’s accusations are “lies, far-fetched fabrications, and vindictive distortions of the truth.”
“I intend to vigorously defend myself against these baseless accusations and look forward to clearing my name,” the rep added, adding that McMahon “respectfully represents the company and its shareholders.” ” He pointed out that he had simply left the company.
As TKO scrambles to deal with the aftermath of McMahon’s unscrupulous exit, another sexual assault allegation against the same executive has come to light.
WWE star Ashley Massaro, who committed suicide in 2019, released a statement to her attorney before her death. Although it has not been reported so far, Retrieved from VICE News Last month, she claimed McMahon asked her for sex.
Massaro accused the disgraced wrestling mogul and other WWE executives of covering up an allegation that she was raped at an army base in Kuwait while on tour in 2006.
At the time, McMahon was working as the CEO of WWE. He left the job in July 2022, when it was first revealed that WWE was investigating payments to unidentified women who had made allegations of sexual misconduct.
That same year, WWE established a “special committee” to look into the allegations against McMahon, but the investigation was concluded by November and “resolved with no findings of wrongdoing.”
This time, McMahon is reportedly under federal investigation over Grant’s claims.
