Amid the sexual abuse scandal rocking the wrestling world, Vince McMahon is stepping down as executive chairman of WWE's parent company, TKO Group Holdings.
according to the deadlineMcMahon denied the allegations, but resigned nonetheless.
“I stand by my previous statement that Mr. Grant's lawsuit is a lie, a far-fetched and salacious fabrication, and a persistent distortion of the truth,” McMahon said Friday, according to the newspaper. “I intend to vigorously defend myself against these baseless accusations and look forward to clearing my name.
“However, out of respect for the WWE Universe, the extraordinary TKO business, its board members and shareholders, partners and constituents, and all of the employees and Superstars who have helped make WWE the world leader it is today, I am stepping down. ''I was effectively removed from the Executive Chairman position and from the TKO Board of Directors.'' ”
McMahon was hit with a bombshell lawsuit Thursday from former staffer Janelle Grant. They include allegations that McMahon forced her to defecate during her threesome, trafficked her to other WWE executives and sexually abused her with a toy named after the wrestling star's girlfriend.
“I wanted to let you know that Vince McMahon has tendered his resignation from his position as TKO Executive Chairman and TKO Board of Directors,” WWE Chairman and TKO Board Member Nick Khan said in an email to staff on Friday. According to variety. “He will no longer have a role with TKO Group Holdings or WWE.”
This is a developing story
