Vince McMahon has further reduced his holdings in TKO Group Holdings by selling approximately $250 million worth of shares directly to Endeavor, the majority stakeholder of TKO. Recent SEC filings indicate that McMahon sold 1,579,080 shares at a price of $158.32 each.
With this transaction, McMahon has now sold over $2 billion worth of TKO shares since the company’s establishment following the WWE and UFC merger in September 2023. This includes earlier substantial sales totaling $311.2 million to both TKO and Endeavor in April 2024.
After this sale, McMahon is reported to still possess 6,442,325 shares of TKO, representing about 3% ownership. McMahon stepped down from his roles at both TKO and WWE in January 2024.
His resignation followed a lawsuit filed by former WWE employee Janel Grant against him and former executive John Laurinaitis, accusing McMahon of sexual assault and sex trafficking—claims he has denied. This sale of shares appears to be part of McMahon’s effort to financially separate himself from WWE.
Fan Take: This news is significant for WWE fans as it signals Vince McMahon’s continued retreat from the company he helped build, highlighting a major shift in leadership and ownership dynamics. This could open the door for new directions in WWE’s future, potentially impacting the sport’s culture and business strategies.
