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Vince McMahon Sells $412 Million Worth of Stock in WWE Parent Company TKO
WWE founder Vince McMahon, who resigned from the board of TKO Group amid sexual assault allegations, filed to sell $411.95 million worth of TKO stock.
Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell $411.95 million worth of TKO stock, according to a regulatory filing. The lawsuit alleges that McMahon abused and sexually exploited her and also trafficked her to other men, including Laurinaitis. McMahon’s statement continued, “However, out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately.”
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