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Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to Company and Endeavor
WWE founder Vince McMahon will receive $311.2 million from two stock repurchase deals with TKO Group and majority owner Endeavor.
Vince McMahon continues to cash out of his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from the board of TKO Group in January 2024 in the wake of sexual assault and sex trafficking allegations against him by a former employee as detailed in a lawsuit. According to the company’s most recent 10-Q, McMahon has pledged 7.17 million of his shares as “collateral to secure his obligations under loans” from Morgan Stanley Private Bank, National Association.
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