John Cena Drops WWE Retirement Bombshell

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Former CEO Vince McMahon stepped away from his roles at WWE and TKO following Janel Grant filing a sex trafficking lawsuit against him and the company. WWE has usered in a new era under Triple H.

Now, it has come to light that Vince McMahon, the former board member of TKO Holdings, has once again grabbed the headlines for unexpected reasons, as TKO and Endeavor have acquired a significant stake from him.

Brandon Thurston of Wrestle Nomics has reported that the recent filings reveal that TKO Group Holdings is purchasing shares from McMahon. In a couple of distinct agreements, Endeavor is set to acquire 1,642,970 shares for $142.6 million, while TKO Group is obtaining an additional 1,853,724 shares for approximately $150 million. It has been noted that this results in a combined transaction value of approximately $293 million.

After the completion of these transactions, which is expected to be finalized on Tuesday and Wednesday of this week, McMahon will still hold 8,021,405 TKO Group shares, representing approximately 4.7% ownership of TKO.

McMahon recently sold almost $100 million worth of shares, which included divesting 3.5 million shares to an undisclosed bank over 20 days last month. It is unclear what the consequences of these actions will be for McMahon’s future, and many are curious about what the future holds for the wrestling tycoon.


Barry Russell
Barry Russell
A dedicated pro wrestling follower for more than a decade

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