Vince McMahon, a controversial figure in the wrestling world, is currently facing trafficking allegations, leading to widespread debate. Despite the accusations, the COO of TKO has confirmed his continued involvement in the company.
Vince McMahon has been accused of serious allegations of sexual trafficking and misconduct by ex-WWE employee Janel Grant. The lawsuit alleges that McMahon shared explicit content of Grant without consent, involving other WWE employees, unnamed executives, and stars, and directed her to engage in sexual activities with them.
Following the sexual trafficking lawsuit, Vince McMahon officially resigned from WWE and TKO Holdings. He has been selling off his TKO stock in recent months, including a transaction on Monday where he sold 5,350,000 TKO shares, totaling $412 million. In a previous sale in November, he garnered $612 million. Despite these sales, he retains ownership of approximately 15 million shares, constituting about 9% of all TKO stock.
TKO COO Mark Shapiro addressed Vince McMahon’s status during a talk at the Morgan Stanley Conference, emphasizing that McMahon is no longer involved with the company and has no plans to return.
“He doesn’t work for the company. He doesn’t work at the company … and he’s not coming back to the company.”
Shapiro says TKO did not participate in Vince McMahon's most recent stock sale. He roughly has 8.5%. We don't talk to him, we don't know his motives, his plans, his timelines. He doesn't work for the company. He doesn't come into the offices. He's not coming back to the company.
— Brandon Thurston (@BrandonThurston) March 6, 2024
