Vince McMahon is no longer officially associated with WWE, a company he boosted into an internal publicly traded company. He recently sold a ton of stock, but what is his standing in the company now?
TKO disclosed today that Vince McMahon sold 5,350,000 TKO shares at $77 each, generating $411,950,000 from the transaction. According to the filing, McMahon retains ownership of 15,002,105 shares. As of today’s closing price of $81.39 per share, McMahon’s total investment in TKO is valued at $1,221,021,326.
McMahon’s Big Pay Day
Vince McMahon’s association with WWE came to an abrupt turning point following his resignation from his role within the company. Now, he is cashing in after leaving the company he helped build and merge into a global conglomerate.
In a recent disclosure, it was revealed that McMahon opted to sell a substantial portion of his TKO shares, totaling an estimated $412 million. This strategic move not only serves to enhance McMahon’s financial standing but also raises a lot of questions about how he will spend that money.
With the sale of 5,350,000 shares, McMahon’s remaining stake in TKO now stands at around 15 million shares, constituting approximately 9% of the total outstanding TKO stock. So, he doesn’t own enough of the company to perform any kind of takeover in the future, as he did after his first “retirement” when the story first broke that he had a ton of NDAs and hush money agreements floating around.
Vince McMahon’s Resignation From WWE
Vince McMahon was forced to resign from WWE after Janel Grant’s lawsuit went public, along with the heinous allegations against him. The minute Slim Jim pulled their Royal Rumble in the eleventh hour before the big event, WWE knew they couldn’t have that slippery slope.
TKO CEO Ari Emanuel and TKO President and COO Mark Shapiro reportedly “urged” Vince to step down, and leave the company. Not long after his resignation was announced, Slim Jim returned to sponsor the Royal Rumble, and they even got an advertisement as part of LA Knight’s entrance during the show.
Vince McMahon has since been removed from WWE content to the best of their ability. His face was even blurred during cut scenes in WWE 2K24.
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