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Vince McMahon unloads one other $100 million of TKO Group Holdings inventory

Vince McMahon, former executive chairman over TKO Group Holdings and WWE founder, has sold off more stock in the company he left. Financial filings through the Securities and Exchanges Commission show McMahon, 78, sold just under 3.5 million shares of stock and received “approximately $100 million” for the sale. This is the third time McMahon

Vince McMahon unloads one other $100 million of TKO Group Holdings inventory

Vince McMahon, former govt chairman over TKO Group Holdings and WWE founder, has offered off extra inventory within the firm he left.

Monetary filings by way of the Securities and Exchanges Fee present McMahon, 78, offered just below 3.5 million shares of inventory and obtained “roughly $100 million” for the sale.

That is the third time McMahon has offered off a portion of his inventory in TKO Group Holdings, the merged firm between WWE and UFC. His first sale in 2023 netted round $670 million, and a second sale finalized in March paid out $408 million.

This newest transaction brings McMahon to over $1.17 billion earned in inventory gross sales from his holdings in TKO.

Based mostly on the monetary disclosure, McMahon nonetheless holds over 11.5 million shares of TKO inventory, which is valued at just below $1 billion primarily based on present inventory costs. That’s a drastic downsizing for the ex-WWE chief, who was one of many largest shareholders in TKO when the corporate first shaped.

Endeavor, the expertise company that beforehand bought the UFC for simply over $4 billion in 2016, accomplished a transaction to take over possession of the WWE. The company maintained a 51 p.c controlling inventory within the firm, and the opposite 49 p.c belonged to current WWE shareholders, together with McMahon.

Ari Emanuel oversees TKO Group Holdings as CEO, and in the end, the buck stops with him for any main firm selections.

McMahon’s newest inventory sale comes after he lower ties with WWE following a lawsuit filed by a former worker containing disturbing allegations of sexual assault, intercourse trafficking and different abuses the worker claims she suffered whereas working for the pro-wrestling mogul.

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Following McMahon’s exit, TKO Group Holdings president Mark Shapiro addressed the previous exec’s inventory gross sales.

“He’ll do no matter he’s going to do, and we’re all on the sideline,” Shapiro said of McMahon. “We’ll take a look, we’ll see. We do not know on timing. We’re not having any dialogue with him. He’s given us no viewpoint on his motive, or his plans to promote or not promote, or if he does, how a lot. So, we’re going to attend round and discover out identical to you.”

The newest sale was accomplished with an unnamed financial institution buying McMahon’s inventory between March 5 and March 25.

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