In surprising news, Axios has reported that Vince McMahon, who personally owns TKO Group Holdings stock valued at $3 billion, has registered all his shares for sale. Why he has done this remains unclear, but it is speculated in the article the newly formed company may view McMahon as a liability due to his well-publicized hush-money payments and the fact back in July, law enforcement agents executed a search warrant and served a federal grand jury subpoena on him.
“The new combined entity, TKO, has registered all of McMahon’s shares for sale, thus enabling him to avoid the lockup period that applies to other TKO stockholders like Endeavor and Silver Lake. McMahon currently holds around 28.84 million TKO shares, which was valued at $3 billion as of yesterday’s market close.”
Axios.comWith the exception of his short retirement, the idea of WWE without McMahon always seemed unfathomable. Nevertheless, the merger with UFC’s parent company, Endeavor, has opened the door for that again. And while it was thought he would have a job for life under the TKO management structure, it now seems there is a genuine possibility that the company he made a global brand will soon be without him.
