Vince McMahon appears to cut ties with WWE by selling TKO stock for over $776 Million

Former WWE CEO Vince McMahon is reportedly signaling his 50-year tenure with the corporation by selling off his remaining shares in TKO, the parent company that owns both WWE and UFC. However, the latest report clarified that the 78-year-old has listed the remaining holdings under the company rather than selling all of his shares at once.

McMahon resigned from his position at the Stamford-based company prior to the Royal Rumble 2024 because of major sex trafficking claims made by John Laurinaitis, who used to be the Head of Talent Relations for WWE. Shortly after these occurrences, he started selling off his stock.

Based on TKO’s most recent closing price of $96.76, a recent report showed that McMahon could sell up to 8.02 million shares, which are worth over $776 million. About these ongoing reports, an official from Sportico noted, “The filing makes the shares eligible for sale, but doesn’t mean they will be sold. In practice across the corporate world, such filings typically result in the sale of the listed shares shortly after.”

Including November, McMahon has made $1.365 billion on the sale of TKO shares. If he sells the rest, he may make more than $2 billion. However, with Vince McMahon on the way to selling his shares and showing no sign of returning to Stamford-based promotion, many speculate he might start a new wrestling promotion. But wrestling great Dutch Mantell doesn’t think McMahon will find any additional opportunities elsewhere.

Dutch Mantell doubts Vince McMahon’s ability to manage a new wrestling promotion

Mantell recently talked about what he thinks about the idea of Vince McMahon starting a new wrestling company after he leaves WWE by selling all of his TKO shares. He offered doubt on it and said McMahon might not try it because he’s afraid of the backlash from his fans he got in recent times. 

Vince McMahon
via Getty Images

As Seespotrun transcribed, the WWE veteran said, “No, I don’t believe so… He might do it, and I think he does it because he has the money to do it… But I don’t think he would even try to start a new promotion, because I think he would fear rejection from fans. I think that means more to him than anything. People said, “Ah, he’s an idiot.” He is this, he is that.” And I don’t think he can handle that.”

What’s your take on this? Share with us in the comments section.

Robin Ahmed

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Oh, hi, this is Md Robin Ahmed, a WWE fan and I everyday go through a slew of popular WWE stories on Sportszion. Watching Big Show's Showstopper was the beginning of my passion for WWE, though I have to say that his Chokeslam is not one of my favorite moves. Over time, my love for professional wrestling has intensified, mostly due to the Shield, and my all-time favorite wrestler in WWE is Big Dog. I would give everything to be able to be within a few feet of him to witness his iconic Superman Punch and Spear. My major is engineering, but I'm most happy when I'm doing something artistic that doesn't put me under any pressure. Watching them wrestle and discuss their matches is always fun for me. And I've finally discovered a career that gives me fun since it allows me to with my dream heroes lifestyle. So, Welcome! I'd love to hear from you on LinkedIn and Facebook.


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