Vince McMahon sells all remaining TKO shares in todays Wrestling news
McMahon’s time as a TKO shareholder may be coming to an end.
Vince McMahon appears to be losing his status as a TKO shareholder.
Three stockholders, including McMahon, were listed in a TKO SEC filing that was released on Friday.
While WWE CEO/TKO board member Nick Khan (234 424) and Board Member Steven Koonin (3508) also listed some stocks for sale, McMahon’s listing states that he is making 8,021,405 available shares — this is notable because it is all that McMahon still has.
The shares are not all listed for sale.
Brandon Thurston, of Wrestlenomics, observed that “registering shares for sale allows public to purchase them and may therefore allow McMahon Khan and Koonin a better deal, and to complete any transaction with less administrative friction.”
TKO closed Friday at $98/share, making McMahon’s current stock worth more than $786m.
McMahon has been liquidating his stock in a steady manner since November 2023. This week, he lost more than $300,000,000 in two separate transactions with Endeavor and TKO. He now owns less than 5% of TKO. He still owns almost 10% of TKO class A shares.
This week’s transaction follows three others since late-fall.
Vince McMahon sells all remaining TKO shares in todays Wrestling news, Chatalong Chatbox, Results will be Hidden inside a spoiler Button so you will not bet spoiled about direct results.
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