TKO was not involved in the recent Vince McMahon Stock Sale in todays Wrestling news
TKO has not been in contact with McMahon, and does not know his motivations.
TKO Group Holdings was not involved in the recent sale of company stock by Vince McMahon.
This week, it was revealed that McMahon sold approximately 25 percent of the stock he owned in TKO. TKO is the parent company for WWE and UFC. McMahon will receive more than 400 million dollars from the sale. After this sale, he will still hold approximately 8.3 percent in the company.
Mark Shapiro, executive of Endeavor and TKO, confirmed at a Morgan Stanley conference on Wednesday that TKO had “not participated in the recent sale” McMahon’s stock.
Shapiro is president and chief operating office of TKO. He said that TKO was not in conversation with McMahon, and did not know the motives behind his stock sale.
Shapiro said, “We don’t have any idea of his plans, his motives or his timeline.” “He does not work for the company. He doesn’t come to the office. And he is not returning to the company.” “And that’s where you sit.”
McMahon quit WWE and TKO in January this year after a lawsuit was filed by a former WWE employee Janel grant. In the lawsuit, McMahon is named as a defendant, along with WWE and John Laurinaitis. McMahon has been accused of sexual assault, sex abuse, and physical and emotional abuse.
TKO was created in September last year after Endeavor acquired WWE. McMahon served as executive chairman of TKO before his resignation.
McMahon sold some of his TKO shares in November last year. He sold about 30 percent of his stock at the time.
TKO was not involved in the recent Vince McMahon Stock Sale 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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