Vince McMahon Selling More TKO Stock, Drops Over 3 Million More Shares

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Former WWE chairman Vince McMahon has continued his divestiture of TKO stock, netting an estimated $100 million in the process. This news comes via a recent SEC filing by TKO Group.

McMahon's latest sale involved 3,484,006 shares, following an earlier transaction in March where he sold 5,350,000 shares. These sales combined total over $500 million.



The filings reveal McMahon had a pre-arranged agreement with an unnamed bank, obligating him to deliver the shares to settle the contract. The agreement was finalized in parts between March 5th and 25th, 2024.

Despite the substantial sales, McMahon retains ownership of approximately 11.5 million TKO shares. While this indicates some remaining interest in the company, it's significantly less than the amount needed to exert major control. This effectively eliminates the possibility of another WWE-style takeover by McMahon after his previous retirement.

The reasons behind McMahon's stock selloff remain unclear. However, TKO Group stock has seen a recent surge, with many attributing the rise to a potential upcoming deal with Netflix.

This news comes amidst ongoing efforts by WWE to distance itself from McMahon following sexual misconduct allegations. Whether WWE will continue to avoid mentioning him on television remains to be seen.

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