"Vince McMahon Sells $400M in TKO Stock Amid WWE Scandal"

1 min read
Source: Deadspin
"Vince McMahon Sells $400M in TKO Stock Amid WWE Scandal"
Photo: Deadspin
TL;DR Summary

Vince McMahon sold over five million shares in TKO Group Holdings, the parent company of WWE, netting over $400 million. Following the sale, McMahon still owns 15 million shares, about nine percent of TKO stock, and remains executive chairman of the company. McMahon resigned from TKO in January after being named in a sex-trafficking lawsuit and accused of covering up the alleged rape of a former WWE talent.

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