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Mark Shapiro

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business1 year ago

TKO's Mark Shapiro Discusses UFC Media Rights and Vince McMahon's Influence

TKO COO Mark Shapiro recently met with former WWE Executive Chairman Vince McMahon, emphasizing that McMahon is no longer involved in TKO or WWE's management. Shapiro downplayed the legal issues McMahon faces, describing them as "litigation he's working through." Despite McMahon's reduced role, he remains a shareholder and approves of WWE's current direction. Shapiro's comments reflect a shift in tone, possibly due to a more favorable political climate and the resolution of previous concerns about McMahon's impact on WWE's business relationships.

via Cageside Seats|
#business#litigation#mark-shapiro
sports-and-entertainment1 year ago

"Vince McMahon's Stock Sell-Off and WWE's Future: The Latest Updates"

TKO Group Holdings President Mark Shapiro addressed Vince McMahon's recent stock selloff, stating that the company did not participate and is not in conversation with McMahon. McMahon retired from TKO earlier this year amid sex trafficking allegations, which also involve former WWE Champion Brock Lesnar. The allegations have led to legal action and federal investigation, impacting WWE's creative plans and partnerships.

via Wrestling Inc.|
#mark-shapiro#sex-trafficking-allegations#sports-and-entertainment
business1 year ago

"Vince McMahon Sells $412M in TKO Stock Amid Sex Trafficking Lawsuit"

TKO President Mark Shapiro affirmed that Vince McMahon is not returning to the company after selling $412 million in TKO stock, reducing his holdings to 15 million shares. McMahon abruptly left the board amid a sexual abuse lawsuit and has been distancing himself from the company. Despite his significant role in transforming WWE into a global media enterprise, McMahon has faced allegations of sexual harassment and misconduct, including a recent lawsuit from a former employee, which he intends to fight.

via Deadline|
#business#mark-shapiro#stock-sale