Vince McMahon continues to make his exit from the world of professional wrestling.
According to Brandon Thurston of Wrestlenomics, former TKO Group and WWE Executive Chairman, Vince McMahon as sold 5,350,000 shares of TKO stock, which totals to $412 million.
McMahon now holds 15 million shares, which is good for 9% of TKO Group’s stock.
In case you missed it — Vince McMahon tendered his resignation from his spot as Executive Chairman of TKO Group following the Wall Street Journal revealing a lawsuit against the now former Chairman, stemming from the alleged sexual assault and trafficking of former WWE employee, Janel Grant.
In addition to McMahon, Brock Lesnar (indirectly), and former Head of Talent Relations, John Laurinaitis were also implicated in the lawsuit.
A Chicago-based law firm has launched a campaign for alleged victims to come forward and potentially receive compensation for what they’ve endured, more information on that campaign can be found by clicking here.
Vince McMahon is currently under federal investigation for the allegations.
BodySlam will continue to provide any updates on the status of Vince McMahon as they become available.
