A major development appears to indicate Vince McMahon‘s time as a TKO Group Holdings shareholder is coming to an end.
In a new SEC filing made by TKO Group Holdings on Friday, it was noted that three notable stockholders have registered their shares in the company for sale. WWE President Nick Khan is listed as making 234,424 of his shares available while TKO board member Steve Koonin has put 3,508 of his stock on the market.
The most notable name listed, however, is former TKO Executive Chairman Vince McMahon who has registered all 8,021,405 of his remaining company stock for sale. In theory, the move could lead to McMahon selling off his ownership stake in TKO Group Holdings entirely.
Analysis from Brandon Thurston of Wrestlenomics states that while the move is not a guarantee that all of McMahon’s remaining stock will be sold, it could suggest he is looking to sever the last of his official involvement with TKO, and WWE by extension, following various sales of several millions of his stock since November.
McMahon resigned as Executive Chairman of TKO Group Holdings earlier this year after being accused of sexual misconduct, abuse, trafficking and more in a lawsuit by ex-WWE employee Janel Grant. Despite his resignation, the 78-year-old continues to deny any wrongdoing.
Nick Khan Recently Discussed The Vince McMahon Allegations
Speaking on The Town with Matthew Belloni earlier this month, Nick Khan branded the Vince McMahon allegations as “horrific” before going on to deny the idea that WWE’s upcoming partnership with Netflix played a role in McMahon’s resignation from TKO.