Vince McMahon has once again sold off a significant portion of his WWE shares.
The latest SEC filing from TKO Holdings confirms that McMahon has sold approximately 3.5 million shares to an unnamed bank since March 5th, with McMahon earning nearly $100 million from the sale. With this being the third major sale of company stock since November 2023, the former Chairman has now surpassed $1.2 billion in sales of shares. No further update has been provided in regard to why McMahon is continuing to sell off large amounts of stock or his intentions with the $1 billion-plus earned from stock sales alone.
Back in November 2023, before the disturbing allegations against McMahon were made public, the former WWE owner sold off $700 million of stock, equating to 30% of his total company shares. At that time, it was reported that there were no intentions of McMahon exiting the company following the substantial sale of his share of the company.
Following on from Vince McMahon’s resignation from the company after the allegations from former employee Janel Grant came to light, the disgraced former Chairman still had shares in the company. At the beginning of March, Vince McMahon once again sold more of his shares and relinquished 6.5% of his total sales, equating to a value of over $400 million.
How Many Shares Does Vince McMahon Have Now?
Following on from the 3 multi-million dollar sales, McMahon is left with just over 11.5 million shares in TKO Holdings, which is valued at around $1 billion based on the current share price. Owning less than 8% of the company following the latest transaction, McMahon has a significant influence in terms of voting power but does not have enough to force his way back into the company the same way he did at the start of 2023 shortly before the sale to the Endeavor group was announced.
In recent news, Nick Khan has addressed the Vince McMahon allegations and how it may have negatively impacted the WWE/Netflix deal.