The conclusion of an era is on the horizon. TKO has submitted a recent SEC filing disclosing that Vince McMahon plans to divest his remaining 8,258,887 shares of TKO stock.

In a move signaling his intent to sell, McMahon has registered the shares for potential sale, though no transactions have occurred yet. According to TKO’s statement:

“This prospectus relates to the resale of up to 8,258,887 shares of our Class A common stock by the selling stockholders named in this prospectus or their permitted transferees.

On September 12, 2023, World Wrestling Entertainment, Inc., a Delaware corporation (“WWE”) and Endeavor Group Holdings, Inc., a Delaware corporation (“Endeavor”), consummated the business combination of the businesses of WWE and TKO Operating Company, LLC (“TKO OpCo”), which owns and operates the Ultimate Fighting Championship (“UFC”), pursuant to the transaction agreement (the “transaction agreement”), by and among Endeavor, Endeavor Operating Company, LLC, a Delaware limited liability company and subsidiary of EDR (“Endeavor OpCo”), TKO OpCo, WWE, TKO Group Holdings, Inc. (f/k/a New Whale Inc.), a Delaware corporation (“TKO Group Holdings”), and Whale Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of TKO Group Holdings (“Merger Sub”).


We are registering the offer and sale from time to time of shares covered by this prospectus pursuant to such stockholders’ registration rights under a registration rights agreement between us and such stockholders. Subject to any contractual restrictions on them selling the shares of our Class A common stock they hold, the selling stockholders may offer, sell or distribute all or a portion of their shares of our Class A common stock publicly or through private transactions at prevailing market prices or at negotiated prices. We will not receive any of the proceeds from the sale of the shares of our Class A common stock owned by the selling stockholders. We will bear all costs, expenses and fees in connection with the registration of these shares of our Class A common stock, including with regard to compliance with state securities or “blue sky” laws. The selling stockholders will bear all commissions and discounts, if any, attributable to their sale of shares of our Class A common stock.”

McMahon’s decision to resign from his position as TKO Executive Chairman on January 26 followed lawsuit filed against WWE, McMahon, and John Laurinaitis by former WWE employee Janel Grant. Allegations in the lawsuit include claims of sex trafficking, emotional abuse, and sexual assault against McMahon.

Starting in November 2023, McMahon has gradually been offloading his TKO shares, a process that commenced following the official merger of WWE and UFC into TKO in September of the same year.

What are your thoughts on Vince McMahon’s decision to divest his remaining shares of TKO stock? How do you believe this move might impact both McMahon’s future endeavors? Share your insights and perspectives on this significant development!

Steve Carrier

Steve is the Founder of RingsideNews. He has been writing about professional wrestling since 1996. He first got into website development at the time and has been focusing on bringing his readers the best professional wrestling news at it's highest quality.

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