Vince McMahon Sells $250 Million in TKO Stock to Endeavor
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The former WWE chairman reduces his stake in TKO Group Holdings while facing ongoing legal challenges.
According to a recent SEC filing, VINCE MCMAHON has sold 1,579,080 shares of TKO stock to Endeavor. The transaction,priced at $158.32 per share, amounted to approximately $250 million.
Following this sale, MCMAHON retains 6,442,325 TKO shares, representing roughly 3 percent ownership of TKO stock, without voting rights.
Public filings from September 20, 2024, indicate that MCMAHON registered three limited liability companies (LLCs) in Connecticut.These entities,formed in Delaware,share a principal office address in Stamford,Connecticut.MCMAHON is listed as the managing member for two of these LLCs.
New Business Ventures
The three LLCs are:
- 14TH & I Management LLC
- 14TH & I Holdings LLC
- 14TH & I Investments LLC
“MCMAHON retains 6,442,325 TKO shares,representing roughly 3 percent ownership.”
Ongoing Legal Battles
VINCE MCMAHON and WWE remain entangled in a lawsuit filed by former employee JANEL GRANT, alleging sex trafficking, sexual abuse, and harassment. Former WWE Executive JOHN LAURINAITIS was recently dismissed as a defendant after agreeing to provide evidence to GRANT’s legal team.
