Ari Emanuel And COO Mark Shapiro Contacted Vince McMahon, Advising Him To Resign
New York Stock Exchange spectacle fades as McMahon departs under cloud of legal troubles.
Though WWE and UFC's partnership seemed promising last year, their celebratory photo op at the Stock Exchange now feels overshadowed by recent events.
Ex-employee Janel Grant's lawsuit alleging sexual trafficking and misconduct against Vince McMahon has rocked the wrestling world, leading to his formal resignation from both WWE and its parent company, TKO Holdings.
McMahon vehemently denies Grant's claims, calling them baseless, but facing pressure from TKO CEO Ari Emanuel and President/COO Mark Shapiro, he stepped down, reportedly to protect the company's interests.
Meanwhile, troubling revelations keep surfacing. TKO was apparently aware of McMahon's alleged behavior before the merger, and federal authorities are now investigating the lawsuit's claims.
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