Vince McMahon Cashes Out Over $1 Billion in TKO Stock Following Lawsuit

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Vince McMahon, the former chairman of TKO, has been selling off a significant portion of his shares in the company in recent months.

The latest transaction, revealed on Monday, involved the sale of 5,350,000 shares for a total of $412 million. This follows a similar sale last November, where McMahon cashed out $642 million for 8.4 million shares.



These sales bring McMahon's total earnings from TKO stock to over $1 billion, with an additional $111 million secured through a special dividend following the merger that formed TKO. Despite the sales, McMahon still holds approximately 15 million shares, representing roughly 9% of TKO's stock.

McMahon's stock transactions come amidst ongoing legal challenges. He faces accusations of sex trafficking, sharing explicit photos and videos without consent, and other actions against a former WWE employee, Janel Grant. The lawsuit also named former TKO executive John Laurinatis. Following the allegations, McMahon resigned from his position at TKO.

The reasons behind McMahon's decision to sell his shares remain unclear. However, the timing coincides with the legal issues he faces, leading to speculation among financial analysts and wrestling fans alike.

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