During a recent appearance on The Pat McAfee Show, Old School WWF Legend The Rock revealed that he never thought Vince McMahon would ever sell WWE.
Here’s what The Great One said about McMahon:
“We go way back. No, I never thought he would sell the company, but I’m not surprised because he’s always about big picture, he’s always about growth. You think about where he’s coming from, from his first WrestleMania to now what the company is valued at, and this merger is really incredible.”
Vince McMahon is hinting at leaving WWE and TKO Group Holdings, according to regulatory filings.
The new TKO entity has registered McMahon’s shares for sale, allowing him to avoid the lockup period for other TKO stockholders. McMahon currently holds 28.84 million TKO shares valued at $3 billion.
The filing also states that McMahon and two other TKO executives “will be selling stockholders”.
TKO’s regulatory filing states:
“Vince McMahon’s membership on our Board could expose us to negative publicity and/or have other adverse financial and operational impacts on our business. His membership also may result in additional scrutiny or otherwise exacerbate the other risks described herein. Any of these outcomes could directly or indirectly have adverse financial and operational impacts on our business.”
The LA Times reports that depending on the potential findings in the ongoing government investigations into payments made during the hush money scandal, Vince McMahon could face criminal and/or civil liabilities that could prevent him from serving as an officer or director of a public company, as well as a clawback of any “ill-gotten gains”.
Also Read: Vince McMahon Reveals How Long He Plans To Live
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