In another major move that signals his gradual financial exit from the WWE-UFC merger, Vince McMahon has sold a significant portion of his stock in TKO Group Holdings. According to a U.S. Securities and Exchange Commission (SEC) filing cited by Variety, the sale involved approximately 1.58 million shares of TKO Class A stock and was completed in a private transaction with Endeavor Group Holdings, the majority owner of WWE and UFC’s parent company.
The deal, valued at approximately $250 million, was finalized on June 4, with shares sold at a price of $158.32 each. This transaction is one of the largest in McMahon’s recent series of sales since the merger of WWE and UFC under the TKO Group banner.
Vince McMahon’s Stake in WWE’s Parent Company Keeps Shrinking
With this latest move, Vince McMahon’s financial grip on TKO continues to loosen. As of mid-April 2024, McMahon still controlled about 8 million shares, which translated to a 9.8% economic stake and 4.1% voting power in the company. His sale this week reduces that stake even further.
According to public filings and financial disclosures, McMahon has now cashed out more than $2 billion worth of TKO stock since the merger. One of his previous sales, in April 2024, saw him unload $311 million in shares.
Endeavor Solidifies Control Over TKO Following Vince McMahon Sale
This latest purchase also strengthens Endeavor’s position. The group, now operating privately under the WME Group umbrella following a $25 billion acquisition by Silver Lake, now holds 61.7% of all outstanding TKO shares.
The sale comes at a time when Endeavor is refocusing its business privately, and appears keen on consolidating power over WWE and UFC operations. By buying directly from McMahon, Endeavor avoids public market disruptions while signaling that its long-term investment in TKO is far from over.
Vince McMahon’s Influence on WWE Continues to Fade
Once the undisputed face of WWE both on- and off-screen, Vince McMahon has gradually stepped back from daily operations and boardroom decision-making. Following the merger of WWE and UFC into TKO Group in 2023, McMahon’s role in the company has diminished as Endeavor and its partners took over majority control.
With this latest sale, it becomes even clearer that Vince McMahon is cashing out of the empire he built, perhaps for good. What this means for the long-term creative and business direction of WWE under TKO remains to be seen, but one thing is certain—McMahon’s exit from the wrestling industry he revolutionized is speeding up.
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