It looks like the owner of WWE and the UFC, TKO group, Endeavor has purchased a significant amount of TKO stock from the former Chairman of WWE, Vince McMahon. McMahon had sold his company to Endeavor after former WWE employee Janel Grant filed a sexual assault and sexual trafficking lawsuit against Vince McMahon, WWE, and John Lauranitus.
According to a new SEC filing, Vince McMahon has sold a lot of his stock to Endeavor. The SEC filing shows that Endeavor has purchased 1,579,080 shares of TKO stock from the former Chairman of WWE, Vincent Kennedy McMahon.
Now, McMahon has approximately 3% of ownership of the TKO Group. He has a total of 6,442,325 TKO shares. Earlier in April, McMahon had sold his TKO stock worth $311.2 million. Adding that and the stock he has sold now, he has sold shares worth almost $2 million.
Recently, John Laurinaitis’ name was dropped from Janel Grant’s lawsuit. POST Wrestling had posted a statement mentioning that Laurinaitis has decided to cooperate with Grant.
“John Laurinaitis has agreed to cooperate and provide evidence in Janel Grant’s lawsuit against Vince McMahon and WWE,” read the joint statement from Grant and Laurinaitis’ representatives. “His agreement to a confidential settlement is a pivotal next step toward holding McMahon and WWE accountable and bringing justice to Ms. Grant after years of sexual abuse and trafficking. Mr. Laurinaitis looks forward to moving on with his life. We cannot provide any additional details at this time.”
Read More: Vince McMahon Lawyer Issues Statement After Janel Grant Drops John Laurinaitis From Lawsuit
What are your thoughts on McMahon selling more of his stocks?
