News on Vince McMahon’s Involvement with TKO – It was reported last week that Vince McMahon continues to hold a significant stake in TKO Group, despite his fall from grace. According to a SEC 13G regulatory filing made public on Thursday, McMahon owns 8,021,405 shares of TKO stock. The filing was required because McMahon’s ownership exceeds the 5% threshold for a specific class of stock, which necessitates public disclosure.
The filing further reveals that McMahon owns 9.88% of the class A stock, which is non-voting, meaning he does not have a say in the company’s decision-making processes.
In a recent interview with CNBC, TKO Chief Operating Officer Mark Shapiro shared that he recently had breakfast with McMahon to “check in” following the release of the Netflix docuseries about McMahon’s life and career. Shapiro noted that McMahon expressed a “positive” outlook on the current trajectory of WWE under TKO’s leadership. However, Shapiro also made it clear that McMahon will not be returning to any role within WWE going forward, effectively ending his direct involvement with the company after stepping down amid controversies.
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News on Vince McMahon’s Involvement with TKO
