WWE News
Vince McMahon Sells Another $100 Million Of TKO Stock, Cashing in Over $1.2 Billion Since Merger
BY JITU JANGIR
Vince McMahon has further reduced his ownership stake in TKO Group Holdings, the parent company of WWE, after selling another $100 million worth of stock. This news comes from a recent SEC filing by TKO.## This latest sale, however, was not a typical stock transaction. In March 2020, McMahon secured a margin loan from Morgan Stanley following the closure of XFL. This loan included a provision for McMahon to transfer shares to Morgan Stanley in the future.## March 2024 was the designated month for settling this agreement. The original plan involved transferring 2.25 million shares to Morgan Stanley in 15 installments throughout the month. The final number of shares depended on the stock price during that period.## An interesting twist emerged – McMahon and Morgan Stanley opted to modify the agreement. Instead of the original staggered transfer, McMahon sold all 3.484 million shares to the bank in exchange for an additional $100 million payment.## This transaction adds to McMahon's significant stock sales in recent months. In early March, he sold $412 million worth of stock, and last November, he offloaded $642 million worth.## Following these sales, McMahon retains roughly 11.5 million shares, constituting approximately 6.7% ownership of TKO. This translates to the same voting power he held previously. ## It's important to note that McMahon also received a $111 million special dividend upon the completion of the WWE-UFC merger last September. In total, McMahon has cashed in over $1.2 billion since September through various stock transactions and the dividend payout. ## Stay Tuned To Sacnilk...
