Former WWE CEO Vince McMahon Nets $100 Million Through Another Stock Sale
variety.comTodd Spangler NY Digital Editor Vince McMahon, the founder and former CEO of wrestling entertainment company WWE, received about $100 million through a sale of about 3.5 million shares of TKO Group.
TKO Group was formed last year through the Endeavor-led merger of UFC and WWE. Endeavor maintains a majority interest in TKO.
McMahon’s latest sale of TKO stock comes after he netted $408 million through a separate sale of shares earlier this month, and after he sold 8.4 million shares of Class A common stock in TKO — worth $670 million — last November.
All told, to date he has earned almost $1.2 billion through TKO stock sales. According to an SEC filing Thursday by TKO Group, McMahon’s latest stock sale was to an unnamed bank, with the 3.5 million shares transferred over the course of 15 business days (March 5-25). “Upon such physical settlement, [McMahon] received, in the aggregate, approximately $100 million from the Bank,” per the filing.
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