For the first time since it was founded – replacing the previous WWF – WWE no longer has any kind of connection with Vince McMahon. The entrepreneur – 78 years old – has sold all his shares in TKO Group, the conglomerate born from the merger between WWE and UFC and with the involvement of Endeavor.
Vince McMahon sells shares of TKO Group. All ties with WWE severed
Vince McMahon had given his first ‘goodbye’ in the summer of 2022. The former Chiarman had then left some of the most important positions vacant, including that of creative director (given to Triple H). The reasons for the removal would be found in a scandal involving the entrepreneur and at least one of his associates;: Brock Lesnar.
Both names, in fact, appear in an investigation file for alleged sexual harassment against several women. Investigations are currently underway and the conclusion of any trial against them must be awaited. The sale of shares, therefore, is to be understood as a precautionary move to avoid losing money and not damaging the value of the company.
Among the first in Italy to report the news, the editors of the portal The Shield of Wrestling. WWE, an acronym for World Wrestling Entertainment, was born in 2002. Before then, the company was called the World Wrestling Federation. A legal dispute with the eponymous – and more famous – WWF, the NGO involved in the defense of wildlife – was then resolved with the name change. From 2002 onwards, McMahon and his wife held control of what in the meantime had become a real empire. In the meantime, in fact, WWE had managed to absorb numerous smaller local federations in the USA.
