The biggest mystery revolving in the WWE world currently is the status of Vince McMahon with the company following the trafficking lawsuit added beside his name. Though there haven’t been any conclusions on the lawsuit yet, WWE has started parting ways with their former CEO in the slowest and smoothest ways possible.
A few days ago, a new report revealed that WWE’s parent company, TKO and Endeavour, had acquired shares from McMahon for around $293 million. However, following the transaction, the former CEO of WWE still had more than 8,000,000 shares of the company to his name.
A new filing has revealed that the remaining 8,021,405 shares of McMahon have also been registered for sale. Though this doesn’t mean that the shares have been sold or that all the shares will be sold immediately, this is a massive hint that McMahon would be completely away from WWE once this transaction becomes official.
In addition to McMahon’s shares, the report also suggests that 234,424 shares of Nick Khan and 3508 shares of TKO Board member, Steve Koonin, have also been registered for sale. However, no update on the reason for such registration has been unveiled. Ringside News will keep you updated with this story.
What are your thoughts on Vince McMahon registering his remaining shares in the company for sale? Let us know in the comments section below.