Nick Khan Preparing to Sell Millions Worth of TKO Shares

WWE has undergone quite a few changes over the past couple of years, especially after Triple H took over as Head of Creative and Nick Khan became President. Interestingly enough, Nick Khan is now preparing to sell millions worth of TKO stocks.

In case you didn’t know, Vince McMahon continued his trend of selling off his TKO shares, recently pocketing close to $100 million by selling 3.5 million shares to an undisclosed bank over a 20-day period back in March.

This marked McMahon’s third significant sale of TKO stock since November. Initially, he sold around 30% of his shares (8.4 million) for nearly $700 million. Subsequently, earlier last month, he divested 25% of his remaining shares for $408 million.

According to Dave Meltzer in the Wrestling Observer Newsletter, it was reported that Nick Khan has registered to sell 234,424 shares of TKO, equivalent to $23 million.

”WWE President Nick Khan has registered to sell 234,424 shares. The remaining shares McMahon is looking to sell would be worth about $781 million, while the shares Khan is looking to sell are worth about $23 million.”

It is not known why Nick Khan plans on selling so many TKO stocks of all a sudden, but Vince McMahon’s actions are understandable. Nevertheless, only time will tell why Nick Khan made such a decision.

Are you shocked by Nick Khan deciding to sell so many TKO stocks? Let us know in the comments section below!