Vince McMahon has resigned from all his roles within TKO, including TKO Executive Chairman and on the TKO Board of Directors, news that broke late Friday night.
Resignation
McMahon issued a statement through Deadline regarding the move, noting, “Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effectively immediately.”
WWE President Nick Khan also sent an email to WWE staff confirming the news, which comes after the lawsuit that alleged him to be involved in a sex trafficking and abuse scandal from a former WWE employee.
TKO’s statement
TKO submitted an SEC filing regarding the resignation of McMahon Monday morning, which you can read below:
“On January 26, 2024, Vincent K. McMahon notified the board of directors (the “Board”) of TKO Group Holdings, Inc. (“TKO”) of his resignation from his positions as Executive Chair and a member of the Board, and any other positions, employment or otherwise, he has at TKO and its subsidiaries, in each case, with immediate effect as of January 26, 2024.”
