sport news Former WWE Chairman Vince McMahon to sever final ties with wrestling promotion ... trends now
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Vince McMahon will end his fifty-year association with WWE by selling his remaining shares in TKO to confirm his exit from the wrestling promotion.
On Friday TKO filed a prospectus detailing that McMahon would be selling up to 8.02 million shares he holds in the company, which were worth £77.48 apiece and around £620 million in total.
McMahon has worked for WWE since the 1960s, before eventually buying the company from his father and transforming it into a sports entertainment brand and the biggest name in professional wrestling - whilst making him a billionaire along the way.
In 2022, he briefly retired following allegations of sexual misconduct, but managed to engineer a return to the company at the end of that year to facilitate a sale of the business.
Endeavour Group Holdings purchased the company in September last year, merging it with UFC to form a new publicly traded name TKO - with McMahon as executive chairman.
Former WWE boss McMahon has put all of his remaining TKO shares up for sale, worth well over £500million
