sport news Vince McMahon pockets STAGGERING fee just months after resigning as Executive ... trends now
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Vince McMahon has pocketed a large fee after selling nearly 5.4million shares in WWE and UFC umbrella company TKO, it has been revealed.
McMahon resigned from his position as Executive Chairman of TKO in January after he was swarmed by sex trafficking allegations, just months on from the multi-billion pound merger between WWE and UFC.
The 78-year-old had been WWE boss for a number of decades, and initially retired in July 2022 after a number of sexual misconduct allegations, but returned to working soon after.
Following the merger, he was appointed Executive Chairman of TKO and featured in a number of promotional photos, but his resurrection was short-lived and he is now far away from WWE activities.
According to a notice filed to the United States Securities and Exchange Committion, McMahon sold his shares for a fee of around £325million on March 4, which was just over one quarter of his shares.
Vince McMahon has pocketed around £325million after selling some of his shares in TKO