7 Days After Dwayne Johnson Joins the Board of Directors, TKO Stocks Suffer a Downfall Upon Vince McMahon’s Resignation

Dwayne Johnson constantly surprises his fans with his ever-expanding business ventures. Recently, “The Rock” entered the sports entertainment field by gaining a position on the board of directors in the TKO group. This was a move that wrestling fans didn’t see coming. However, something even more unexpected happened a few days ago.

Vince McMahon left all of his positions in TKO and its subsidiaries. These two recent incidents in the group proved to be quite impactful for the company’s stock pricing. Both of these moments proved pivotal in changing the condition of TKO in the stock market.

Dwayne Johnson’s presence somewhat eased TKO stocks

By merging both WWE and UFC, we got a product called TKO. The company was doing fine in the stock market. However, things improved when one of the highest-paid Hollywood actors joined the board of directors as the 13th member. His presence even reduced the impact that TKO could’ve taken after McMahon’s resignation.

On the 23rd of January this year, the TKO group welcomed Dwayne Johnson on board. This resulted in the stocks of the company jumping from $77.41 on 22nd January to $89.63.

However, we can see an immediate downfall in the stocks on 26th January, after McMahon had officially resigned from all his positions in the company. The stocks went from $86.54 on 26th January to $82.73 on the 29th of January. And now, the most recent price in the market as of 30th January is $84.61.

Despite the immediate fall that TKO experienced in the market because of McMahon’s sudden resignation, Johnson’s presence as a board member seemed to have helped the company to not go completely down.

Since we have talked so much about Dwayne Johnson’s presence on the TKO board of directors, you may be wondering about what post he holds in the promotion. Fortunately, we already have the information as to what role Johnson exactly serves in the company.

Dwayne Johnson’s role in TKO

Despite being a performer in WWE, “The People’s Champion” is now also a part of the upper manager of the promotion. Nick Khan, the CEO of WWE is responsible for hiring and firing of employees. On the other hand, Triple H takes care of the talent and creatives. However, DJ’s job is to be a part of the team that supervises all of these functions.

READ MORE:- Dwayne Johnson Turned the Tables on Triple H, Becoming His Overseer

In this way, Johnson’s role is extremely crucial in the team. Moreover, he has flipped the table on his own former boss, Triple H.

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Do you think that TKO’s future in the stock market is secure? Or does the company need to strategize something?