After Merging WWE Into TKO, Vince McMahon Takes Another Unprecedented Move

Earlier this year WWE took a massive revolutionary step in merging with UFC as part of a deal with Endeavor Group. Now, the two sports and entertainment juggernauts have been operating under their parent TKO Group Holdings.

While the deal served WWE and Vince McMahon pretty well in terms of giving adequate shares, now it looks like the former CEO of WWE is cashing out a large part of it.

Vince Mcmahon is on the verge of putting his TKO shares up for sale

TKO revealed in a release that McMahon intends to sell 8.4 million of his shares, worth about $700 million. He clinched more than 28 million shares as of August.

Now, his impending move quite obviously invites a lot of eyeballs from several executives who have been trying to buy a part of it lately.

Read more:

Vince McMahon Makes a Blunder as He Mistakenly Expresses Excitement for “Crown Prince” Over WWE Crown Jewel in Saudi Arabia

Now, let’s delve into the key background of the incident to get a clearer perspective.

Peeping through the immediate background of Vince McMahon proceeding to sell his TKO shares

Vince McMahon was ousted from the helm of the company last year. It initially saw people elated to finally be able to get rid of the autocracy McMahon’s era of wrestling until the notorious CEO made a huge comeback in January through a controlling stake. It was reported that McMahon returned to his position to instigate the company’s long-planned sale. He succeeded in his mission as the phenomenal WWE-UFC merger has been settled in a $21.4 deal, shortly afterward. With this, McMahon became TKO’s executive chairman with an elevated pay scale. It estimated around a base salary of $1.2 million a year, with total bonuses of around $2.1 million and stock grants worth $4.3 million per annum.

But eventually, he fell from the good grace of the TKO group due to his controversial past records and Ari Emmanuel’s ever-expanding inclination to deem him responsible for the company’s recent failing stakes.

So, does this abrupt step anyhow indicate the last nail of McMahon’s tenure in his family business? Only time will tell us the answer.

Watch the story: Vince Mcmahon Or Triple H Who Had A Greater Impact On Revolutionizing Women’s Wrestling In WWE

What’s your take on Vince McMahon proceeding toward selling a large part of his TKO shares?