In what might be the wrestling world’s most electrifying tag team maneuver yet, Vince McMahon and WWE President Nick Khan have decided to throw in the towel—or rather, their stocks—putting all their remaining shares of TKO up for grabs. As of April 13, 2024, McMahon is set to offload a whopping 8,021,405 shares, while Khan is tossing his hat into the ring with another 234,424. Together, they’re unleashing over eight million shares into the wild, making this one of the biggest stock smackdowns in wrestling history!
Vince McMahon, the mastermind who turned WWE into a global powerhouse since commandeering it from his father in 1982, is severing all ties with the empire he built. This move comes after McMahon stepped down from the WWE and TKO board in January 2024, amidst a whirlwind of controversy involving lawsuits alleging all sorts of unsavory shenanigans. It seems Vince is ready to drop the mic on his wrestling career with a billion-dollar exit.
Meanwhile, Nick Khan isn’t just selling out; he’s selling everything! Despite this total stock selloff, Khan plans to stick around in the ring, maintaining his role within TKO. A source spilled the beans to Sportico, noting that despite the big sell-off, it’s business as usual for Khan. But let’s be real, in the theatrical world of wrestling, who can resist a dramatic exit?
So, folks, grab your popcorn and keep your eyes on the market—these stocks are about to be as hot as a WrestleMania main event. And for McMahon, this final sale might just be his grandest entrance into retirement, or should we say, his most spectacular retreat from the ring!