6 months ago
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IMG Credit: CNBCThe ties continue to weaken. There have been all kinds of changes in the wrestling world this year but the biggest of them all has been Vince McMahon resigning from WWE following a string of allegations. That leaves McMahon and his blood family out of authority in WWE for the first time in decades. However, McMahon is not completely gone, though now that story has changed a bit more.
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According to a filing with the SEC, McMahon is selling 5.35 million shares of TKO stock, which is worth $411.95 million as listed in the filing. This leaves McMahon with approximately 15 million shares of stock in the company. There is no word on why McMahon has sold this much stock or whether he plans on using his remaining shares to do anything with WWE.
This is something that happens in WWE. Check out some WWE sales:
