TKO President Officially Confirms Vince McMahon's WWE Status

Vince McMahon "is not coming back" to World Wrestling Entertainment amid serious allegations against him, as well as reports of the disgraced former chairman selling $412 million in its parent company TKO Group Holdings' stock this week, TKO President Mark Shapiro affirmed during a press conference on Wednesday (March 6) via Deadline.com.

Shapiro said TKO "did not participate in the recent sale of Vince McMahon's load that he dropped off" in relation to the sold shares revealed by an SEC filing on Monday (March 4). TKO Group Holdings formed after Endeavor purchased WWE and merged it with the Ultimate Fighting Championship, which it had previously owned, last year.

McMahon, 78, has been under federal investigation for sexual assault and sex trafficking allegations in recent months, sources with knowledge of the situation confirmed to the Wall Street Journal last month. Prosecutors in New York have been in contact with women who made sexual misconduct claims against McMahon prior to a lawsuit being filed by former WWE employee Janel Grant in January.

Federal agents reportedly executed a search warrant for McMahon's phone and a subpoena to acquire documents possessed by him in relation to allegations of “rape, sex trafficking, sexual assault, commercial sex transaction, harassment or discrimination” made by current or former WWE employees was delivered in relation to the probe, the Wall Street Journal reported.

Grant filed a lawsuit filed in the U.S. District Court for the District of Connecticut on January 25 accusing McMahon of forcing a physical relationship in exchange for promised employment, which she claims led to her feeling "trapped in an impossible situation" in which she had to adhere to his demands or face ruin.

“Ms. Grant feared she had everything to lose and faced negative consequences no matter what happened,” the lawsuit states via NBC News.

McMahon and former executive John Laurinaitis were both specifically mentioned in the lawsuit, which alleges "sex trafficking, civil battery, intentional or negligent infliction of emotional distress and negligence."

McMahon officially resigned from his position as executive chairman of TKO, a parent company launched by Endeavor following its purchase of WWE in April 2023 on January 26. In July 2022, the Wall Street Journal, which exclusively reported WWE's investigation a $3 million hush-money settlement paid by McMahon to a woman over an alleged affair, reported that the 76-year-old paid more than $12 million in hush money to four women during the past 16 years in an effort to suppress allegations of sexual misconduct and infidelity.

McMahon, has been married to his wife, Linda -- who served as WWE's president and later CEO from 1980 to 2009 and later as Small Business Administration chief as part of former President Donald Trump's administration from 2017 to 2019 -- since 1966.