Former WWE Chairman Vince McMahon is in the process of selling his remaining shares in TKO and WWE according to a new stock prospectus filed on Friday, April 26.
In the new filing it was confirmed that McMahon’s remaining 8,021,405 shares are now available, and if sold would effectively end McMahon’s association with WWE.
Interestingly as well as McMahon”s shares, a further 234,424 belonging to WWE President Nick Khan’ and 3,508 shares belonging to TKO board member Steve Koonin are also registered.
Although the shares are listed for sale there is no guarantee they will be sold, however, in McMahon’s case the 78-year-old has been shifting his stock in large quantities as of late.
You can see the full filing at this link.
There is currently no timeline on the sale of these shares, but we will be sure to provide an update as/when it becomes available.
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