When talking to a technology, media and telecommunications conference in San Francisco, hosted today (March 6) by Wall Street firm Morgan Stanley, TKO Chairman Mark Shapiro once again reminded investors that Vince McMahon is no longer involved in any way with the company mother of WWE. McMahon resigned from all roles at TKO and WWE after being accused of sexual abuse and manipulation in a trial filed by Janel Grant, a former WWE employee, in late January.
Shapiro raised McMahon sells more than $400 million in TKO stock earlier this week to highlight that their former executive chairman is gone for good:
“We were not involved in the recent sale… We are not in conversation with him. We don't know his motivations, his plans or his timeline. He does not work for the company, does not come to the office and does not return to the company. And that's where we sit.
During TKO Investor Call Last week, Shapiro said the company had not been in contact with McMahon about his stake in the company. This statement goes a step further by making it clear that they have no plans to re-engage with McMahon even though he still owns approximately 8.5% of all TKO stock following this stock sale. week and one bigger last November.