Disgraced WWE co-founder Vince McMahon reaped a $400 million payday after selling more than 5 million of his shares in WWE parent company TKO Group Holdings, according to a regulatory filing.
Securities and Exchange Commission filings revealed that McMahon unloaded 5.33 million Class A shares in TKO on Monday, just a quarter of his stake in the company, which owns WWE and UFC.
The deal netted McMahon $412 million, according to the filing.
After the sale, McMahon still owns 15 million shares, or about 9 percent, of TKO's stock, according to regulatory filings previously reported by the Daily mail.
Representatives for TKO did not immediately respond to The Post's request for comment.
McMahon could not be reached for comment.
The stock sale comes weeks after McMahon's high-profile resignation as executive chairman of TKO following sex trafficking allegations detailed in an explosive lawsuit filed by former WWE employee Janel Grant.
Grant alleged he defecated on her during a threesome, trafficked her to other WWE executives and sexually assaulted her with sex toys he named after stars of the struggle.
Grant, 43, who previously worked at WWE legal and talent management departmentssaid she signed an NDA and accepted $1 million from McMahon, 78, to keep things secret.
His former boss allegedly promised him a job at the company after his parents died, but Grant claimed this involved having a sexual relationship with him, which continued until January 2022.
The lawsuit also alleges that McMahon texted Grant in 2020: “I'm the only one who owns U and controls who I want to fuck.” »
Following the explosive lawsuit – which also named former WWE general manager John Laurinaitis – McMahon resigned from his position.
Still, McMahon's spokesperson insisted that Grant's complaint was “filled with lies, made-up lewd instances that never happened and constitutes a vindictive distortion of the truth,” he said. said in a statement at the time.
“I intend to vigorously defend myself against these baseless accusations and look forward to clearing my name,” the rep added, emphasizing that McMahon was only leaving the company “out of respect” for the company and its shareholders.
As TKO struggled to deal with the aftermath of McMahon's unceremonious departure, more sexual assault allegations against the executive came to light.
WWE star Ashley Massaro, who took her own life in 2019, gave a statement to her lawyers before her death – which had not been previously reported, but obtained by VICE News last month — it claimed McMahon propositioned him for sex.
Massaro accused the disgraced wrestling mogul and other WWE executives of covering up her alleged rape on a military base in Kuwait during a 2006 tour.
At the time, McMahon was working as the CEO of WWE. He left that job in July 2022 – when it was first revealed that WWE was investigating payments made to several unidentified women who had alleged sexual misconduct.
WWE formed a “special committee” to look into the allegations against McMahon that year, but the investigation was concluded in November and “resolved without any finding of wrongdoing.”
This time around, McMahon would face a federal investigation into Grant's allegations against him.