Hold onto your hats, folks, because former WWE bigwig Vince McMahon is making headlines once again, and this time it’s all about those stock sales! McMahon’s been on a roll lately, and it looks like he’s not stopping anytime soon.
According to the latest scoop from the SEC, McMahon’s been busy unloading shares left and right, to the tune of a whopping $300 million. That’s right, he’s waving goodbye to his TKO stock, selling off chunks to both TKO and Endeavor. Talk about making moves!
But here’s where it gets interesting, folks—after this latest round of sales, McMahon’s ownership in TKO has dwindled down to a mere 4.7%. Yep, you heard that right! With just over 8 million shares left in his pocket, McMahon’s really shaking things up in the stock market.
And let’s not forget, this ain’t McMahon’s first rodeo when it comes to selling off TKO stock. Oh no, he’s been at it since last year, raking in a jaw-dropping $1.5 billion in the process. Now that’s what I call a stock market maverick!
But hey, here’s the real kicker—despite his hefty stock sales, there’s no turning back to WWE for McMahon. Nope, the writing’s on the wall, folks! With the promotion distancing itself faster than you can say “slam dunk,” it looks like McMahon’s days in the WWE limelight are well and truly over.
So, as we bid adieu to the stock market shenanigans of one Vince McMahon, let’s raise a glass to the next chapter, shall we?