Vince McMahon severs final ties with WWE by listing his final TKO shares, ending his 50+ year association

Vince McMahon and WWE are named as co-defendants in the trafficking lawsuit filed by Janel Grant.

Vince McMahon severs final ties with WWE by listing his final TKO shares, ending his 50+ year association

Ex-WWE Chairman Vince McMahon [via- WWE]

Vince McMahon resigned from his position as TKO chairman in January. The founder of WWE left the promotion after a former employee, Janel Grant, filed a s*xual trafficking lawsuit against him. Since then, McMahon has begun selling his shares of the Endeavor-owned company. Now, a new update suggests that the 78-year-old is officially done with WWE.

According to a SEC filing, McMahon has listed the remainder of his shares for sale. This would mark the end of his association with the Stamford-based promotion. McMahon has already sold $1.3 billion worth of his TKO shares. While the process may have been sped up due to allegations, the former chairman had already listed his intention to sell all of his shares after the WWE-UFC merger in September.

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As to what Vince McMahon has been up to since his resignation, a recent report shed light on his status. Sources close to the former boss claim that he’s been relaxed amid the ongoing lawsuit. In addition to that, he has been speaking regularly with former US President Donald Trump. However, McMahon hasn’t spoken to anyone in WWE regarding company matters.

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Grant’s lawyer responded to claims that John Cena and The Rock were still in contact with Vince. She expressed her disappointment and lambasted both stars for maintaining relations despite the heinous allegations against him. Speaking of the lawsuit, McMahon recently filed his official response and accused Grant of also having an affair. More importantly, he denied the accusations against him and affirmed that it was a consensual relationship.

Will Vince McMahon form his own wrestling company?

As Vince McMahon prepares to completely disassociate himself from WWE, there has been speculation on what’s next for the billionaire. The most prominent rumor online is that McMahon might be thinking of starting another wrestling promotion in the future. However, Dave Meltzer of WON provided an update regarding his future.

Vince McMahon
Vince McMahon (via Wrestling News)

According to the report, McMahon is indeed looking to invest in new business opportunities. Obviously, he would first have to clear his name from the trafficking lawsuit. As for the possibility of forming a wrestling company, the 78-year-old is not on board with the idea.

Sources claim that he is not willing to take the risk of competing against the promotion he founded. Having said that, only time will tell how the future of the former chairman unfolds. His primary focus at the moment is defending his name and legacy amid the allegations leveled against him.

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