“He’s buying AEW,” WWE Universe reacts to Vince McMahon selling another $100 million TKO stock

Vince McMahon now owns 7% of the total TKO stock after selling approximately $100 million worth of stock on March 28.

“He’s buying AEW,” WWE Universe reacts to Vince McMahon selling another $100 million TKO stock

Vince McMahon (via Wrestling News)

Former TKO Chairman Vince McMahon was accused of s*xual harassment and trafficking, according to the lawsuit filed by former WWE employee Janel Grant. He recently resigned from the position of TKO Chairman and even sold $411 million worth of shares of his TKO stock. Now, according to a new SEC filing, he has sold roughly another $100 million. 

According to the March 28 filing, Vince McMahon has sold another class A stock of 3.484 million shares worth approximately $100 million. A few weeks ago, he had also sold 5 million shares on March 4, worth approximately $411 million. The transaction was made over 15 business days, spanning from March 5 to March 25. 

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It came to light that the 78-year-old received roughly $100 million from the bank upon physical settlement. Interestingly, McMahon has sold a portion of the stock for the third time in the last five months. As of now, he still has 11.5 million shares in the company, which implies that he still owns approximately 7% of TKO shares.

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It is still unknown to fans what Vince is planning to do with the amount he received after he sold approximately 16.8 million shares over five months. There was a firm statement from his side that he would vigorously defend all the allegations made by Janel Grant. Only time will tell what the future holds for Vince as he delves more and more into controversies. 

Fans react to Vince McMahon selling more TKO shares worth millions

As the news of Vince McMahon selling another 3.4 million shares surfaced online, many fans started speculating what could be the reason behind this. They came up with many wild assumptions on social media.

Dana White, Vince McMahon, and Ari Emanuel
Dana White, Vince McMahon, and Ari Emanuel (via HausofWrestling)

One fan said that the 78-year-old might be planning to buy AEW, with all the money he received from the sold shares. However, other fans countered him and said it wouldn’t be possible for Vince to buy Tony Khan‘s company.

One user was quite angry and frustrated by the fact that, despite being accused of heinous allegations, he was still getting money. While other fans said, regardless of the allegations, he did own the shares, and there was nothing wrong with selling them. Overall, there were pretty mixed reactions from fans. Here are some of the top reactions: 

Things have looked very grim for Vince McMahon of late. With loads of allegations haunting the 78-year-old, it will be interesting to see how he bounces back.

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