The ties continue to weaken. There have been all kinds of changes in the wrestling world this year but the biggest of them all has been Vince McMahon resigning from WWE following a string of allegations. That leaves McMahon and his blood family out of authority in WWE for the first time in decades. However, McMahon is not completely gone, though now that story has changed a bit more.
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According to a filing with the SEC, McMahon is selling 5.35 million shares of TKO stock, which is worth $411.95 million as listed in the filing. This leaves McMahon with approximately 15 million shares of stock in the company. There is no word on why McMahon has sold this much stock or whether he plans on using his remaining shares to do anything with WWE.
This is something that happens in WWE. Check out some WWE sales:
Opinion: This is the latest sign that McMahon is getting away from the company altogether and that makes things feel so much different. McMahon is one of the most important names in the history of wrestling and now it seems more and more likely that he is just gone. That’s one of those things that is hard to imagine yet here we are, as the new reality of wrestling is just setting in.
What does this mean for McMahon? Will he ever be back in WWE? Let us know in the comments below.
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You can find more from Thomas Hall at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.
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