US President and WWE Hall of Famer Donald Trump previously purchased shares in TKO Holdings.
As reported by HuffPost on May 29, Trump acquired between $15,001 and $50,000 of stock of TKO Group Holdings, per a review of the President’s May 12 financial disclosure filing.
TKO Group Holdings is the parent company of WWE and UFC. The update comes as a UFC event is set to take place on the White House South Lawn in June. Jordan Libowitz of the Citizens for Responsibility and Ethics in Washington stated that the purchasing of stock creates a major conflict of interest given the upcoming event:
“Using the White House to promote a company whose stock you bought while promoting it is one of the worst conflicts of interest you could imagine. The agenda of this administration seems to start and stop with how to make Donald Trump richer.”
The show is set to take place on June 14, which is also Trump’s birthday.
The White House did not respond to HuffPost regarding the report. Previously, White House officials have stated that Trump does not decide what stocks to buy and sell personally, as those decisions are handled by financial advisers.
Donald Trump Purchased TKO Stock As Links With WWE Continue
A lifelong pro wrestling fan, Trump has been more affiliated with UFC and WWE during his second term compared to his first. WWE Chief Content Officer Paul Levesque [Triple H], has made multiple visits to The White House and is a member of the President’s Council on Sports, Fitness and Nutrition. Linda McMahon is a member of the Trump administration and serves as the U.S. Secretary of Education.
