The status of Vince McMahon has been questioned in the latest WWE earnings call.
On February 27th, TKO revealed their full financials for the past year. The filing states that the company earned $1.7 billion in revenue, an increase of 47% compared to the previous year. This is the first full year of earnings since both WWE and UFC merged and became under the ownership of Endeavor.
During the call, Vince McMahon was discussed. This was the first earnings call since Vince McMahon was accused of sex trafficking and multiple counts of sexual assault by former WWE employee Janel Grant. Although McMahon resigned from his position as WWE Executive Chairman of the Board and a member of the TKO Board of Directors, McMahon still has a significant amount of stock, meaning that he has a significant amount of voting power despite the abhorrent accusations.
Speaking on the earnings call, TKO President Mark Shapiro commented on McMahon’s ownership of stock and how it will affect the company moving forward:
“Obviously, we’re talking about Vince McMahon, specifically, in terms of cashing stock. He still holds, I believe, 20 million shares. It’s all registered. He’ll do whatever he is going to do and we’re on the sidelines, we’ll have a look, we’ll see, we have no idea on timing. We’re not having a discussion with him. He’s given us no point of view on his motive or if he plans to sell or not sell or if he does, how much. We’re going to wait around and find out, just like you,”
What Is The Latest On The Vince McMahon Allegations?
WWE have done all they can to erase McMahon from history, removing him from video packages and wiping all profiles from WWE and TKO websites. Although top WWE stars have commented on McMahon in media interviews, the update from WWE themselves was announced by an SEC filing.
Vince McMahon remains under federal investigation at the time of writing.
H/t to Fightful.
Featured image: WWE
