Vince McMahon has been gone from the WWE for quite some time now. He no longer has any authority or power left in the company or in TKO, but he does still own a few shares in the TKO group.
According to a new filing that was recently published, McMahon’s remaining 8,021,405 shares with TKO have now been registered for sale, although WrestleNomics points out that this doesn’t mean they are sold yet, nor does it mean that they will all be sold immediately.
WrestleNomics reports that registering the shares for sale might allow McMahon to get a better deal and he could end up having less administrative friction.
The numbers for McMahon add up to about 4.7% of TKO’s total shares. When McMahon held more than 5%, his transactions had to be reported publicly. The market value of McMahon’s remaining shares is $786 million, with TKO’s stock closing at $98 per share.
WWE President Nick Khan’s 234,424 shares and TKO Board member Steve Koonin’s 3,508 shares have also been registered for sale.
