Vince McMahon is out. On Friday, WWE president Nick Khan informed employees about Vince McMahon’s resignation from his positions as TKO Executive Chairman and on the TKO Board of Directors. This development severs McMahon’s ties with TKO Group Holdings, the merged company with the UFC and WWE, and marks the end of his association with the company.
McMahon’s resignation follows a lawsuit filed by former WWE employee Janel Grant against McMahon, John Lauranaitis (former head of talent relations at WWE), and WWE, containing disturbing allegations such as sexual abuse, sexual assault, and sex trafficking.
In a statement, McMahon reiterated his innocence regarding the lawsuit but chose to step down from his role at TKO, where he remains one of the largest single shareholders. He expressed his commitment to vigorously defending himself against the baseless accusations and clearing his name.
McMahon stated that his decision to resign is out of respect for the WWE Universe, TKO business, its board members and shareholders, partners, constituents, and all the employees and Superstars who contributed to making WWE a global leader.
McMahon’s departure from TKO comes less than a year after WWE was taken over by Endeavor and merged with the UFC. Endeavor CEO Ari Emanuel, who holds the same role in TKO, remains in control of the entire company. While TKO did not terminate McMahon, his resignation swiftly followed the filing of the lawsuit.
McMahon had previously retired from WWE in 2022 amid allegations of hush money payments during a sexual misconduct investigation but returned to the company six months later after it was sold to Endeavor. The relationship between McMahon and TKO lasted only nine months, concluding with the recent legal issues and resignation.