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Vince McMahon is still a shareholder in TKO Group, which encompasses WWE and UFC. However, there is speculation that his name may soon be completely detached from the company.
In a recent filing made public, it was revealed that McMahon’s remaining 8,021,405 shares are now up for sale. It is important to note that this doesn’t necessarily mean that all the shares will be sold immediately. Additionally, WWE President Nick Khan and TKO Board member Steve Koonin have also registered some of their shares for sale – 234,424 shares and 3,508 shares respectively.
The decision to register these shares for sale could potentially result in McMahon, Khan, and Koonin securing a better deal and encountering less administrative red tape. McMahon’s shares represent approximately 4.7% of TKO’s total shares. Previously, when McMahon owned more than 5% of the shares, his transactions had to be publicly disclosed. The current market value of McMahon’s remaining shares sits at $786 million, with TKO’s stock closing at $98 per share.
It will be interesting to see how these developments play out and how they may impact the future of TKO Group. With McMahon’s potential departure from the company’s name and the sale of shares by key figures, the landscape of TKO Group could see some significant changes in the near future.
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