– Vince McMahon Cuts W.W.E. Ties
– Vince McMahon Sex Trafficking Accusation.
Vince McMahon Resigns from Board of WWE’s Parent Company Amid Sexual Assault Allegations
Vince McMahon, the longtime chairman and former chief executive of World Wrestling Entertainment (WWE), has resigned from the board of TKO Group, the parent company of WWE. This comes after a former employee accused McMahon of sexual assault and trafficking in a federal lawsuit.
The lawsuit, filed in U.S. District Court in Connecticut, alleges that McMahon trafficked the employee, Janel Grant, and subjected her to physical and emotional abuse. The complaint also implicates John Laurinatis, a WWE executive, and the company itself as defendants.
McMahon’s Departure from TKO Group and WWE
McMahon, who held the position of executive chairman at TKO Group, will no longer have a role with the company. This decision was communicated to WWE employees through an email sent by Nick Kahn, the company’s president.
“He will no longer have a role with TKO Group Holdings or WWE,” wrote Kahn in the email, which was obtained by The New York Times.
The Allegations and McMahon’s Response
The lawsuit alleges that McMahon and Laurinatis took turns raping Grant, among other disturbing accusations. It further claims that McMahon pressured Grant into signing a nondisclosure agreement in exchange for $3 million but only paid her $1 million.
In response to the allegations, McMahon released a statement referring to the lawsuit as a “vindictive distortion of the truth.” He expressed his intention to clear his name but decided to resign “out of respect” for TKO Group, WWE, their employees, and wrestlers.
A History of Accusations
This is not the first time McMahon has faced allegations of sexual misconduct. In 2022, a special committee of WWE’s board conducted an investigation into his conduct and discovered that he had made $14.6 million in payments to women who had accused him of sexual misconduct over a period of 16 years. Another company investigation revealed an additional $5 million in payments to two different women.
As a result of the investigation, McMahon temporarily resigned from WWE but remained the company’s largest shareholder. In 2023, he returned to chair the board and initiated a sale process that led to the acquisition of WWE by sports and entertainment conglomerate Endeavor. The merger of WWE and another Endeavor holding, the mixed martial arts promotional company Ultimate Fighting Championships, formed a new public company called TKO Group.
Continuing Developments
This story is still unfolding, and updates will be provided as more information becomes available. It is important to stay informed about the progress of this case and any related developments.
This is a developing story. Check back for updates.
Final Words
The resignation of Vince McMahon from the board of TKO Group and WWE’s parent company amid sexual assault allegations marks a significant moment in the ongoing legal battle. As the case progresses, it remains to be seen how this will impact the future of WWE and the reputation of its former chairman..
– Vince McMahon cuts WWE ties after sex trafficking accusation
– Vince McMahon severs WWE connection over sex trafficking allegation.
