Vince McMahon Reportedly Sold $700 Million of TKO Stocks to Fund Sexual Harassment Lawsuit Legal Battle

Former WWE chairman Vince McMahon

Updated on Feb 16, 2024  |  11:56 AM IST |  149.8K
Image Courtesy : WWE photo gallery
Image Courtesy : WWE photo gallery

Trigger Warning: The content below mentions sexual trafficking, rape and suicide

On January 25th, 2024 information was released that a former WWE employee by the name of Ms.Janel Grant had filed a sexual harassment and trafficking lawsuit against former WWE chairman Vince McMahon, WWE, and former WWE top executive John Laurinaitis.

Ms.Janel Grant revealed some shocking information in her filed lawsuit document of 67 pages. She told Vince McMahon that she was romantically involved when they met in 2019. McMahon offered her a job in WWE.

She soon realizes McMahon is using her according to her Vince McMahon to force her to sleep with other men in the company. McMahon even forced her to sleep with John Laurinaitis. She even revealed McMahon asked her to send personalized se*ual content to WWE superstar Brock Lesnar. 

ALSO READ: Late Ashley Massaro Accused Vince McMahon of Preying on Female Wrestlers, Unreleased Statement Says He Called Her to His Hotel Room

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Vince McMahon even shared her number with Brock Lesnar. According to Ms.Grant McMahon told her a “Playdate” with her is a part of Lesnar’s contract.

Vince McMahon has now resigned from all of his duties and involvement in TKO Group (The parent company of WWE). McMahon was serving as the executive chairman of TKO Group.

A recent report suggests McMahon has allegedly sold major shares in TKO to fund his lawsuit.

“Former Chairman & former CEO of TKO Group Holdings and WWE Mr McMahon sold $700 million of stock in TKO Group to self-fund court fees due to ongoing legal battle in the se*ual allegations against Janel Grant.” A recent report suggested. 

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ALSO READ: Vince McMahon viral meme: What was the WWE founder actually crying about?

Image Courtesy : WWE

TKO Group erasing Vince McMahon and Brock Lesnar from WWE 

Vince McMahon resigned from TKO Group and said he has no involvement in WWE and TKO Group anymore. On the other hand, Brock Lesnar was also removed from the Royal Rumble and other WWE events.

Some previous reports expressed, that Ari Emanuel CEO of TKO Group wants no risk when it comes to his business he wants Vince McMahon to be erased from WWE forever and he doesn’t want to associate his name with him or his case. Vince McMahon’s name official WWE page was also removed from WWE’s official site.

Brock Lesnar was the other big that was named in the lawsuit. According to rumors, there were some major plans for Lesnar and he was supposed to make WWE return at Royal Rumble 2024. Lesnar was also supposed to wrestle at WrestleMania 40.

Image Courtesy : WWE

WWE scrapped all major plans for Brock Lesnar after his involvement in Vince McMahon's lawsuit was discovered.

According to the report, TKO Group is going to erase anyone involved in Vince McMahon it doesn’t matter how big a name they are in the industry.

Even the Brands that own Brock Lesnar’s license are re-working on not using Lesnar’s name recently Lesnar was removed from the WWE 2K24 cover and showcase.

Disclaimer: If you know someone who is having suicidal thoughts, anxiety, going through depression, or is suffering from a serious mental illness, reach out to a nearby doctor, mental health expert, or an NGO for immediate help.​ There are several helplines available for the same.

ALSO READ: Major Update On If Brock Lesnar Will Ever Make WWE Return After Alleged Involvement In Vince McMahon Scandal

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