Vince McMahon is the man who bought WWE from his father and turned it into a global phenomenon. He was the face of sports entertainment, with his larger-than-life storylines and unforgettable rivalries. In a way, he shaped the childhood of millions and built an empire worth billions.
But behind the theatrics, he is not just known for his game-changing business moves but also his disturbing controversy. Amidst all his legal troubles, he’s managed to pocket a jaw-dropping figure. So let’s look at what exactly McMahon did, the lawsuit, allegations, and updates.
Vince McMahon’s $250 million payday
Vince McMahon played a move that stunned longtime WWE insiders and everyone who’s been following his case. As per reports, he recently sold 1.579 million shares of TKO Group Holdings to Endeavor Group Holdings for a staggering $250 million (via RadarOnline). The SEC filing shows that he made $158.32 per share.
The timing of his move is impossible to ignore, as he did this amidst an explosive lawsuit filed by Janel Grant, a former WWE employee who has accused McMahon and another ex-executive named John Laurinaitis of s*xual abuse, s*x trafficking, and coercion which allegedly took place during her tenure in the company from 2019 to 2022.
The growing storm of controversy led to McMahon resigning from TKO’s board in 2024. According to Grant, he used WWE resources to abuse and traffic Grant, and she was forced into signing a $3 million NDA after enduring repeated assault. However, McMahon allegedly failed to deliver the full amount, which nullified their agreement.
But the most graphic accusations suggest that McMahon used s*x toys named after WWE superstars, claims of defecation, and forceful acts. However, he has strongly denied all these claims, but the accusations, alongside his financial moves, have fueled public outrage.
Ongoing legal fallout of WWE’s Vince McMahon
John Laurinaitis has agreed to a confidential settlement with Janel Grant and announced that he will now support her to pursue a case against Vince McMahon and WWE. While the accused is no longer on the TKO board, his $250 million cash in suggests that he can still make power moves amidst serious legal challenges.
Moreover, he stepped down as WWE’s CEO in 2022 after an internal misconduct investigation and then returned briefly to negotiate the merging of WWE with UFC. Grant’s lawsuit didn’t just target McMahon but the whole organization and alleged that it supports systemic abuse that is carried out within WWE offices with its own funding.
Whether the courts will find him guilty or not is yet to be seen, but the damage to his reputation is undeniable. And it’s now time for the wrestling world to decide what kind of future it wants, one with McMahon at the helm, or one without him?
This post belongs to FandomWire and first appeared on FandomWire
