Last October, Ari Emanuel, the CEO of TKO Group Holdings, gave WWE creative control to Paul “Triple H” Levesque. Emanuel stated that Vince McMahon was partially responsible for the TKO stock fall.
Last month, McMahon sold 30% of his TKO stock and earned net proceeds of $641,844,000. Many thought McMahon was planning to leave the company.
Justin Barrasso of Sports Illustrated reported that Vince McMahon has no intention of leaving TKO. Barrasso stated that “McMahon needed to have the money liquid,” which was why he sold 8.4 million shares in November. The reason wasn’t disclosed.
Barrasso added that McMahon still wields power in TKO and has no plans to retire, despite Triple H taking control of the product. He also noted that “the focus for McMahon is handling the items assigned to him by Endeavor CEO Ari Emanuel.” Barrasso further stated that the business relationship between McMahon and Emanuel remains positive.