Vince McMahon is out at WWE.
The wrestling legend handed in his resignation as government chairman of TKO, the corporate that owns WWE… only a day after a former WWE staffer filed an explosive lawsuit alleging McMahon repeatedly sexually assaulted her.
The 78-year-old McMahon launched an announcement reiterating his innocence concerning the troubling allegations, however he would step down as a result of it’s the finest transfer for the wrestling promotion he constructed a long time in the past.
“Out of respect for the WWE Universe, the extraordinary TKO Firm and its board members and shareholders, companions and constituents, and all the workers and Superstars who’ve helped make WWE the worldwide chief it’s in the present day, I’ve determined to resign from my perform. government chairmanship and the board of administrators of TKO, with speedy impact.”
McMahon didn't run the day-to-day operations for WWE…however nonetheless performed a distinguished function inside TKO. TKO Group Holdings has owned WWE since its buy in 2023.
Present WWE President Nick Khan introduced the information to his workers late Friday by sending an electronic mail to staffers.
“[Vince McMahon] has resigned as government chairman of TKO and from the TKO board of administrators. He’ll now not have a task with TKO Group Holdings or WWE,” Khan wrote.
The large uproar comes after a federal lawsuit was filed in Connecticut on Thursday Janel Grant …the place she claimed she was subjected to degrading sexual acts by Vince.
Amid the allegations, Grant accused McMahon of defecating on her throughout a threesome in 2020.
She says the state of affairs made her “depressing and livid,” though she didn’t go away as a result of “she knew from her years of expertise with McMahon that her requests to give up would at finest be ignored or at worst used to get her destroy profession and fame. “
Finally, Grant claimed that McMahon distanced himself from his spouse in early 2022 Linda McMahon grew to become conscious of their alleged relationship.
Someday afterward, in accordance with Grant, McMahon agreed to pay her $3 million in trade for signing a nondisclosure settlement, however she says he didn't pay the total quantity.
McMahon has claimed that the allegations within the lawsuit are baseless, calling the lawsuit “filled with lies, obscene fabricated examples that by no means occurred, and is a vindictive distortion of the reality.”
Former WWE government John Laurinaitis was additionally named within the lawsuit.
Growing story…
