Vince McMahon, the executive chairman of TKO, the parent company of WWE, has stepped down from his position amidst troubling accusations of sexual assault, trafficking, and physical abuse, CNN reported.
A lawsuit has been filed by Janel Grant, a former WWE employee who worked at the company’s headquarters. Despite denying the allegations and expressing his readiness to defend himself in court, McMahon announced his resignation in a statement released on Friday.
“Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately,”
McMahon said in a statement.
Since 2022, there have been ongoing reports about McMahon paying settlements to multiple women. However, a recent lawsuit filed by Grant has brought new details to light. According to the lawsuit, McMahon offered Grant job opportunities within WWE and other promotions in exchange for sexual favors. Additionally, McMahon is accused of trafficking her to other men, both within and outside the company.
The lawsuit further accuses McMahon of subjecting Grant to acts of
“extreme cruelty and degradation”
during her time at WWE. In response to the allegations, TKO, addressed his job status. In an email to staff, WWE President Nick Khan stated
“He [McMahon] will no longer have a role with TKO Group Holdings or WWE.”
#Clique, what are your thoughts?
