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Vince McMahon Resigns from TKO Group Holdings Amid Sexual Assault Lawsuit

Former WWE employee Janel Grant alleges 'physical and emotional abuse, sexual assault and trafficking' during her time at the company. McMahon denies the allegations and plans to defend himself in court.

NEW YORK, NEW YORK - JANUARY 23: TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne "The Rock" Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City. (Photo by Michelle Farsi/Zuffa LLC)
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Vince McMahon announced his resignation Friday night.
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Overview

  • Vince McMahon, founder and former chairman of WWE, has resigned from his positions within TKO Group Holdings, the parent company of WWE and UFC, following a lawsuit filed by former WWE employee Janel Grant.
  • Grant alleges that she experienced 'physical and emotional abuse, sexual assault and trafficking' while working at the company. She claims that McMahon coerced her into a sexual relationship under the promise of employment, and that he shared explicit photos and videos of her with other men.
  • McMahon has denied the allegations, calling them 'lies' and 'a vindictive distortion of the truth.' He plans to defend himself in court.
  • The lawsuit could potentially impact UFC, which is also a division of TKO Group Holdings. Some speculate that the association with WWE and McMahon's misconduct could damage UFC's reputation.
  • McMahon's resignation comes amid an ongoing investigation into his conduct and alleged hush money payments. He had previously stepped down as chairman and CEO of WWE in 2022 amid similar allegations.