Vince McMahon Sells $412 Million of WWE Parent Company TKO Stock Amid Sexual Assault Allegations

The sale follows McMahon's resignation from TKO's board after a lawsuit accused him of sexual abuse and trafficking.

Vince McMahon sold 5.35 million shares of TKO Group, netting over $400 million.
The sale reduces McMahon's stake in TKO to about 15 million shares, following his resignation amid sexual assault allegations.
Former WWE employee Janel Grant's lawsuit accuses McMahon of sexual abuse and trafficking, leading to his resignation.
McMahon denies the allegations, vowing to defend himself and clear his name.
The scandal has prompted WWE to sever ties with McMahon, removing all mentions of him from programming.