Eric Bischoff believes that TKO has done a fantastic job distancing themselves from Vince McMahon following his resignation in January 2024.
McMahon stepped down from TKO/WWE following allegations of sexual abuse and trafficking by Janel Grant. McMahon has denied all allegations.
On a recent edition of his “Strictly Business” podcast, Bischoff spoke about TKO’s efforts to make it clear that McMahon is gone and that he will not be returning. He said,
“I think TKO has done a great job, they’ve had to, given the litigation and everything that’s at risk, of distancing itself from Vince McMahon and other than that 12% voting stock, which could potentially in a very unique situation matter.”
Speaking about the remaining shares McMahon has in TKO, Bischoff speculated on what will become of them. He said,
“In combination with other voting shares [who] may vote along the same lines as what Vince may want to vote on? Then it could become meaningful if it’s a close vote.
Vince will eventually cash out or his family will inherit his shares upon death. I don’t think Vince’s relationship with TKO, vis-à-vis his 12%, is really gonna matter. Technically it could, but practically I don’t think it’ll ever matter.”
This week, McMahon reportedly sold around $400 million worth of his stock in TKO, in a move that didn’t involve TKO’s involvement, according to COO Mark Shapiro.
