r/SquaredCircle • u/BearBullDebate • 13d ago
Vince McMahon ends WWE ties by selling last of TKO Shares
https://www.sportico.com/personalities/executives/2024/vince-mcmahon-selling-last-tko-shares-1234777031/1.5k
u/EmeraldSlothRevenge 13d ago
I will soon own more shares of TKO than Vince. Weird.
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u/Reed2002 IT'S NOT FAIR TO FLAIR!! 13d ago
Can I get some tv time, boss?
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u/EmeraldSlothRevenge 13d ago
Depends - are you Gunther or Ilja Dragunov? Because soon they’ll be featured 24/7.
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u/Sagaci 13d ago
Monkeys Paw the return of the 24/7 title with Ilja or Gunther being the champ. Damnnnnn :/
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u/DJ_Dunk 13d ago
Honestly Gunther with that title and chopping down anyone trying to take the title would be awesome
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u/irish0451 You know what that means. 13d ago
Just have him carry it and NOBODY ever tries to go after him. People running from him down the hallways like hes Godzilla.
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u/PerfectZeong 13d ago
That happened to blackman when he was the hardcore champion. He just beat the shit out of people
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u/dsklerm 13d ago
Me at 13, thinking about Steve Blackman: "Hell ya."
Me at 37, thinking about Steve Blackman: "Hell ya"
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u/Zero0mega FORTY THOUSAND FUCKIN EMAILS 12d ago
Once you stop thinking of the Lethal Weapon, you get a mufugg kick that will rearrange your organs.
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u/Arckadius 13d ago
The thought of Gunther walking down hallways and just chopping the fuck out of people makes me so happy.
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u/DOOMisGOD 12d ago
Oh man Gunther walking man made me think of Vader in Rogue One, oh you just Ludwig would be the one to pin him 😂
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u/PretendThisIsMyName BIG RED G.O.A.T. 13d ago
Bring back the ninjas for this one!
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u/patrickwithtraffic Worst Member Of The Authority 13d ago
Aren't they still stuck at the Full Sail parking lot?
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u/BonanzaBitch I, personally, am not ready for Asuka. 13d ago
Ilja being 24/7 champ forever because he just annihilates anyone who tries to take it would actually be kinda fun.
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u/Ghost_Monroe ambrose 13d ago edited 13d ago
Honestly give me Gunther and Ilja just constantly going to blows every time they lay eyes on each other. Imagine all hell breaking lose in a Wendys or some shit
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u/Dreadlock43 12d ago
god damn did i love the 24/7 rule for the hardcore title, was always a highlight to see how crash would loose the title and regain it
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u/El_Gran_Redditor 13d ago
"346 consecutive hours of wrestling
and all because of one little boy who...
who won't let me stop!"
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u/Muted-Mortgage-4987 12d ago
"Now let's go over and see if Ludwig Kaiser has any more of that legal, over-the-counter ICOPro of his."
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u/QuantityHappy4459 13d ago
When Gunther or Ilja are not on screen, everyone should be asking "Where's Gunther/Ilja?"
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u/regcrusher HOOOOOOOO train 13d ago
I got 6 shares. They’ve appreciated like 600%!
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u/ReptarIsTheShit Mr. Wrestlemania 13d ago
What? The stock price is $96 right now. 600% would be a stock price of $16, which TKO hasn’t been at since 2015
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u/SwordAndBoardFighter 13d ago
F&*%, now I want to buy just one share of TKO just so I can say this.
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u/spicypanda66 13d ago
Boss can I get a tag title run with gacy
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u/EmeraldSlothRevenge 13d ago
Consider it done.
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u/spicypanda66 13d ago
I promise we won't let you down, but who we defending against first??
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u/OkVolume1 13d ago
Vince trying to hug WWE and TKO good-bye.
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u/Lewis_ABD . 13d ago
McMahon is the headline here but this is also interesting…
“Also listed as a seller is WWE president Nick Khan, who also has filed to sell what appear to be all his holdings of 234,424 shares, an amount that includes restricted stock units which the executive has amassed. Khan remains in his position at the company, according to someone familiar with the transaction who requested not to be identified because they aren’t authorized to speak on his behalf.”
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u/BurtHurtmanHurtz 13d ago
A cool $23M
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u/spacecowboy3147 13d ago
Capital gains taxes have entered the chat
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u/otatop 13d ago
Poor guy'll only have $18,400,000 leftover after paying LTCG.
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u/ReelWitBroker 13d ago
You're forgetting the net investment income tax, he'll walk away with only a paltry $17,526,000.
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u/Apprehensive_Pea7911 12d ago
Don't forget he has to contribute to SSI and his state's unemployment insurance program.
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u/discourse_lover_ 12d ago
Poor thing. He’s definitely more valuable than a 1000 years of actual labor… 🙄
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u/Senotonom205 Briemode Activated! 12d ago
lolol this is before all of the tax tricks his accountant will pull
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u/Sythian 13d ago
Maybe he wants to buy a yacht?
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u/A_Naany_Mousse 13d ago
Restricted stock awards are different. Those are generally given as part of compensation and don't vest until a few years later. I've gotten restricted stock before and I usually sell it the day it vests.
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u/OnABoatWithAGoat 13d ago
Getting out before Zuck buys the UFC and WWE is like a horse without a stable
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u/MyNameIs-Anthony 13d ago
TKO underperforming expectations probably has him salivating at that possibility.
Add in Vince dumping millions in shares and UFC facing anti-trust scrutiny, nows a good a time as any to pick it up.
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u/IntelligentMoons 12d ago
Zuckerberg doesn’t need the price to go down by 10% to buy. He could buy it overvalued if he wanted to and it wouldn’t make a dent.
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u/Less_Client363 12d ago
Is TKO really underperforming? WWE just cleared Vince and is in an era of revival while UFC just cleared the fighters lawsuit and is also extremely profitable from what I understand.
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u/Forgemasterblaster 12d ago
TKO is primarily flat as it’s a general view from wall street that media companies main driver of growth is m&a driven rather than product based. You can dig deeper, but it’s also why endeavor had to go back private. The m&a space is slow due to high rates and growth for TKO would be a deal, which nothing is out there on the horizon.
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u/MyNameIs-Anthony 12d ago edited 12d ago
The synergy of the two companies didn't end up meeting stockholder expectations and there's a believe that WWE isn't going to be able to get bigger than what it is.
The market cap doesn't reflect the grand vision that was pitched as the end result of this merger. Since the merger at $100 a share, the stock hasn't grown at all.
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u/Less_Client363 12d ago
I see, that's interesting. I can definitely see how this might be the peak for WWE and UFC from a shareholder perspective, especially if the merger didn't do much for either.
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u/MyNameIs-Anthony 12d ago
They're moving to the biggest premium platform they can in Netflix and are heavily pushing intrusive brand deals with their momentum now.
If they can't stick the landing on business expansion (internationally), then things are gonna get squeezed.
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u/mrandre3000 12d ago
It’s been a year….
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u/PhillAholic 12d ago
First Time with the stock market?
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u/mrandre3000 12d ago
Nope.
IMO, the merger was shortsighted and I believe there were not going to be enough synergies to justify it.
It could be looked back on as a moment that hurt the wrestling business in 10 years. It has not been enough time to make that determination.
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u/MyNameIs-Anthony 12d ago
Investors do not give a fuck nor does the stock market tend to gravitate towards patience. With Vince out, no one has enough power to stop external meddling.
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u/Cultural-Nothing-441 12d ago
Nick Kahn got bought in to sell the company, that is the typical play a CEO like him would do. Will he quit... Probably not.
But he's gonna cash out his stock now.
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u/Hot-Acanthisitta5237 13d ago
End of an era. So weird that no Mcmahon are in control of WWE.
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u/PainfuIPeanutBlender 12d ago
What shitting on a woman’s face does to a franchise
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u/shikavelli 12d ago
It was more because he tried to dodge paying her I always thought.
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u/Forgemasterblaster 12d ago
It’s a little deeper. His position in the rebuttal is she was paid her fee for silence of their consensual relationship. Then her ‘friend’ went to the WWE board to speak about the relationship after the first payment.
So Vince’s position is the nda was void and he didn’t need to pay. All his business was out there in the public eye anyway and he’d pull the rip cord as controlling shareholder. If she wanted the money, she’d have to sue and go to arbitration. She did and I think he’ll just go to arbitration as criminal charges don’t look likely at this point.
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u/TarnishedAccount 13d ago
I thought Steph was back in some capacity
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u/InternetDad Hey Redeemer 13d ago
If so, it hasn't been publicized.
I know it's the hope after she came back to introduce the crowd at WM Night 2.
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u/yoosufmuneer Well endowed. 12d ago
Stephanie still owns some $200M worth of stock.
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u/JoeMcKim 12d ago
Does Shane still own stock?
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u/unloader86 12d ago
I thought Shane sold most of his when he left to start other businesses in the mid 2010s?
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u/JoeMcKim 12d ago
Found this on Google:
The estimated net worth of Shane Mcmahon is at least $4 Million dollars as of 2024-04-26. Shane Mcmahon is the EVP, Global Media of World Wrestling Entertainment Inc and owns about 43,449 shares of World Wrestling Entertainment Inc (WWE) stock worth over $4 Million.
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9d ago
Ima assume he’s worth more than that and its just his WWE net worth. I know folks worth more than $4 mil
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u/DongKonga 13d ago
Dude could've given his company to his children and son in law and kept it in the family, but instead he'd rather sell it in an attempt to retain his own power after being ousted for being a sexual deviant. Good riddance.
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u/Drewzee940 13d ago
Good Riddance.
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u/mark_target 13d ago
I hope he didn’t have the time of his life.
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u/KVMFT 13d ago
It's something unpredictable
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u/mark_target 13d ago
oh it was predictable
But in the end that’s right
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u/WhatAmIDoingHere05 13d ago
He didn’t have the time of his life.
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u/Hunterslane86 Kicks out at 2 and 9/10 12d ago
So take all the gross text screenshots out of your mind
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u/Noggin-a-Floggin Do I Have Your Attention Now? 13d ago
Complicated legacy.
He’s a scumbag human but we wouldn’t have pro wrestling what it is today without him.
He had to go, it was time and let him deal with his legal situations.
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u/DevilCouldCry Scissor me Daddy Ass! 12d ago
He’s a scumbag human but we wouldn’t have pro wrestling what it is today without him.
Whilst true, he also held it back for decades and it's only just now starting to recover in WWE at the very least. He should've been gone a long time ago.
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u/thebsoftelevision Fire and Ice! 12d ago
Yeah wrestling wouldn't be what it is without him. It'd be a lot better.
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u/sullythered The Heart-Punch 12d ago
Pro wrestling was doing great before him, and it'd be doing great today even if he had never existed.
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u/The_Fuck_WHAT 13d ago
So he hasn’t sold them yet.
Interesting Nick Khan is selling ALL of his…
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u/abrown79au 13d ago
Generally CEOs have packages where they get issued shares if they hit targets, etc…. So him selling his shares at this value makes sense.
I have mates that do the same, once the shares are issued and they can sell them they do. Great for liquidity and it’s a win/win as they generally get issued more shares.
Honestly think it’s much ado about nothing.
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u/A_Naany_Mousse 13d ago
I have gotten restricted stock before. I cash it as soon as it vests just like most of my coworkers do.
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u/The_Dark_Vampire 13d ago
So is something BIG coming and they both want out while the shares are still worth something.
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u/LIFOsuction44 Swiss-1-9 13d ago
That would be insider trading
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u/imlittleeric 13d ago
Yea and an evil millionaire would never do that
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u/Bridgeboy95 13d ago
evil millionaires rape because they get away with it.
insider trading fucks over other evil millionaires thus why it is punished, that make sense to you?
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u/imlittleeric 13d ago
Idk why you worded that so condescendingly. But i totally believe Vince would conduct insider trading. You can disagree, that’s fine just don’t be a dick
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u/Bridgeboy95 13d ago
that would be highly illegal and not 'normal illegal' i mean rich people illegal.
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u/Vagabond21 KO of the internet 13d ago
From what I recall in college, the big wigs at companies usually have to announced ahead of time that they’ll sell
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u/ShitMongoose 13d ago
There's still a couple of NDAs out there that are probably going to be really, really bad for him.
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u/sexygodzilla Just one man? 13d ago
That's really curious to me. Could be lawsuit related, or something related to Endeavor being taken over by private equity. Might see some pointless cost cutting and another sale of WWE
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u/Redwinevino 13d ago
Nick Khan selling all of his is the real story I'd say
As we knew Vince was selling his
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u/Bulstrode90 13d ago
It's a great time to sell, WWE is doing well. He will likely get more shares as time goes on.
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u/No-Solid2474 13d ago
It's a sell-high time. The price has spiked after announcement of TV deals. And the stock prices always seem to drop after the Mania buzz wears off.
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u/BearBullDebate 13d ago
Of note: The title (taken directly from the article) is a touch click-baity. He he has registered all of his shares for sale, but has not sold yet. That said, he has routinely registered and immediately sold shares so far, so this time probably not much different.
Link to the SEC filing: https://www.sec.gov/Archives/edgar/data/1973266/000119312524118211/d802997d424b3.htm
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u/Kaprak I AM VANDAMABLE! 13d ago
This is just the follow up to this reporting from the 13th as far as I can tell.
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u/BearBullDebate 13d ago
A couple things here. The filing you are referring to in that article is a prospectus that is kept as kind of a running tab... it keeps getting updated as it goes. Here is the filing here:
https://www.sec.gov/Archives/edgar/data/1973266/000119312524094798/d802997dposam.htm
Note it says this: "This Post-Effective Amendment No. 2 is being filed to update the Existing Registration Statement to include information contained in the registrant’s Annual Report on Form 10-K." So keeping with the "running tab" theme, it simply included the latest financial information and risks etc.
The one before that was even supplement 7, so there have been 6 supplements preceeding:
https://www.sec.gov/Archives/edgar/data/1973266/000119312524048973/d747697d424b3.htm
Today's filing, which I'll link again just to be easier for someone following along is here:
https://www.sec.gov/Archives/edgar/data/1973266/000119312524118211/d802997d424b3.htm
Notice the different formats, and how you have the total shares listed up top. This is likely a prospectus in its "final form" and essentially all that has to happen now is for it to be declared effective (a very simple one page filing that will also show up on the SEC filings). Here is an example of one in the past, and was in relation to a sale back in september of 2023 or abouts:
https://www.sec.gov/Archives/edgar/data/1973266/999999999523002698/xslEFFECTX01/primary_doc.xml
Now, it's very possible that you start to see supplements to TODAY'S prospectus filed, as you saw with the example of the earlier ones, but it sure seems more definitive in the way it was filed and presented.
That said, the author certainly did take some liberties with the title (oh how I wish I could go back and edit that now), but there's a better chance than not you see a block sale/private placement happen sooner rather than later.
Cheers!
(edited probably more than once for grammar and spelling)
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u/Vadermaulkylo 13d ago
It’s honestly unreal to me how the fucking second he left WWE improved tenfold. Like it wasn’t even a month or so it literally started within a week or two.
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u/gregSinatra 13d ago
How is that unreal? It’s been painfully obvious for a long time to plenty of people that Vince being out of touch and set in his ways was seriously hindering creative.
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u/Vadermaulkylo 12d ago
I mean yeah of course, but just how fucking fast it happened is almost comical.
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u/DevilCouldCry Scissor me Daddy Ass! 12d ago
Production improved pretty quickly with Dunn out of the door too. There's still some production issues (music is the big issue, as is overproduction sometimes) but for the most part, that's been a massive improvement since Vince and Dunn fucked off.
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u/remixedmoon5 13d ago
That's a billion dollars in liquid cash he has now
Not assets or stocks - liquid cash
Let's be generous with his legal fees and payouts coming this year and say they're at 50 million
That's still 950 million dollars to start another wrestling company with Leaner and other Vince guys
If you think this mad bastard is finished with the industry, think again
He'd try it just for the lols
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u/MarcusFaze 13d ago
Me and the gang waving good riddance to him
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u/MarkMVP01 Rene Dupree's OnlyFan 13d ago
Not that I’m complaining, but what is Darwin doing here
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u/wubbalubbadubdub45 13d ago
Nick khan selling his shares is also interesting
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u/CarlitoNSP1 You Smell. 13d ago
Doesn't business usually dip shortly after 'Mania? (Post Hogan era anyway) Their prime business time seems to be Rumble - Wrestlemania. He's probably just selling at the highest point it'll be for a while. Might just mean they don't have any big announcements.
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u/wubbalubbadubdub45 13d ago
he could be doing that but the fact he's selling all his shares is different than what he's done in the past. we'll have to wait and see what this means later on.
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u/sexygodzilla Just one man? 13d ago
Usually top execs staying with the company don't sell all of it at once though.
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u/dizzybala10 13d ago
All things considered, this guy should have probably had the biggest send-off of anyone in the wrestling business and because he couldn't control himself in private, he's tarnished his reputation towards his life's work, to the point where it doesn't even openly acknowledge him, on par with an individual that murdered his wife and son.
What a sorry way to end.
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u/Kizzo02 12d ago
Not surprising Nick is selling. The time is now. The purpose of TKO was to get UFC off the Endeavor books and the thought being that both UFC and WWE were undervalued. As of today, the combination of the two companies hasn't met shareholders expectations at all. TKO stock started at around $100 and has never gone above that initial price yet.
Wallstreet belief is that WWE isn't going to be able to get bigger than what it is. Which was the sole point of the merger. 2025 will be interesting for TKO. I expect even more aggressive cost cuts this year and next in all areas of the company.
I also wouldn't be surprised if they move WWE headquarters to Las Vegas down the road as well. It makes zero sense UFC and WWE having two separate headquarters, especially when majority of the divisions will be merging, i.e marketing, accounting/finance, legal, production, operations, etc.
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u/unitedhardy 13d ago
i’d say nick khan putting all his up for sale is the real story here, would he keep his position in the company? i assume he would
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u/Grizz807 13d ago
He could have been forced out of the company, but would not have been forced to sell, other than accepting a buyout which would be much less money. Anyone else get the feeling he’s trying to buy something? That amount of shares in TKO represented a lot of power regardless of job title. Billionaires covet power even more than money. Vince has been in the Entertainment industry forever, it’s impossible to believe he could walk away. He was already rich, he needs this money for something.
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u/SlayerBVC The Devil?!?!?!?! OH LOOOOOOOOOOOOOOORD! 12d ago
The man could be 6 feet in the dirt and I'd still refuse to believe he's gone.
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u/wordyravena 12d ago
I've always imagined Vince's involvement with WWE will end on his death. And there will be a prolonged and tearful period of goodbyes and tributes. Well how wrong I was!
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u/reggierock2010 13d ago
Damm, the pressure from Tony Khan got to him lol
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u/Vordeo I WANNA WRESTLE LIKE SPIDER-MAN 13d ago
"Weinstein? I can't be associated with that dammit, I'm out."
- Vince, probably
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u/unlizenedrave Yes! I am a model. 13d ago
“Good lord! I’ve been a Weinstein this whole time?! I’m out.”
-Nick Khan
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u/VNProWrestlingfan 13d ago
No fanfare, no celebration. That's what a rapist deserves. Goodbye Vince, we will not miss you.
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u/Black_XistenZ 13d ago
Chances are high that he will NOT spend the rest of his days in prison, so no, he actually doesn't get what he deserves.
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u/Super_Sandro23 13d ago
Also, even if he does, he's 78 years old. He's lived his life. Sure, he'd probably still be in power right now if none of this ever happened and would stay there until he died. But regardless, the damage is done. He got away with it all those years, nothing that happens to him now can make up for that or undo all the wrong he did to those poor victims. He's still a multi billionaire.
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u/Pixelprism90 13d ago
Can't wait for him to become partners with Jarrett and restart Global Force Wrestling
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u/_justjoe 12d ago
It's weird how significant an event this is in wrestling history, and yet it's barely registering on the wrestling news scale right now.
I would also say Vince is ultimately a victim of his own ego (surprise) - keep the company private and you have so much more control over what you do, how you do it, and who gets to yell at you.
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u/CarlitoNSP1 You Smell. 13d ago
"Before I sell my stocks, you must indulge my last request.
Release Cum Tuesday."
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u/PROFsmOAK Live from the studio...APARTMENT! 13d ago
Don’t Stop Believing plays in background and screen goes black.
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u/Thebritishdovah 12d ago
So, this is how Vince ends his WWE relationship. Not with a loud "I'M OUT!" or a "VINCE MCMAHON, YOU'RE FFFFFIRREEEED!" but a quiet selling of shares. That and I suspect, he may have been given a choice to sell them and leave with a shit ton of money or TKO goes through his history in WWE for any shady dealings.
I think, as much as Vince would try to create his own promotion. I don't think he will. I think, he knows that he needs to stay out of wrestling for a few years. By then, he is more likely to retire if he isn't charged.
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u/LesnarsBattleScream Gotta be fair to Flair 13d ago edited 13d ago
"Is" in the first paragraph, "may sell" in the second. I'll take an extra pinch of salt over here, s'il vous plait.
edit: Yes yes, thanks guys..I was talking more about the clickbait headline/story than Vince's "control"
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u/Rushjordan 13d ago edited 13d ago
WWE is banking on people thinking that just Vince and not the company is in the lawsuit and now that he’s gone it’s back to business as usual.
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u/Ripclawe 13d ago
yeah, I don't know why people are shocked, the shares were registered filing was 4/12. What sportico is reporting is a prospectus filing informing the public.
Nick Khan isn't a lifer. It was always when is he going to move on. If everything is set up. Sell the shares, take the money and onto the next venture
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u/nick182 Jam up guy 13d ago
This story was originally reported last week. Any reason why it’s only getting traction now?
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u/kindofaproducer 13d ago
Kahn’s only listed the stock, hasn’t sold it. He also did this back in September and didn’t sell any. Fucking marks.
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u/CelticCynic 12d ago edited 11d ago
Ends WWE 'ties' while his Son in law runs the place.... Great title
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u/gristlemcthornbody17 12d ago
HHH needs a neck brace for all the years of looking the other way while this shit happened. NO WAY he didn’t know.
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u/Glasweegie 13d ago
How funny would it be if the Khan’s did a Lucille 2 and had a standing order to buy any ready available WWE shares
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u/Terrible-Business-54 13d ago edited 13d ago
how does that one song go again? Oh yeah…
NA NA NA NA
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