WWE’s Vince McMahon has resigned from his position as the Executive Chairman of TKO, the company that owns WWE, following a recent sexual assault lawsuit filed against him by a former WWE staffer.
Key Takeaway
Vince McMahon has resigned as the Executive Chairman of TKO, the company that owns WWE, following a sexual assault lawsuit filed against him by a former WWE staffer. The lawsuit includes disturbing allegations, and McMahon has denied the claims, stating that the lawsuit is a vindictive distortion of the truth.
McMahon’s Resignation
The 78-year-old wrestling legend released a statement reiterating his innocence with respect to the disturbing allegations but stated that he would step down because it’s the best move for the wrestling promotion he built decades ago. McMahon’s resignation comes in the wake of a federal lawsuit filed in Connecticut by Janel Grant, a former WWE staffer, who alleged that she was subjected to degrading sexual acts at the hands of McMahon on numerous occasions.
Impact on WWE
While McMahon was not involved in the day-to-day operations of WWE, his resignation marks a significant shakeup within the organization. Current WWE president Nick Khan announced McMahon’s resignation to the employees, stating that McMahon will no longer have a role with TKO Group Holdings or WWE.
The Lawsuit
The lawsuit filed by Janel Grant includes disturbing allegations, including claims that McMahon defecated on her during a threesome in 2020. Grant also accused McMahon of failing to pay the full amount of a $3 million agreement in exchange for signing a non-disclosure agreement. McMahon has vehemently denied the allegations, calling the lawsuit “replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth.”
