Kemo
02-29-2024, 06:36 AM
TKO Group Holdings is not in contact with former Chairman Vince McMahon, according to TKO COO Mark Shapiro.
McMahon stepped down from WWE one month ago due to the shocking allegations made against him in Janel Grant's lawsuit. McMahon has claimed that the litigation is rife with fabrications and has claimed he is completely innocent. Former WWE executive John Laurinaitis, who is named in the suit, has claimed he is a victim, not a predator, in this situation.
During TKO's recent 2023 fourth quarter earnings call, Mark Shapiro was asked about the McMahon situation and a potential impact on TKO. Shapiro made clear that TKO has continued to distance itself from the 78-year-old McMahon.
“He’ll do whatever he’s going to do, and we’re all on the sideline. We’ll have a look, we’ll see. We have no idea on timing. We’re not having any discussion with him. He’s given us no point of view on his motive or his plans to sell or not sell, or if he does, how much. So, we’re going to wait around and find out just like you.”
Shapiro did not specifically address the allegations against McMahon. Ari Emanuel, the CEO of both Endeavor and TKO Group Holdings, did not comment on McMahon.
With McMahon gone, Ari Emanuel has replaced the 78-year-old as the Executive Chair of TKO. Emanuel already serves as the company's CEO. Steven R. Koonin has been appointed the Lead Independent Director of the McMahon allegations and how it relates to TKO. Both appointments came into effect as of February 22.
McMahon stepped down from WWE one month ago due to the shocking allegations made against him in Janel Grant's lawsuit. McMahon has claimed that the litigation is rife with fabrications and has claimed he is completely innocent. Former WWE executive John Laurinaitis, who is named in the suit, has claimed he is a victim, not a predator, in this situation.
During TKO's recent 2023 fourth quarter earnings call, Mark Shapiro was asked about the McMahon situation and a potential impact on TKO. Shapiro made clear that TKO has continued to distance itself from the 78-year-old McMahon.
“He’ll do whatever he’s going to do, and we’re all on the sideline. We’ll have a look, we’ll see. We have no idea on timing. We’re not having any discussion with him. He’s given us no point of view on his motive or his plans to sell or not sell, or if he does, how much. So, we’re going to wait around and find out just like you.”
Shapiro did not specifically address the allegations against McMahon. Ari Emanuel, the CEO of both Endeavor and TKO Group Holdings, did not comment on McMahon.
With McMahon gone, Ari Emanuel has replaced the 78-year-old as the Executive Chair of TKO. Emanuel already serves as the company's CEO. Steven R. Koonin has been appointed the Lead Independent Director of the McMahon allegations and how it relates to TKO. Both appointments came into effect as of February 22.