In a significant development, WWE’s President, Nick Khan, has signaled a potential change in his ownership of TKO shares, according to recent filings.
Khan, who holds several thousand TKO shares, including restricted ones, has listed all 234,424 of his shares for sale.
This move echoes a similar decision by WWE Chairman Vince McMahon, who also put his 8.02 million shares up for sale.
While Khan had previously listed his shares for sale in September without executing any transactions, McMahon has been actively divesting his shares, selling substantial amounts in recent months.
Despite the listing, Khan retains his position as WWE President, and there’s no certainty that the shares will indeed be sold. However, industry experts suggest that such filings typically precede actual sales, indicating a potential shift in ownership.
Meanwhile, Vince McMahon’s association with WWE has become increasingly distant following allegations against him.
Although he remains a significant shareholder of TKO, he has stepped down from his position on the TKO board.
As the legal proceedings unfold, the trajectory of McMahon’s involvement with TKO and WWE remains uncertain. The outcome of the lawsuit and any further divestment of TKO shares by McMahon could have implications for the company’s future ownership structure.
