In sports, few names echo as loudly as Vince McMahon’s. With the fusion of WWE and UFC, his prominence has soared to even greater heights.
The birth of TKO marked a monumental moment, intertwining two behemoths of the industry. McMahon, once a pivotal figure within the conglomerate, held a coveted seat on its board of directors. But the burning question remains: what were his earnings during his tenure there?
It’s no secret that Vince McMahon bid adieu to the TKO Group. Following a legal tussle with a former employee, McMahon parted ways with the sports and entertainment powerhouse. Nonetheless, his departure doesn’t discount the substantial earnings he amassed during his tenure.
In a recent disclosure, TKO revealed its proxy statement ahead of an impending shareholder congregation. Amidst deliberations on meeting agendas and directorial elections, the statement laid bare the compensation bestowed upon its directors. Among them, McMahon’s name gleamed, revealing a staggering sum of $376,323.
Of this formidable figure, a lion’s share amounted to $369,231 in the form of salary, with an additional $7,092 earmarked as “other compensation.”
Undoubtedly, McMahon’s stint at TKO Group proved lucrative. The disclosed sum of $376,323 supplements the reported $1.5 billion he pocketed through TKO stock sales. In totality, this windfall further enriches his colossal $2.8 billion net worth.
McMahon’s Next Move: Speculations on a New Wrestling Venture
With his exit from TKO Group, Vince McMahon finds himself endowed with ample time and resources. Given his circumstances, speculation runs rife regarding his next endeavor. Despite grappling with ongoing legal woes, rumors swirl about McMahon’s contemplation of a fresh venture.
This prospective venture appears to orbit around the realm of professional wrestling. Whispers abound that the septuagenarian mogul harbors an inclination towards launching a new wrestling promotion.
Vince McMahon’s profile on ‘TKO’. pic.twitter.com/VyCRdBY0Kb
— Wrestle Ops (@WrestleOps) September 13, 2023
According to insights from Dave Meltzer of the Wrestling Observer Newsletter, McMahon’s reentry into professional wrestling may pose challenges. However, should he opt for it, the possibility of initiating his own promotion looms large, especially post the expiration of his non-compete clause in January 2025.
The Prospect of McMahon’s New Wrestling Promotion: Amidst a Sea of Competition
Amidst the bustling terrain of WWE, encompassing rivals like AEW, TNA Wrestling, and New Japan Pro-Wrestling, the inception of a new promotion would undoubtedly make waves.
Nevertheless, the realization of such a venture remains shrouded in uncertainty. For now, both enthusiasts and McMahon himself must bide their time, awaiting the opportune moment for any decisive actions to unfold.
