On the eve of one of WWE’s biggest events, the Royal Rumble, Vince McMahon has resigned from all of his duties at TKO Group Holdings. After Endeavor acquired WWE (and merged it with UFC) earlier this year, he had been appointed executive chairman of the combined company and held a seat on the board.
But earlier this week, a former employee sued McMahon and accused him of sex trafficking and abuse. The filing contains many heinous text messages and details — and it’s not the first time McMahon has been accused of deeply troubling behavior. The allegations started to affect WWE’s business, with longtime advertiser Slim Jim pausing its sponsorship of tomorrow’s event.
Now, with WWE’s streaming future a done deal, McMahon has made a swift exit from Ari Emanuel’s company, finally allowing WWE to begin a new chapter.
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