Vince McMahon has resigned from WWE and UFC proprietor TKO Group Holdings, the place he was the manager chairman of the board, following allegations of sexual abuse and trafficking.
As reported by Selection, McMahon’s resignation was in response to a lawsuit filed in opposition to him from former WWE worker Janel Grant. The lawsuit itself alleges that McMahon, former WWE head of expertise relations John Laurinaitis, and the WWE itself all violated the Trafficking Victims Prevention Act. Moreover, it states McMahon and Laurinaitis used Grant “each for their very own pleasure and as a pawn to safe expertise offers with potential wrestlers they had been recruiting.”
McMahon additionally launched an announcement denying these allegations, sharing he can be combating to “defend myself in opposition to these baseless accusations.”
“I stand by my prior assertion that Ms. Grant’s lawsuit is replete with lies, obscene made-up cases that by no means occurred, and is a vindictive distortion of the reality,” McMahon stated in an announcement. “I intend to vigorously defend myself in opposition to these baseless accusations, and sit up for clearing my identify. Nonetheless, out of respect for the WWE Universe, the extraordinary TKO enterprise and its board members and shareholders, companions and constituents, and all the workers and Superstars who helped make WWE into the worldwide chief it’s in the present day, I’ve determined to resign from my government chairmanship and the TKO board of administrators, efficient instantly.”
WWE President and TKO board member Nick Khan additionally despatched an inside memo seen by Selection that relayed the information.
“I wished to tell you that Vince McMahon has tendered his resignation from his positions as TKO Government Chairman and on the TKO Board of Administrators,” WWE president and TKO board member Nick Khan stated in an electronic mail to employees seen by Selection. “He’ll not have a task with TKO Group Holdings or WWE.”
This isn’t the primary time McMahon has each been accused of allegations of misconduct and retired from the WWE. In 2022, allegations arose that McMahon and had established a separation settlement and paid $3 million to a former feminine worker he had a consensual affair with. The report additionally claimed to find much more potential payouts and authorized agreements McMahon and Lauinaitis had with different girls.
McMahon introduced he was retiring from the WWE nearly a month after he “voluntarily stepped again” from his function as CEO and chairman of WWE after these allegations had been made public. Nonetheless, he returned to WWE’s board in January 2023.
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Adam Bankhurst is a information author for IGN. You may observe him on Twitter @AdamBankhurst and on Twitch.