Former WWE chairman Vince McMahon has resigned as government chairman of TKO, the wrestling promotion’s mother or father firm. The information comes following a lawsuit that alleges McMahon orchestrated a sample of abuse together with forcible intercourse in opposition to a girl, Janel Grant, who used to work for WWE.
By way of Fightful, we have realized that WWE’s Nick Khan despatched an inner memo to others inside the firm stating, “I needed to tell you that Vince McMahon tendered his resignation from his positions as TKO Government Chairman and on the TKO Board of Administrators. He’ll not have a job with TKO Group Holdings or WWE.”
The quick message is the one remark the corporate has on the matter presently, and comes a number of hours after Slim Jim paused its promoting for tomorrow’s Royal Rumble, considered one of WWE’s largest annual occasions.
“Slim Jim values integrity and respect in all of our partnerships,” the Conagra Manufacturers division informed Deadline. “Given the current disturbing allegations in opposition to Vince McMahon, presently we’ve determined to pause our promotional actions with WWE. This determination displays our dedication to our model values and duty to our group.”
McMahon, in the meantime, issued his personal assertion through which he continued to disclaim the allegations however said he’s resigning “out of respect” for the corporate, its companions, and its followers.
“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. I intend to vigorously defend myself in opposition to these baseless accusations, and stay 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 the entire staff and Superstars who helped make WWE into the worldwide chief it’s at the moment, I’ve determined to resign from my government chairmanship and the TKO board of administrators, efficient instantly.”
McMahon beforehand retired from WWE in July of 2022 amid a misconduct investigation, however later voted himself again onto the board forward of the corporate’s sale to UFC mother or father firm, TKO.