Vince McMahon has resigned from TKO Group after allegations of sex trafficking, sexual assault and more that were levied against him on Thursday.
In a lawsuit filed on Friday, McMahon was accused of sex trafficking, emotional and physical abuse, sexual assault and more. The lawsuit was filed by former employee Janel Grant. WWE and John Laurinaitis are also named in the lawsuit.
According to a report from Deadline, Vince McMahon has resigned from his position as Executive Chairman and a member of the TKO Board of Directors.
You can check out Vince McMahon’s official statement below:
“I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth. I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name.
“However, out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effectively immediately.”
Vince McMahon Resigns from TKO Group Amid Allegations
In a shocking turn of events, Vince McMahon has resigned from his position as Executive Chairman and a member of the TKO Board of Directors. This decision comes after serious allegations of sex trafficking, sexual assault, emotional and physical abuse were levied against him by former employee Janel Grant.
The lawsuit, filed on Friday, also named WWE and John Laurinaitis as defendants. The accusations made in the lawsuit are grave and have sent shockwaves throughout the wrestling industry and beyond. McMahon, however, vehemently denies these allegations and stands by his previous statement, calling the lawsuit a “vindictive distortion of the truth.”
In his official statement, McMahon expressed his intention to vigorously defend himself against the baseless accusations and clear his name. Despite his determination to fight these allegations, he made the difficult decision to resign from his executive chairmanship and the TKO board of directors out of respect for various stakeholders.
The WWE Universe, TKO’s business partners and constituents, shareholders, and all the employees and Superstars who have contributed to making WWE a global leader were cited as the reasons for McMahon’s resignation. It is clear that he does not want the controversy surrounding these allegations to overshadow the accomplishments and contributions of those involved with the company.
Vince McMahon has been a prominent figure in the world of professional wrestling for decades. As the chairman and CEO of WWE, he has played a pivotal role in shaping the industry and turning it into the global phenomenon it is today. His departure from TKO Group marks the end of an era and leaves many questions about the future direction of both WWE and TKO.
It is important to note that these allegations are serious and should be thoroughly investigated. The legal process will determine the veracity of the claims made against McMahon and others involved. Until then, it is crucial to allow due process to take its course and not jump to conclusions.
The resignation of Vince McMahon sends shockwaves throughout the wrestling community and raises concerns about the culture within the industry. It serves as a reminder that no one is above accountability, regardless of their position or influence. The allegations against McMahon highlight the need for organizations to prioritize creating safe and respectful environments for all employees.
As this story continues to unfold, it will undoubtedly have far-reaching implications for the wrestling world. The resignation of Vince McMahon from TKO Group marks a significant moment in the industry’s history and leaves a void that will need to be filled. It remains to be seen how WWE and TKO will navigate these challenging times and move forward.