Former WWE President Vince McMahon has resigned as the executive chairman of TKO, the parent company of the wrestling promotion. The news comes after a lawsuit was filed alleging McMahon set up a pattern of abuse, including forced sex, against a woman named Janelle Grant who previously worked for WWE.
via the fighterWe’ve learned that WWE’s Nick Khan sent out an internal memo to others in the company that read, “I wanted to let you know that Vince McMahon has resigned from his position as TKO’s Executive Chairman and on the TKO Board of Directors. . He won’t do it. Take another role with TKO Group Holdings or WWE.”
The short message is the only comment the company has on the matter at this time, and it comes hours after Slim Jim stopped promoting tomorrow’s Royal Rumble, one of WWE’s biggest events of the year.
“Slim Gym values honesty and respect for all of our partnerships,” said the Conagra Brands division. Deadline. “In light of the recent disturbing allegations against Vince McMahon, at this time we have decided to cease our promotional activities with WWE. This decision reflects our commitment to our brand values and our responsibility to the community.”
Meanwhile, McMahon issued a statement in which he continued to deny the allegations, but said he was resigning “out of respect” for the company, its partners and fans.
“I stand by my previous statements that Ms. Grant’s lawsuit is full of lies, blatant fabrications that never happened, and malicious distortions of the truth. I intend to vigorously defend myself against these baseless allegations. I am waiting to clear my name
However, out of respect for the WWE Universe, the wonderful business of TKO and its board members and shareholders, partners and institutions, and all the employees and superstars who have helped make WWE the world leader it is today, I have decided to resign. From my executive chairmanship and the TKO board of directors, effective immediately.”
McMahon previously retired from WWE in July 2022, but later retired himself to the board before selling the company to UFC parent company TKO.