WWE Founder Vince McMahon Resigns Following Sex Assault Suit

“He will no longer have a role with [parent company] TKO Group Holdings or WWE,” according to WWE president Nick Khan

Vince McMahon attends WWE Superstars for Sandy Relie (Getty Images)

Following a suit Thursday asserting that Vince McMahon sexally assaulted and trafficked former WWE employee Janel Grant, the WWE founder has resigned from his role as chairman of parent company TKO Group Holdings, according to an email from WWE president Nick Khan shared with TheWrap. TKO Group was created as the new parent company of WWE in its merger last year with UFC.

“I wanted to inform you that Vince McMahon has tendered his resignation from his positions as TKO Executive Chairman and on the TKO Board of Directors,” Khan wrote in an email to staff on Friday. “He will no longer have a role with TKO Group Holdings or WWE.”

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