In 2022, McMahon temporarily retired from WWE following revelations of multiple payoffs to multiple women
World Wrestling Entertainment (WWE) Chairman Vince McMahon has announced his resignation from the global organization following sex trafficking allegations by a former employee.
Janelle Grant claimed that McMahon and another former executive, John Laurinaitis, sexually assaulted and trafficked her to lure wrestling talent.
“I stand by my previous statements that Ms. Grant's lawsuit is a lie, a farcical and salacious fabrication, and a persistent distortion of the truth,” McMahon said in a statement Friday.
“I am stepping down with respect to the WWE Universe, the extraordinary TKO business, its board members and shareholders, partners and constituents, and all of the employees and Superstars who have made WWE the world leader it is today. The Executive Chairmanship and the TKO Board of Directors are effective immediately. ”
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It's not the first time
This isn't the first time McMahon has had to defend himself or even resign from his position. In 2022, McMahon temporarily retired from WWE in July 2022 following revelations of multiple paychecks to multiple women related to sexual misconduct allegations.
in the same year wall street journal McMahon paid more than $12 million to four women with WWE over the past 16 years to keep quiet about allegations of extramarital affairs and cheating, including a former female wrestler who claims he forced her to perform oral sex on him. Reported to have paid.
Also read: Pro wrestling boss Vince McMahon quits WWE following cheating allegations
Contract with Netflix
The accusations against McMahon come days after WWE signed a deal with Netflix, which will make its wrestling brand available on its streaming platform starting next year.
“This agreement is transformational,” Mark Shapiro, TKO's president and chief operating officer, said in a statement. “This combines his unmissable WWE product with Netflix's extraordinary global reach, ensuring significant and predictable economics for many years.”
“As one of the world's leading entertainment brands, we believe Netflix is the ideal long-term home for Raw's live, loyal and growing fan base,” WWE President Nick Carn asserted.
worldwide phenomenon
After taking over from his father and grandfather Jess, also named Vince, McMahon transformed WWE from its regional beginnings into a publicly traded international company with hundreds of employees in offices around the world.
As the young McMahon expanded his pro-wrestling world around the world, he scouted people like Hulk Hogan, who became a megastar far beyond his performances in the ring, and created a unique and versatile brand of wrestling. .
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