Vince McMahon “is not coming back” to World Wrestling Entertainment amid serious allegations against him. The former chairman sold $412 million in its parent company TKO Group Holdings’ stock this week, a TKO executive affirmed during a press conference.

TKO did not participate in the recent sale of some of Vince McMahon’s shares revealed by an SEC filing. TKO Group Holdings formed after Endeavor purchased WWE and merged it with the Ultimate Fighting Championship, which it had previously owned, last year.

McMahon, 78, has been under federal investigation for sexual assault and sex trafficking allegations in recent months, sources with knowledge of the situation confirmed to the Wall Street Journal last month. Prosecutors in New York have been in contact with women who made sexual misconduct claims against McMahon prior to a lawsuit being filed by former WWE employee Janel Grant in January. 

McMahon officially resigned from his position as executive chairman of TKO, a parent company launched by Endeavor following its purchase of WWE in April 2023.