-

McMahon ordered to resign by Endeavor’s Ari Emanuel and Mark Shapiro

The Hollywood Reporter has a story on Vince McMahon’s exit from TKO Group, revealing that it was Endeavor’s Ari Emanuel and Mark Shapiro who personally called McMahon and asked him to resign from the role of Executive Chairman after details of the Janel Grant lawsuit came out.

THR says in its report that the extreme graphic details in the lawsuit caught all TKO executives by surprise, leading the top two company execs to demand McMahon’s resignation on January 26. McMahon offered no resistance and submitted his resignation.

After McMahon resigned, TKO had the job to inform WWE’s corporate sponsors that McMahon was gone for good, a move which brought back Slim Jim as a presenting sponsor of the Royal Rumble. Slim Jim had earlier paused all their WWE commitments due to McMahon’s involvement.

McMahon is currently the subject of a federal investigation which might spell even more trouble for him. The attorney for Janel Grant said that they are not looking for a settlement and McMahon’s resignation is not enough. If this lawsuit goes to discovery, it could spell disaster for those involved, even those not named, as texts, e-mails, and other correspondence will come out in public showing who knew what was going on.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Brie Bella suffers shoulder injury at SummerSlam

Brie Bella was injured last night at SummerSlam during the six-woman tag team match involving her sister Nikki, Paige,...

Brock Lesnar passes the torch to Oba Femi at SummerSlam

Brock Lesnar seemingly passed the torch to Oba Femi last night in the main event of SummerSlam. The two brawled...

WWE wrestler calls Atlantic City “The Saddest City in America”

Australian WWE wrestler Grayson Waller has called Atlantic City, New Jersey, "the saddest city in America." He posted a...