Vince McMahon Resigns from TKO & WWE

As noted before, a lawsuit was filed on Thursday by former WWE employee Janel Grant against TKO Group Executive Chairman Vince McMahon accusing McMahon of committing sex trafficking and sexual abuse towards Grant during her time in the company.

McMahon issued an official statement this evening stating that he has resigned from both TKO and WWE effective immediately.

Official statement (via Deadline.com)

“I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said this evening. “I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name.

However, out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effectively immediately.”

Fightful’s Sean Ross Sapp reported that his sources stated that WWE President and CEO Nick Khan sent an internal email to WWE’s staff confirming that McMahon has left the company again.