Vince McMahon issues a statement on his resignation.
On Friday evening, WWE President Nick Khan sent an email to staff announcing that Vince McMahon was tendering his resignation as TKO Executive Chairman and as a member of the TKO Board of Directors.
The news comes one day after a lawsuit was filed by Janel Grant against Vince McMahon, WWE and former executive John Laurinaitis. The lawsuit accuses McMahon of sex trafficking, emotional abuse, and sexual assault.
McMahon issued the following statement to Deadline, once again denying the allegations and confirming his resignation.
“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. 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 will have more details on Vince's resignation when they are known.
Readers can find comments from Grant's lawyer on the lawsuit by clicking here.
