Vince McMahon Makes Public Statement on Abuse and Trafficking Claims

A representative for Vince McMahon has issued a statement in response to serious allegations brought against him. These allegations, which include sex trafficking and abuse, have been detailed in a lawsuit filed on January 25, 2024. 

Responding to the lawsuit, Vince McMahon's spokesperson told Deadline:

“This lawsuit is replete with lies, obscene made-up instances that never occurred, and a vindictive distortion of the truth. He will vigorously defend himself.”

Statement From TKO Group Holdings Concerning The McMahon Lawsuit

After WWE founder Vince McMahon was sued by a former employee, who alleged that he abused and sexually exploited her when he was CEO of the wrestling-entertainment company, a spokesperson for TKO Group Holdings, the parent company of WWE and UFC, said in a statement:

“Mr. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE. While this matter predates our TKO executive team’s tenure at the company, we take Ms. Grant’s horrific allegations very seriously and are addressing this matter internally.”

WWE Founder Vince McMahon Accused of Sexual Abuse and Trafficking in Lawsuit by Former Employee

It's arguably been the most newsworthy week in WWE history, after the promotion announced a 10-year, $5 billion deal with Netflix Tuesday, with WWE Chairman Vince McMahon front and center at the New York Stock Exchange. Now on Thursday, McMahon is front and center again, for all the wrong reasons.

The Wall Street Journal reports that McMahon has been sued by former WWE employee Janel Grant, who has accused McMahon of sex trafficking. The lawsuit, filed Thursday morning, further alleges that McMahon abused and sexually exploited her while he was still WWE's Chief Executive, that he coerced her into sexual relations with the "promise of career advancement," and would later traffic her to other men within WWE.

Grant, who signed an NDA with WWE in 2022, claims she first met McMahon in 2019 in the apartment building they both lived in. McMahon allegedly promised Grant work at WWE and proceeded to "shower her with gifts." The suit goes on to allege that McMahon pressured her into sexual activities in order to secure her a job. Grant was hired by WWE in June 2019 as "administration coordinator," a position McMahon allegedly created for her. She subsequently had little work to do, leading to other WWE employees complaining, and Grant believing her job was "unearned."

Grant further alleges that McMahon would send her sexually explicit messages, increased demands for sex, and began forcefully using "toys" during sex, injuring her. She also claims McMahon would share photos and videos of her with other WWE execs and wrestlers, and that he recruited others in WWE to have sex with her, including then WWE head of talent relations John Laurinaitis. The suit further alleges Grant's mental and physical health deteriorated, leading to McMahon sending her to what was described as a "celebrity doctor" in November, and later paying $20K for surgery.

The suit goes on to claim that Grant would be transferred to the talent-relations division in May 2021, leading to her working directly under Laurinanitis. Grant alleges that a month after the transfer, McMahon and Laurinaitis would lock her in an office, and took turns sexually assaulting her, followed by McMahon assaulting her again a week later.

The suit further claims that Grant would sign an NDA in January 2022, after McMahon told her his wife, Linda McMahon, had learned about their relationship. Nevertheless, McMahon would only pay $1 million of the agreement before ceasing making payments and continued his abuse through March 2022. Grant would also once again text explicit photos to the WWE star, but the two would still never meet.

Netflix to Become New Home of WWE Raw Beginning 2025

WWE, part of TKO Group Holdings, Inc. (NYSE: TKO), and Netflix (NASDAQ: NFLX) today announced a long-term partnership that will bring WWE’s flagship weekly program – Raw – to the world’s leading entertainment service. This marks a major programming shift as Raw leaves linear television for the first time since its inception 31 years ago.

Beginning in January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territories, with additional countries and regions to be added over time. Likewise, as part of the agreement, Netflix will also become the home for all WWE shows and specials outside the U.S. as available, inclusive of Raw and WWE’s other weekly shows – SmackDown and NXT – as well as the company’s Premium Live Events, including WrestleMania, SummerSlam and Royal Rumble. WWE’s award-winning documentaries, original series and forthcoming projects will also be available on Netflix internationally beginning in 2025.

“This deal is transformative,” said Mark Shapiro, TKO President and COO. “It marries the can’t-miss WWE product with Netflix’s extraordinary global reach and locks in significant and predictable economics for many years. Our partnership fundamentally alters and strengthens the media landscape, dramatically expands the reach of WWE, and brings weekly live appointment viewing to Netflix.”

“We are excited to have WWE Raw, with its huge and passionate multigenerational fan base, on Netflix,” said Netflix Chief Content Officer, Bela Bajaria. “By combining our reach, recommendations, and fandom with WWE, we’ll be able to deliver more joy and value for their audiences and our members. Raw is the best of sports entertainment, blending great characters and storytelling with live action 52 weeks a year and we’re thrilled to be in this long-term partnership with WWE.”

“In its relatively short history, Netflix has engineered a phenomenal track record for storytelling,” said Nick Khan, WWE President. “We believe Netflix, as one of the world’s leading entertainment brands, is the ideal long-term home for Raw’s live, loyal, and ever-growing fan base.” 

With 1,600 episodes to date, Raw is the most iconic show in sports entertainment. Since its debut in 1993, Raw has delivered action, compelling drama and unmatched athleticism – 52 weeks a year. Blending the best of scripted content with unpredictable live entertainment, the three-hour show has helped launch the careers of Dwayne “The Rock” Johnson, “Stone Cold” Steve Austin, Triple  H, John Cena, Roman Reigns, Bianca Belair and Charlotte Flair.

The show is currently the No. 1 show on USA Network, where it brings in 17.5 million unique viewers over the course of the year. One of television’s best performing shows in the 18-49 advertising demographic, Raw trends on X 52 weeks a year while each new episode is airing. On social media, WWE has more than one billion followers across its platforms.

TKO Appoints Dwayne Johnson to Board of Directors

Johnson Granted Full Ownership of Trademarked Name, “The Rock”

TKO Group Holdings, Inc., a premium sports and entertainment company, has appointed Dwayne Johnson to its Board of Directors, effective today.

Johnson, one of the most decorated WWE Superstars in company history and the most followed American man globally on social media platforms, brings decades of experience in live entertainment and sports to the Board. Through his expansive business portfolio, which includes Seven Bucks Productions, Teremana Tequila, ZOA Energy, Project Rock, and the recently combined spring football league, the United Football League (UFL), Johnson has significant experience identifying and cultivating revenue generating media rights, live events, sponsorship, licensing, and social media opportunities. The appointment of Johnson reflects TKO’s commitment to delivering long-term value and strong performance for shareholders through strategic growth initiatives across both UFC and WWE.

Vince McMahon, Executive Chairman of the Board, TKO, said: “Very few people on the planet understand the convergence of sports, entertainment, media, and business like Rock. We are proud to have him join the TKO board to help take our company to new heights.”

Dwayne “The Rock” Johnson, said: “My grandfather, High Chief Peter Maivia, and my dad, Rocky ‘Soulman’ Johnson, would’ve never thought this day would come. Which is why I’m very humbled to have a seat at the table that has decades of history and family legacy for me. A table that my family helped to build. Being on the TKO Board of Directors, and taking full ownership of my name, ‘The Rock’, is not only unprecedented, but incredibly inspiring as my crazy life is coming full circle. At my core, I’m a builder who builds for and serves the people, and Ari is building something truly game changing. I’m very motivated to help continue to globally expand our TKO, WWE, and UFC businesses as the worldwide leaders in sports and entertainment — while proudly representing so many phenomenal athletes and performers who show up every day putting in the hard work with their own two hands to make their dreams come true and deliver for our audiences. I’ve been there, I’m still there and this is for them.”

Ariel Emanuel, CEO, TKO, said: “I am thrilled to partner with Dwayne and welcome his immense talent to TKO’s Board. Dwayne brings an incredible track record of creating content and building globally recognized consumer brands, and he will play a key role in realizing our ambitions for TKO.”

WWE has also entered into a services and merchandising agreement with Johnson that provides for his promotional, licensing, and other services, and an intellectual property assignment agreement pursuant to which Johnson has secured ownership of the trademarked name, “The Rock”. The name is derived from his father, WWE Hall of Famer Rocky Johnson, who was the first Black champion in WWE history (alongside partner Tony Atlas). Johnson’s grandfather, Peter Maivia, a Samoan-American professional wrestler, was posthumously inducted into the WWE Hall of Fame in 2008.

The addition of Johnson, as well as today’s appointment of Brad Keywell to TKO’s Board of Directors, will increase TKO’s board from 11 to 13 members.

Johnson has been a client of Endeavor’s WME agency for nearly 13 years.

WWE Executive Kevin Dunn Leaving The Company

Kevin Dunn is reportedly exiting WWE.

Mike Johnson of PWInsider broke the news on Saturday that WWE Executive Producer and Chief of Global Television Distribution Kevin Dunn has given his notice to leave WWE after over 30 years with the company. Their sources stated that it was Dunn's decision to retire in wake of changes made to the television production department post-Endeavor. While shocking to some, the news isn't surprising in the present day considering it was believed that Dunn would not work for anyone other than Vince McMahon who officially left when Endeavor formed TKO this year. Nevertheless, the ramifications may be sizable considering Dunn's fingerprints are all over WWE's television presentation.

When Dunn missed WWE Survivor Series: WarGames in 2022, there was speculation that he had left following McMahon's initial departure. That turned out to not be the case as WWE's Board of Directors had asked Dunn to remain with the company when McMahon stepped down. Dunn has served as an executive producer since "Monday Night Raw" began airing on the USA Network in 1993. He also served as WWE's director and line producer which involved overseeing the production budget and crew members, among other major responsibilities behind the scenes.

Regarding who will replace Dunn, it was once believed to be Michael Mansury who now holds a similar executive position in AEW. PWInsider noted that it's likely to be a mix of people sharing responsibilities for the time being. Dunn reportedly has stepped back in some ways to let others take over certain responsibilities since the Endeavor era started.

WWE Reportedly Sets All-Time Record At Madison Square Garden Live Event

Business is booming for WWE right now, with the promotion reportedly setting an all-time record at the recent Madison Square Garden live event.

"Fightful Select" has reported that the December 26 live event at the iconic New York venue is the highest-grossing domestic non-televised event in the history of the promotion. The show saw CM Punk wrestle for the first time since his return to WWE, defeating former "NXT" North American Champion, Dominik Mysterio, whom he will face once again at a live event in California. The report added that WWE has stated internally that the show was sold out, with WrestleTix revealing that over 15,000 tickets were sold for the show. 

"Fightful" has also revealed that the live event in Baltimore, featuring the "WWE SmackDown" roster, was the highest-grossing non-televised WWE show in the region.

The stacked card at the Madison Square Garden show featured several of "WWE Raw's" top stars, including the likes of Rhea Ripley, Seth Rollins, Drew McIntyre, Becky Lynch, and Cody Rhodes. Rollins and McIntyre closed out the event, where the former retained his WWE World Heavyweight Championship. Finn Balor and Damian Priest retained their tag team titles against Sami Zayn and Jey Uso, while WWE Women's World Champion Rhea Ripley defeated Ivy Nile and Shayna Baszler in a triple threat match.

The "Raw" and "SmackDown" rosters have a string of live events lined up ahead of the new year. This week's "SmackDown" will air a best-of show, recapping the highlights of 2023 from the blue brand, much like the "Raw" show on Christmas day.

Hagerstown native, WWE superstar LA Knight, receives key to city

Hundreds of people turned out in University Plaza on Saturday to see North Hagerstown High grad Shaun Ricker, aka WWE wrestler LA Knight, receive a key to the city. Hagerstown Mayor Tekesha Martinez addressed the crowd. Several youth were on stage with the WWE star and helped with the presentation of the key to the city to the Hagerstown native.

There were a lot of "Yeah"s exchanged Saturday between the Hagerstown native and hundreds of local fans. "Yeah" is a signature saying of the professional wrestler's.

Hagerstown Councilman Matthew Schindler went to school with Ricker and reached out to his former schoolmate to help arrange Saturday's presentation of a key to the city. Ricker joked that he thought 10 people would show up Saturday to see him receive the key to the city. Hundreds turned out at University Plaza. He said he was humbled to receive the honor and encouraged people to pursue their dreams.Ricker told the crowd to pursue their dreams. The Superstar said he had several setbacks, including sleeping in his car at times, but now he's at a point where he can help others.

Injured WWE Star Liv Morgan Arrested For Drug Possession

Injured WWE Star Liv Morgan Arrested For Drug Possession

Former WWE Women's Tag Team Champion Liv Morgan was arrested in Florida for drug possession after a traffic stop. According to PWInsider, the 29-year-old was arrested for possession of marijuana and possession of drugs, possibly that of a synthetic cannabinoid, on Thursday evening. The injured star was arrested after a Sumter County sheriff's deputy saw the Jeep she was driving cross over the white and yellow lines of the road. 

When the deputy approached Morgan's vehicle, they smelled marijuana, according to the arrest report. According to PWInsider, a small plastic bag of marijuana and a vape pen that "held an oil-like substance" that later tested for marijuana were found in the vehicle. Morgan bonded out of jail and was released Thursday night around 10:00 p.m. WWE has yet to either comment to the outlet or release a statement.

Morgan has been out of action since suffering an injury on a July episode of "WWE Raw" that saw WWE Women's World Champion Rhea Ripley attack her before their advertised match, an angle to write her off television. Morgan had just returned to the ring from a previous shoulder injury before suffering another, reportedly to her opposite side. The initial injury led Morgan and tag team partner Raquel Rodriguez to vacate the WWE Women's Tag Team Championships.

WWE Reaches Settlement With MLW Over Antitrust Allegations

Just about two years ago, MLW initially filed its antitrust lawsuit against WWE. In its litigation, MLW alleged that WWE had pressured third parties into abandoning deals with MLW, most notably Vice TV and Tubi. But after all the legal rambling, things look to be headed for a settlement of some sort.

Per Wrestlenomics, MLW and WWE have come to terms on a settlement with both parties filed for the agreement today. According to the documentation, both sides were "in the process of completing the final settlement documents." Should all go well, both MLW and WWE will file dismissal papers within the next 30 days, officially ending the lawsuit. 

The settlement ends a saga that featured numerous twists and turns, including a judge at one point dismissing the lawsuit in February 2023, followed by MLW filing an amended version of the suit just one month later. This time it stuck, with a judge later denying WWE's motion to dismiss the lawsuit in the late spring. While updates regarding the case have become scarce as of late, the lawsuit was said to be in the discovery phase.

The terms of the settlement so far have not been disclosed, and no one from MLW or WWE has officially commented on the matter. 

TNA Wrestling has partnered with Endeavor Streaming to deliver its global, on-demand streaming service, TNA+

TNA Wrestling (formerly IMPACT Wrestling)—a subsidiary of Anthem Sports & Entertainment and a division of Anthem Sports Group—has partnered with Endeavor Streaming to deliver its global, on-demand streaming service, TNA+, to its passionate fans, launching Friday, January 5.

 As part of a multi-year deal, Endeavor Streaming will power the new TNA+ app to deliver an enhanced user experience to all fans across the top streaming platforms, as well as mobile and connected devices. 

This partnership combines TNA’s expertise as a top professional wrestling promoter with Endeavor Streaming’s unparalleled knowledge in delivering innovative direct-to-consumer offerings, marketing tools, analytics, and predictive modeling. TNA+ will leverage Endeavor’s experience working with the world’s biggest sports organizations to scale TNA+’s business operations and further grow its fan base and digital revenues.

In addition to reclaiming the iconic TNA moniker, the TNA+ app is relaunching with an all-new dynamic look, as well as expanded options and increased functionality. The app puts the power back in the fans’ hands, delivering the ultimate premium experience where they can stream the company’s flagship weekly TV show and tune into exciting pay-per-view events, view TNA’s full archive, get exclusive original content and wrestler-created series, and even have the chance to interact with some of TNA’s top stars.TNA+ will be available at TNAWrestling.com, via iOS, tvOS and Android mobile apps, as well as big screen devices such as Android TV, Fire TV and Roku, with more platforms to follow. Subscribers will have the choice of a “Special Attraction” membership tier that features access to the full TNA/IMPACT Wrestling library and all TNA+ special PPV programming other than the 4-tent pole annual events offered at a price of $9.99 monthly or $95.99 per year, and a “World Championship” membership tier that includes all the perks of the Special Attraction tier, plus the 4-tent pole PPV events, offered at a price of $219.99 per year. Further details and subscription information for the new service can be found at TNAwrestling.com.

“This is truly an incredible opportunity for us as we forge into an exciting new chapter of the TNA legacy,” said TNA Wrestling President Scott D’Amore. “We are proud to partner with Endeavor Streaming on this initiative, and we look forward to continuing to provide our fans with the absolute best in new, classic and exclusive professional wrestling content, available to them anywhere, anytime, on their favorite devices, when TNA+ launches on January 5.” Pete Bellamy, Chief Commercial Officer at Endeavor Streaming said, “Wrestling fans are some of the most passionate in the world of sports and entertainment and TNA+ is the perfect ‘always-on’ personalized OTT service to help TNA build a deeper relationship with its global audience. We’re looking forward to working with TNA to deliver the best streaming experience for wrestling fans.”

Further details and subscription information for the new service can be found at TNAwrestling.com.

WWE-UFC Merger Challenged In Lawsuit Alleging “Sham Sales Process” for Megadeal

Investors claim that WWE board members favored a merger with Endeavor's UFC to allow Vince McMahon to stay on as executive chairman of TKO Group.

Vince McMahon’s corporate coup that paved a path for him to force his way back onto the WWE board and merge the sports entertainment powerhouse with Endeavor’s UFC is back in the spotlight, with a lawsuit arguing that he ignored more lucrative offers at the expense of investors.

A suit, unsealed in the Delaware Court of Chancery on Nov. 22, alleges that McMahon pushed a “quick sale” of WWE to Endeavor chief Ari Emanuel, his “close friend and longtime ally” who proposed a sweetheart deal that allowed the wrestling mogul to stay on as executive chairman of TKO Group and avoid scrutiny in connection with sexual misconduct allegations that could’ve ousted him from the company. According to the complaint filed by investors, WWE board members “conjured up a sham sales process” designed to favor Endeavor and “exclude other bidders seeking to axe” McMahon, disregarding at least two all cash offers with betters terms.

The complaint extensively details McMahon’s turbulent tenure as head of WWE, culminating in September with the formation of TKO Group through a $21 billion merger between UFC and WWE. He had returned to the company in January after having stepped down as chief executive amid a sexual misconduct investigation into $17.4 million in hush money payments to four different women formerly employed by the company. McMahon, as WWE’s controlling stockholder, removed and replaced three then-serving board members with himself and former executives George Barrios and Michelle Wilson.

“If McMahon was found to have breached his duty of loyalty, WWE stockholders could have sought his removal as a director,” states the suit. “Such scrutiny appears to have prompted McMahon to seek a ‘quick’ sale of the Company that also allowed him to continue running WWE.”

WWE announced on the same day as McMahon’s return in January a review of strategic options. In a statement, he said that he wanted to lead any talks about a possible sale or rights negotiations himself. Investors claim that he immediately turned to Emanuel, his former agent whom he “knew would allow him to remain at the helm” of the merged entity. They say that both the process and price point were unfair, alleging there were betters deals on the table.

According to the complaint, this included undisclosed companies submitting cash offers at $95-$100 and $90-$97.50 per share. But because they contemplated cashing out WWE stockholders and barred McMahon from rolling over his shares, which would’ve signaled his “complete ouster” from the wrestling world, the board “never bothered to make” counterproposals, the suit states.

Instead, WWE exclusively negotiated with Endeavor, proposing an all-stock deal that was contingent upon McMahon serving as executive chairman of the combined company, the complaint says. Endeavor ultimately agreed, with it owning 51 percent of the post-deal firm and former WWE stockholders owning the remaining 49 percent. Investors allege that merger was consummated at $95.66 per share, which fell below two competing, all-cash offers. (Those WWE suitors were redacted in the complaint. But the companies were described as “major institutions with significant access to capital” that had “compelling reasons to close an acquisition of WWE.” One of them likely had “significant runway to increase its offer due to the outsized synergies it could generate in a combination with” the company, the suit says.)

“Not only did he secure a future for himself at post-merger WWE, McMahon also stuffed his pockets and those of his loyalists before agreeing to a deal,” states the complaint, which points to he and former chief executive Nick Kahn securing so-called golden parachutes, along with Khan, McMahon’s son-in-law and WWE chief content officer Paul Levesque (known professionally as “Triple-H”) and WWE president Frank A. Riddick getting a combined $25 million in cash bonuses.

The suit argues that the $21 billion price tag undervalues WWE. It’s “far below the offers” the board could’ve obtained from multiple other bidders had it “made any effort to negotiate in good faith,” investors claim.

According to the complaint, McMahon and his allies on the board “timed negotiations” to favor a deal with Endeavor, including by providing early due diligence and backchanneling information to the company so that it was able to make an early offer. During this process, WWE only secured a budget for UFC’s current fiscal year rather than insisting on a full set of multi year projections, as is customary, despite agreeing to merger consideration that depended on valuing UFC accurately, the suit says. By rushing to secure a merger with Endeavor without conducting adequate due diligence, investors argue the board got an unfavorable deal in agreeing to a 51-49 split.

The complaint, filed by an Ohio pension fund, names McMahon, Khan, Levesque, Barrios and Wilson, among others. It contains various claims for breach of contract and seeks to represent all stockholders who cashed out their shares in the merger.

WWE didn’t respond to a request for comment.

source: Hollywood Reporter