From Sportskeeda, 9/21/2023. Vince must actually leave, be removed, or even an announcement of Vince's parting or change of position will resolve the market NO if made before closing date.
Vince McMahon currently serves as the Executive Chairman of TKO Group Holdings following the WWE-UFC merger. However, McMahon is again in a precarious state, as dark clouds have been hovering over his head thanks to his past controversies.
The 78-year-old is currently under federal government investigation due to his hush money scandal, and things look to get more treacherous now. Vince McMahon might be forced to step away from his current position with TKO, as it is seemingly hanging by a thread.
1,000
3.00The Old Man's exit seems imminent.
Can we get some clarity around what "even an announcement of Vince's parting or change of position will resolve the market YES" means? First of all, I think you mean resolve the market NO right? Second of all, if it's announced in December that Vince will be stepping down and his replacement as executive chair will officially take over in May of 2025, then that would resolve the market NO as well...?
@BDStraw Right, if they announce a specific exit date during the market, it would resolve NO, he didn't stay in the position. (And mistake fixed on NO)
Blaming Vince for the stock price seems like it might be a sign of something.
Please make some wrestling markets! Underserved population over here!
@FrederickNorris hahaha I will gladly make some when I'm a bit more liquid. Wrestling and cricket markets on deck. Thanks for clarifying, I still like no announcement this calendar year at 60 but not much more at all than that... Surely he will be there for at least the first wrestlemania but I don't know enough about SEC rules to have insights on how an announcement might actually work. We'll see!