In a recent address at a technology, media, and telecom conference organized by Morgan Stanley in San Francisco, TKO President Mark Shapiro reiterated that Vince McMahon, the former executive chairman of WWE's parent company, is completely detached from the organization. Shapiro's statement comes in the wake of McMahon's resignation from all roles at TKO and WWE after facing allegations of sexual abuse and manipulation in a lawsuit filed by former WWE employee Janel Grant in late January.

During his speech, Shapiro highlighted McMahon's recent sale of over $400 million in TKO shares, emphasizing that this move solidifies McMahon's departure from the company. "We did not participate in the recent sale... We're not in conversations with him. We don't know his motives, his plans, or his timeline. He doesn't work for the company, doesn't come into the office, and he's not coming back to the company. And that's where we sit," Shapiro affirmed.

This statement builds upon Shapiro's previous remarks during TKO's investor call last week, where he mentioned that the company had not been in contact with McMahon regarding his stake in the organization. The recent statement further reinforces TKO's stance on not re-engaging with the former executive chairman, despite McMahon still retaining approximately 8.5% of all TKO shares even after the recent stock sale.

The sale of McMahon's shares this week, combined with a larger sale that took place in November last year, marks a significant shift in his financial involvement with the company. TKO's management is keen to highlight that McMahon's departure is both definitive and irreversible.

With McMahon's disassociation from WWE's parent company, TKO is actively working towards moving forward and focusing on its future endeavors. The organization remains committed to delivering quality content and expanding its presence in the industry, while assuring investors that McMahon's departure will not hinder their progress.

It is important to note that the allegations against Vince McMahon are still pending legal proceedings, and the outcomes of the lawsuit will determine the impact on his personal and professional life. TKO's management, however, has made it clear that they will continue operating independently without any involvement from McMahon.

As developments unfold, investors and industry insiders will closely monitor the progress and decisions made by TKO in the post-McMahon era, with expectations for continued growth and success in the highly competitive entertainment landscape.