35 million of his shares in TKO, WWE's parent company. The news was unveiled through a TKO filing with the U.S. Securities & Exchange Commission on Monday (Mar. 4).

It is estimated that McMahon will earn upwards of $400 million from this transaction. This sale represents approximately a quarter of the TKO shares he had left after selling more than 8 million shares last November, which amounted to roughly $700 million. Despite the significant divestment, McMahon still holds around 15 million shares of TKO stock, equivalent to ownership of around 8-9% of the company.

The announcement of McMahon's sale has left many speculating about his intentions with the substantial proceeds. As of now, there is no indication of what he plans to do with the funds. It is worth noting that McMahon has previously stated his determination to vigorously contest the sex trafficking lawsuit filed against him by former employee Janel Grant. The lawsuit includes allegations of sexual abuse, which prompted McMahon to step down from all his positions at WWE and TKO in late January. His actions are now under federal investigation.

Officials from TKO revealed that they have not been in contact with McMahon and are unaware of his plans for his stock in the company. This news adds another layer of uncertainty surrounding McMahon's involvement with TKO and his future actions within the organization.

The sale of such a large number of shares by McMahon raises questions about the impact it may have on TKO's future. Furthermore, wrestling enthusiasts and investors alike are left wondering about the potential ripple effects this divestment may have on the company's performance and direction moving forward.

As the situation unfolds, all eyes will be on Vince McMahon to determine how this sale impacts his ongoing legal battle and whether or not it affects the long-term stability of TKO.