October 29th 2024.
In January of 2024, it was announced that Vince McMahon would be stepping down from his position with WWE parent company TKO. However, recent reports have revealed that McMahon is already plotting a comeback, despite facing allegations of sexual assault and sex trafficking.
The former WWE boss, who was the focus of the popular Netflix documentary series "Mr. McMahon," is no longer involved with the professional wrestling giant and is currently under federal investigation for the allegations made by former employee Janel Grant. McMahon has denied these allegations.
According to sources, McMahon is in the process of setting up a new company that will focus on producing movies and television projects. Unlike WWE, this company will focus on both fiction and non-fiction projects. It has been reported that several WWE alumni are already involved in this venture and are working closely with McMahon to prepare for its official launch, which will likely happen once his legal issues are resolved.
It is believed that many former WWE executives who previously worked under McMahon will also be involved in this new company. This news comes as McMahon's life story has recently been the subject of a Netflix docuseries.
McMahon resigned as executive chairman of TKO in January 2024 amid allegations of sex trafficking and abuse. Grant's lawsuit against him was put on hold in May at the request of the US Attorney for the Southern District of New York, in order to allow for a federal investigation. The lawsuit contains graphic descriptions of how Grant was allegedly raped and abused by McMahon and other WWE executives.
Despite the allegations, McMahon has maintained his innocence and has repeatedly denied the accusations against him. He is also facing a separate lawsuit that claims he ignored sexual abuse within WWE. The lawsuit also names WWE, McMahon, TKO, and McMahon's wife Linda McMahon, with claims of negligence that allowed for the exploitation and abuse of "ring boys" by former employee Melvin Phillips Jr. Phillips Jr. passed away in 2012, but his tenure at WWE spanned from the 1970s to the early 1990s.
McMahon's attorney, Jessica Rosenberg, has stated that the allegations are false and stemmed from reporting in the 1990s. She is confident that the court will find these claims to be untrue and unfounded. On the other hand, an attorney for Janel Grant has stated that the allegations in the "ring boys" lawsuit are deeply troubling. They believe that McMahon has made sexual abuse and human trafficking a part of WWE's culture for decades, and that survivors like Grant deserve their day in court.
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