Vince McMahon Starting a New Wrestling Promotion After WWE Exit? Wrestling Experts Say This Is Unlikely

WWE has now scrubbed any reference to former chairman Vince McMahon following his sexual assault allegations. However, rumors have popped up that he might start a new promotion as he is now selling all his stock at WWE's parent company TKO, which also owns UFC.

These days, the WWE is largely being run by Nick Khan and Paul "Triple H" Levesque, with Vince McMahon, who once had absolute power in the promotion, not having any power at all as he resigned from the company last January over the sexual abuse and sex trafficking lawsuit filed against him.

McMahon's TKO stocks have not been completely sold yet, but many are now questioning his future in the pro wrestling industry should he sell his stocks and be unaffiliated with aany promotion. This has sparked rumors that he may start his own promotion, but Dave Meltzer of the Wrestling Observer thinks he may not do that.

According to Wrestle Talk, "Big Dave," considered one of the most trusted people in wrestling news, spoke to individuals in the business to get their opinions on the matter and the majority of them do not think Vince McMahon would want to return. This is mainly because they think the disgraced former promoter is "completely done with the wrestling business" due to "age, reputation, and lack of openings."

The lawsuit against McMahon was a big factor in this as it would make it hard for the former WWE chairman to get a TV deal and sponsors on board, even if he has "an endless amount of money" from the sale of his TKO stocks. His age may also be a factor as many others that Meltzer spoke to believe that if he was younger, he would give it a go.

In addition, Meltzer noted that "there would be very few people" who are even willing to join McMahon should he begin a new company, as WWE has proven to be a more stable option even without the accused sex offender running the show.

How Much Stock Does Vince McMahon Have in WWE Parent Company TKO?

Vince McMahon entered into a stock sale agreement with TKO earlier this month, and in that agreement, TKO will be purchasing 1.85 million of his shares at a per-share price of $89.01. This means that McMahon may receive an aggregate amount of $165 million.

Meanwhile, Endeavor also agreed to purchase 1.64 million shares of McMahon's Class A common stock of TKO at $89.01 per share, according to Variety. This totals to $146.2 million and when added with the TKO stock, it means that the elder McMahon will receive $311.2 million total from the two stock repurchase deals.

What Is Former WWE Chairman Vince McMahon Accused Of?

Janel Grant, a former WWE employee, has filed a lawsuit against McMahon and former WWE executive John Laurinaitis, claiming that she was "the victim of physical and emotional abuse, sexual assault and trafficking at WWE."

McMahon allegedly took advantage of Grant who was at an entry-level position WWE's legal department. He allegedly began sharing explicit photos and videos of Grant to various men and subjected her to various demeaning sexual acts.

This article is owned by Latin Post.

Written by: Rick Martin

WATCH: What will Vince McMahon do with all that money? | Wrestling Observer Live - F4WOnline