McMahon TKO Resignation Invites WWE Scrutiny
In the wake of WWE founder Vince McMahon abruptly resigning Friday as executive chairman of TKO Holdings following a sex trafficking lawsuit, McMahon’s continued involvement with WWE may spark its own...
View ArticleUFC Revenue Rises 13% as TKO Sees Early Benefits of WWE Merger
Live events and sponsorship money powered UFC to a 13% rise in 2023 revenue of $1.3 billion, as parent TKO Group Holdings reported its first full quarter as owner of WWE. TKO announced full-year...
View ArticleWWE Founder Vince McMahon Selling $400M in TKO Group Shares
WWE billionaire Vince McMahon is selling more than $400 million of TKO Group shares Monday, less than six months after he sold the wrestling company to Endeavor Group Holdings, which combined WWE with...
View ArticleWWE, Man United Owners Win Big on 2023 Deals as Few Others Profit
As the dust settles from the completion of the most anticipated sports business deals of 2023—the sales of WWE and Manchester United—analysis of stock data shows the sellers collected more than $2...
View ArticleTKO to Pay $335M to Settle UFC Athlete Class-Action Lawsuits
TKO Group Holdings, the parent company of UFC, disclosed that it will pay $335 million to settle two class-action lawsuits filed by former UFC fighters alleging the MMA promoter violated antitrust...
View ArticleUFC’s $335M Antitrust Settlement Details Remain Unknown
The class action antitrust litigation brought by UFC fighters against the MMA promotions company has been tentatively resolved. In a filing by UFC parent TKO Group Holdings to the Securities and...
View ArticleF1 Owner Liberty Media to Buy Motorcycle Racing Circuit MotoGP
Formula 1 owner Liberty Media, led by chairman John Malone and CEO Greg Maffei, has struck a deal to acquire a big majority stake in the company behind the motorcycle racing circuit MotoGP in a deal...
View ArticleVince McMahon Selling $310 Million of Shares to TKO and Endeavor
WWE founder and disgraced former executive chairman of TKO Group Holdings Vince McMahon is selling about $310 million of his shares to Endeavor and back to the company in separate deals disclosed...
View ArticleVince McMahon Lists Final TKO Shares for Sale
WWE founder Vince McMahon is selling the last of his shares in TKO Group Holdings, a move that would end the executive’s association with the business he has worked in for more than 50 years. TKO,...
View ArticleVince McMahon Fires Back in Ex-Employee’s Sex-Trafficking Suit
The enforceability of an arbitration provision has unsurprisingly become the key issue in former WWE employee Janel Grant’s lawsuit against WWE founder Vince McMahon for negligence, battery,...
View ArticleUFC’s $335M Antitrust Settlement Locks in Reduced Non-Competes
The $335 million settlement agreement between UFC’s parent company TKO Group Holdings and two classes of UFC fighters who sued the fight promotion company for antitrust violations was made public...
View ArticleWWE’s WrestleMania, SummerSlam, Royal Rumble Heading to Indy in ’25
Sports entertainment powerhouse WWE has struck a broad-based, first-of-its-kind partnership that will bring three WWE stadium events, including WrestleMania, to Indianapolis, starting with the Royal...
View Article‘Money in the Bank’ 2024 Sets WWE Event Gate Record in Canada
WWE announced Monday its Money in the Bank 2024 event became the company’s highest-grossing arena event in Canada in its history, according to a news release. It also had 46% more viewership than last...
View ArticleESPN’s Joe Tessitore Joins WWE in Play-By-Play Broadcast Role
The WWE has hired another top ESPN personality for its on-air broadcast team. The wrestling giant—owned by TKO Group Holdings—says that it has hired Joe Tessitore as a play-by-play broadcaster,...
View ArticleTKO Raises Revenue Outlook as Live Events Power Q2
Live events sales more than doubled for UFC while WWE’s revenue rose more than 11% to help TKO Group Holdings post $851.2 million in revenue for the second quarter of 2024, ending June 30. The...
View ArticleUFC 306 at Sphere Pulls in Record $22M for UFC, Sphere
The first sports event at the Las Vegas Sphere produced the highest gross revenue for both the venue and UFC, as Saturday night’s 10-fight showcase pulled in $22 million in revenue, according to UFC....
View ArticleUFC, Fighters Reach Revised $375M Class Action Settlement
UFC announced Thursday that it has reached a revised settlement agreement with fighters in the Le antitrust lawsuit. Now comes the hard part: The parties need U.S. District Judge Richard Boulware to...
View ArticleTKO Buying On Location, IMG and PBR in $3.25 Billion Endeavor Swap
Endeavor Group Holdings is sending three business lines—events arm On Location, media rights division IMG and the Professional Bull Riders circuit—to subsidiary TKO Group Holdings in a $3.25 billion...
View ArticleWWE Sponsor, Media Revenue Boost TKO in Q3
UFC and WWE parent TKO Group Holdings beat Wall Street expectations in its third quarter earnings, released Wednesday afternoon. TKO reported revenue of $681.2 million for the period ended Sept. 30,...
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