Pat McAfee has slammed reports that Nick Khan has sold shares in TKO, the parent company of WWE following online reports.
On April 26, Brandon Thurston of Wrestlenomics reported that “all of Nick Khan’s shares are also registered for sale”.
This came in the same stock prospectus filing as Vince McMahon selling his remaining TKO shares.
Pat McAfee has addressed the claims that Khan was selling his TKO shares during The Pat McAfee Show that featured an interview with Drew McIntyre, saying:
“You mentioned a few times there, Nick Khan. There were some internet rumors about him too, selling stock and shares and everything like that.
“I, after talking to sources, can report some breaking news: That’s not true.
“[He] has never sold a single share of any stock since getting to the WWE. Hasn’t even put them up for sale, which is an entire process to do that
“So that was a bunch of bullsh*t as well.
“So when you’re talking about the WWE climbing, I love that you’re gonna be around, and I love that Nick Khan is gonna be around.”
In a follow-up post on April 27, Thurston brought some clarity to the reports that Khan was selling his shares, tweeting:
“I don’t at all see Nick Khan listing all his shares for sale as some kind of omen, despite flailing online about it.
“All of his shares as well as all of Vince McMahon’s shares have been listed since September.
“Suddenly attention is being paid for confused reasons. Vince has made sales; there are no records of Nick making sales yet (which would be required due to him being a board member).”
Nick Khan joined WWE in August 2020 as President and Chief Revenue Officer, rising to the role of Co-CEO (with Stephanie McMahon) in July 2022 and becoming sole CEO following Stephanie’s resignation in January 2023.
In 2021, it was reported that “McMahon, Triple H, Nick Khan and a number of other WWE executives have sold off more of their WWE stock.”
The merger that would form TKO Group Holdings was completed on September 12, 2023 with WWE, Endeavor and UFC falling under a single umbrella.
Nick Khan was re-appointed as WWE President in the merger as well as being appointed to the TKO board of directors.
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