Vince McMahon, who co-founded the modern WWE in 1982 has resigned as TKO executive chairman and from TKO board. 78-Yr-old McMahon resigned amid a sexual misconduct lawsuit.McMahon’s departure follows allegations by Janel Grant, a former WWE employee accusing him of forced sexual relations and sharing explicit content.McMahon vehemently denies the claims describing the lawsuit as full of lies and a vindictive distortion of the truth.Despite maintaining innocence, McMahon steps down immediately showing respect for WWE Universe, TKO business, and its stakeholders.McMahon, a multibillionaire, previously stepped down as WWE CEO in 2022 amid similar allegations and an internal investigation.WWE president Nick Khan announced McMahon’s resignation in a memo.Khan stated he will no longer be associated with TKO Group Holdings or WWE.McMahon’s resignation adds another chapter to his storied career