April 22, 2024 Observer Newsletter: Vince McMahon’s future, Marigold & WWE, AEW Dynasty preview

The end of any connection with Vince McMahon, the most powerful and influential figure in the history of pro wrestling, is now imminent.

McMahon has been completely out of power since resigning under pressure just prior to the Royal Rumble after the Janel Grant lawsuit and the threat of sponsor pullouts. But his last connection to the business, being the largest individual shareholder in TKO, is about to become a thing of the past.

McMahon has registered to sell his remaining 8,021,405 shares in TKO.

In something unrelated, WWE President Nick Khan has registered to sell 234,424 shares. The remaining shares McMahon is looking to sell would be worth about $781 million, while the shares Khan is looking to sell are worth about $23 million.

While my belief is that McMahon is done in wrestling, given he’s 78 years old, from a legal standpoint he does have a one-year non-compete. This would end in late January 2025. He can, at that point, start up a new promotion.

Other stories this week include:

• An inside look at Rossy Ogawa’s Marigold and its WWE relationship
• Why this weekend’s AEW Dynasty is so important
• A criminal complaint against Dos Caras
• A recap of all the week’s TV shows, events, and UFC 300

Subscribers can click here to read this week’s issue.