CNN —
Vince McMahon has resigned from his role as executive chairman of TKO, the parent company of WWE, following disturbing allegations of sexual assault, trafficking and physical abuse.
The allegations came to light in a lawsuit filed by a former WWE staffer, Janel Grant, who worked at the headquarters of the wrestling behemoth McMahon founded.
McMahon has denied the allegations, and said he is prepared to defend himself in court. But, in a statement Friday, McMahon said that he has resigned.
“Out of respect for the WWE Universe, the extraordinary TKO business
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