WWE has further distanced itself from Vince McMahon after his resignation on Friday.
The 78-year-old has quit his role as executive chairman of TKO after allegations of sex-trafficking by a former WWE employee.
Janel Grant has accused McMahon and former executive John Laurinaitis of sexually assaulting and trafficking her to attract wrestling talent.
McMahon has denied the claims against him.
The former wrestling star said in a statement on Friday: “I stand by my prior statement that Ms Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth.
“Out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents, and all of the employees and Superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately.”
In a staff email obtained by ESPN, WWE president Nick Khan said: “Vince McMahon has tendered his resignation from his positions as TKO Executive Chairman and on the TKO Board of Directors.”
The memo added: “He will no longer have a role with TKO Group holdings or WWE.”
McMahon’s resignation comes 24 hours before the 2024 Royal Rumble and fans noticed a change in the WWE online store.
It is understood the Royal Rumble collection featured a red McMahon shirt, celebrating his 1999 victory.
However, there is now no McMahon content available in the WWE store in Florida or online, aside from merchandise related to his daughter Stephanie.