Shares in TKO fell 4.4% today on nearly twice their normal trading volume, closing at $82.73.
I dont even want to get bogged down in the negatives of it.
I just want to focus on the positives and where were going.
Dwayne “The Rock” Johnson celebrated joining the TKO board of directors at the NYSE just two days before Vince McMahon at TKO Group HoldingsMichelle Farsi/Zuffa LLC
Were at the most exciting time of the year for us.
Were at the most exciting point for me, business-wise, that weve ever had.
Asked by a reporter if he had read Grants legal complaint, Leveque said he had not.
That is a very important thing to us, a very important topic to us.
McMahon isnt just any executive, of course.
Fishman issued a report Monday initiating coverage of TKO with a rating of neutral on its shares.
The analyst sees the lawsuit posing incremental brand and legal risks to TKO.
His long-term intentions with his economic interests in TKO must be a consideration as a shareholder, Fishman wrote.
McMahons need to mount a legal defense could mean tapping more equity.
Any of these outcomes could directly or indirectly have adverse financial and operational impacts on our business.
