TKO Group Holdings

{{Main|History of WWE|Ultimate Fighting Championship#History}}

File:Vince McMahon 2.jpg, a third-generation wrestling promoter and co-founder of Titan Sports, Inc., originally served as Executive Chairman of TKO Group Holdings.]]

WWE was founded in 1953 as the Capitol Wrestling Corporation (CWC), a Northeastern territory of the National Wrestling Alliance (NWA).{{cite web|title=New WWE Stamford headquarters opening scheduled for early 2023|url=https://www.ctinsider.com/business/article/WWE-stamford-new-headquarters-17674917.php|access-date=7 May 2024}} The CWC was run by Vincent J. McMahon, son of boxing and wrestling promoter Jess McMahon. Following a booking dispute over CWC wrestler Buddy Rogers and the NWA World Heavyweight Championship, the CWC left the NWA and became the World Wide Wrestling Federation (WWWF) in January 1963, and, by April 25, 1963, Rogers was declared the first WWWF World Heavyweight Champion. The WWWF was renamed to the World Wrestling Federation (WWF) in 1979; the WWF made its final departure from the NWA in 1983.

The current legal entity, which was originally named Titan Sports, Inc., was incorporated on February 21, 1980, in South Yarmouth, Massachusetts, but reincorporated under Delaware General Corporation Law in 1987. Titan Sports was co-founded by Vince McMahon, Vincent J.'s son, and his wife Linda. It acquired Capitol Wrestling Corporation Ltd., the holding company for the WWF, in 1982. After buying the WWF, Vince McMahon expanded the promotion by overturning the NWA's territory system and holding events around the United States and the world which were televised on a global basis.

Throughout the 1980s WWF begun to capitalize on the popularity of rising star Hulk Hogan after he defeated The Iron Sheik at Madison Square Garden on January 23, 1984 to capture the WWF World Heavyweight Championship. On March 31, 1985 WWF held the first WrestleMania, which would go on to become WWF's flagship event. Initially broadcast on closed-circuit television, WrestleMania became a pay-per-view the following year,{{cite web|title=A Look at WWE Pay-Per-View Changes|url=https://bleacherreport.com/articles/349321-a-look-at-wwe-pay-per-view-changes|publisher=Bleacher Report|access-date=14 May 2024}} as WWF expanded its pay-per-view offerings and became known as a pioneer for the relatively new distribution format.{{cite web|title=Pro Wrestling a Pioneer in Pay-Per-View Game|date=October 29, 1991|url=https://www.chicagotribune.com/1991/10/29/pro-wrestling-a-pioneer-in-pay-per-view-game/|publisher=Chicago Tribune|access-date=14 May 2024}} In January 1993, WWF introduced its live, weekly episodic television show, Monday Night Raw.{{cite web|title=The WWE Universe Creates Wild Fan Films To Honor 30 Years of Monday Night RAW|date=January 24, 2023|url=https://www.usanetwork.com/usa-insider/wwe-fan-films-30-years-monday-night-raw|publisher=USA Network|access-date=14 May 2024}}

WWF became a publicly traded company in August 1999, launching an initial public offering on the New York Stock Exchange.{{cite web|title=WWF pins IPO|url=https://money.cnn.com/1999/08/03/companies/wrestling/|publisher=CNN|access-date=14 May 2024}} The company's status as the world's premier professional wrestling organization was cemented by its acquisition of the assets of World Championship Wrestling in 2001 following the Monday Night War.

Titan Sports was renamed World Wrestling Federation Entertainment, Inc. in 1999, and then World Wrestling Entertainment, Inc. in 2002 after a legal dispute with the World Wildlife Fund. Since 2011, the company has branded itself solely with the initials WWE, though the legal name did not change at the time.{{cite press release|last1=Sacco|first1=Justine|last2=Weitz|first2=Michael|date=April 7, 2011|title=The New WWE|url=https://corporate.wwe.com/news/company-news/2011/04-07-2011|location=Connecticut|publisher=WWE|access-date=November 25, 2021|archive-url=https://web.archive.org/web/20180503100415/https://corporate.wwe.com/news/company-news/2011/04-07-2011|archive-date=May 3, 2018|url-status=live}}

WWE's majority owner was its executive chairman, third-generation wrestling promoter Vince McMahon, who retained a 38.6% ownership of the company's outstanding stock and 81.1% of the voting power before the merger. The closure of the merger saw McMahon's voting power and stock ownership dramatically decrease.

File:Ari Emanuel (27449561892) (2).jpg, the CEO and Executive Chair of TKO Group Holdings.]]

The Ultimate Fighting Championship (UFC), initially under the ownership of the Semaphore Entertainment Group, was founded by American businessman Art Davie and Brazilian martial artist Rorion Gracie with their partners in WOW Promotions.Gentry III, Clyde, No Holds Barred: Evolution, Archon Publishing, 2001, 1st ed., {{ISBN|0-9711479-0-6}}, pages 24–29.{{cite web|date=April 27, 2012|title=Royce Gracie's Legacy, BJJ's Relevance on the Decline in Modern MMA|url=http://bleacherreport.com/articles/1163248-royce-gracies-legacy-bjjs-relevance-on-the-decline-in-modern-mma|archive-url=https://ghostarchive.org/archive/20211018/http://bleacherreport.com/articles/1163248-royce-gracies-legacy-bjjs-relevance-on-the-decline-in-modern-mma|archive-date=2021-10-18|access-date=November 19, 2012|work=Bleacher Report}}{{cbignore}} The first UFC event was held in November 12, 1993 at the McNichols Sports Arena in Denver, Colorado.{{cite news|url=http://www.pittsburghlive.com/x/pittsburghtrib/sports/s_630997.html|title=Former UFC champ helps promote Pittsburgh event|last=Stefano|first=Dan|date=June 25, 2009|newspaper=Pittsburgh Tribune-Review|access-date=June 27, 2009|url-status=dead|archive-url=https://web.archive.org/web/20090701071321/http://www.pittsburghlive.com/x/pittsburghtrib/sports/s_630997.html|archive-date=July 1, 2009}} The purpose of the early ultimate fighting competitions was to identify the most effective martial art in a contest with minimal rules and no weight classes between competitors of different fighting disciplines. In subsequent events, more rigorous rules were created and fighters began adopting effective techniques from more than one discipline, which indirectly helped create a separate style of fighting known as present-day mixed martial arts (MMA).

In April 1995, following UFC 5, Davie and Gracie sold their remaining interest in the UFC to the Semaphore Entertainment Group and disbanded WOW Promotions.{{cite AV media|url=https://www.youtube.com/watch?v=rKcGzFRzhI0|title=Art Davie on His Decision to Sell His Stake in the UFC|date=August 21, 2019|via=YouTube|author=Bare Knuckle News}} Six years later in 2001, Zuffa, a sports promotion company headed by Frank and Lorenzo Fertitta, purchased the UFC from the Semaphore Entertainment Group. Zuffa's ownership led to a growth period for the company and the sport of MMA in general; the UFC's global leadership in the sport led to Zuffa buying the assets of the Pride Fighting Championships in 2007 and the Strikeforce promotion in 2011 (among other MMA promotions). In 2016, Zuffa was sold to a group led by Endeavor, then known as William Morris Endeavor (WME–IMG), including Silver Lake Partners, Kohlberg Kravis Roberts and MSD Capital{{cite web|url=https://www.nytimes.com/2016/07/11/business/dealbook/ufc-sells-itself-for-4-billion.html|title=U.F.C. Sells Itself for $4 Billion|newspaper=The New York Times|last=de la Merced|first=Michael|date=July 11, 2016|access-date=October 8, 2019}} for US$4.025 billion.{{cite web|url=http://www.hotnewhiphop.com/cam-newton-ll-cool-j-the-weeknd-and-others-make-major-investment-in-ufc-news.24474.html?|archive-url=https://ghostarchive.org/archive/20211018/http://www.hotnewhiphop.com/cam-newton-ll-cool-j-the-weeknd-and-others-make-major-investment-in-ufc-news.24474.html?|archive-date=2021-10-18|title=UFC sold to WME-IMG|last=Rooney|first=Kyle|website=HNHH|date=September 30, 2016|access-date=October 1, 2016}}{{cbignore}} In 2017, WME–IMG changed its holding name to Endeavor and four years later, in 2021, Endeavor bought out Zuffa's other owners at a valuation of $1.7 billion.

On June 17, 2022, amid allegations of misconduct, Vince McMahon stepped down as the chairman and CEO of WWE, leaving the company to his daughter, Stephanie McMahon, and Nick Khan. In January 2023, Vince stated his intention to return to WWE ahead of media rights negotiations. WWE's media rights with Fox and USA Network were set to expire in 2024.{{cite web|url=https://www.espn.com/wwe/story/_/id/35388281/vince-mcmahon-back-wwe-ahead-media-rights-negotiations|title=Vince McMahon back at WWE ahead of media rights negotiations|last=Coppinger|first=Mike|website=ESPN.com|date=January 6, 2023|access-date=January 6, 2023}} That same month, JPMorgan were hired to handle a possible sale of the company, with rumored suitors having included Comcast and Fox Corporation (owners of WWE's broadcast partners USA Network and Fox), The Walt Disney Company (owners of ESPN), Warner Bros. Discovery (media partners of All Elite Wrestling), Netflix, Amazon, Endeavor (WWE had an existing business relationship with its subsidiary Endeavor Streaming, which took over the technical operations of its streaming service WWE Network in 2019), Liberty Media, Creative Artists Agency, and Saudi Arabia's Public Investment Fund (WWE has a long-term agreement with Saudi Arabia's Ministry of Sport to promote events in the country).{{cite web|url=https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html|title=Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it|last=Sherman|first=Alex|work=CNBC|date=January 7, 2023|access-date=January 10, 2023}}{{cite web|url=https://frontofficesports.com/public-investment-fund-saudi-arabia-wwe-sale-liv-golf-vince-mcmahon/|title=Saudi Public Investment Fund Could Bid On WWE|last1=Mcharthy|first1=Michael|last2=Perez|first2=A.J|work=Front Office Sports|date=January 6, 2023|access-date=January 10, 2023}}

On January 10, 2023, Stephanie McMahon resigned as WWE's chairwoman and co-CEO, after which Vince McMahon assumed the role of executive chairman of WWE while Nick Khan became the sole CEO.{{cite web|url=https://corporate.wwe.com/news/company-news/2023/01-10-2023|title=WWE Board of Directors unanimously elects Vince McMahon executive Chairman of the board|work=WWE|date=January 10, 2023|access-date=January 10, 2023}}

In September 2023, Endeavor Group Holdings, UFC and WWE formed a new publicly traded company, TKO Group Holdings, Inc. The new entity went public on September 12, 2023 and is listed on the New York Stock Exchange (NYSE) under the symbol "TKO".

At the close of the deal, Endeavor held a 51% stake in TKO Group Holdings, with WWE's shareholders having a 49% stake, valuing WWE at $9.3 billion.{{Cite web|last=Sherman|first=Alex|date=April 3, 2023|title=WWE agrees to merge with UFC to create a new company run by Ari Emanuel and Vince McMahon|url=https://www.cnbc.com/2023/04/03/wwe-ufc-merger-endeavor.html|access-date=April 3, 2023|work=CNBC}}{{Cite web|last1=Szalai|first1=Georg|last2=Vlessing|first2=Etan|date=2023-04-03|title=Endeavor's UFC, WWE to Merge; Ari Emanuel to Serve as CEO, Vince McMahon as Executive Chair|url=https://www.hollywoodreporter.com/business/business-news/wwe-ufc-merger-endeavor-vince-mcmahon-1235365885-1235365885/|access-date=2023-04-03|work=The Hollywood Reporter}} This marked the first time that WWE had not been majority-controlled by members of the McMahon family.{{Cite web|last=Sherman|first=Alex|date=April 2, 2023|title=WWE near deal to be sold to UFC parent Endeavor, sources say|url=https://www.cnbc.com/2023/04/02/wwe-ufc-endeavor-deal.html|access-date=April 2, 2023|work=CNBC}} Endeavor CEO Ari Emanuel became CEO of TKO and Mark Shapiro became president and chief operating officer, with each maintaining their respective roles at Endeavor. UFC and WWE continued to operate as separate divisions under TKO, with Dana White as CEO of the UFC and Nick Khan serving as president of WWE post-merger.{{cite web|author=Burack, Bobby|date=April 3, 2023|title=WWE CEO NICK KHAN TALKS WWE/UFC MERGER|url=https://www.outkick.com/wwe-ceo-nick-khan-talks-wwe-ufc-merger/|accessdate=April 5, 2023|work=OutKick}}{{cite web|author=PWMania|date=May 3, 2023|title=Nick Khan And Triple H Discuss WWE – Endeavor|url=https://www.pwmania.com/nick-khan-and-triple-h-discuss-wwe-endeavor-why-raw-and-smackdown-ratings-rising-more|accessdate=May 3, 2023|work=PWMania}} WWE's head of creative Paul Levesque remained in his role.{{Cite web|date=2023-04-03|title=Vince McMahon: I will remain involved in WWE creative at a 'higher level'|url=https://www.f4wonline.com/news/wwe/vince-mcmahon-i-will-remain-involved-in-wwe-creative-at-a-higher-level|access-date=2023-04-03|work=Wrestling Observer/Figure Four Online}}

When the merger was first announced in April 2023, Emanuel stated that it would "bring together two leading pureplay sports and entertainment companies" and provide "significant operating synergies". McMahon stated that "family businesses have to evolve for all the right reasons", and that "given the incredible work that Ari and Endeavor have done to grow the UFC brand — nearly doubling its revenue over the past seven years — and the immense success we've already had in partnering with their team on a number of ventures, I believe that this is without a doubt the best outcome for our shareholders and other stakeholders."

The merger closed on September 12, 2023;{{cite web|url=https://otp.tools.investis.com/clients/us/wwe/SEC/sec-show.aspx?FilingId=16853747&Cik=0001091907&Type=PDF&hasPdf=1|title=NEW WHALE INC.* WORLD WRESTLING ENTERTAINMENT, INC.|work=U.S. Securities and Exchange Commission|accessdate=August 16, 2023}} with Vince McMahon personally owning approximately one-third of the Class A Common Stock of TKO Group Holdings, Inc.{{cite web|title=SCHEDULE 14C INFORMATION|url=https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317703901&type=HTML&symbol=WWE&cdn=a772878cb281b5da37d4daaffaf6d35e&companyName=World+Wrestling+Entertainment+Inc.+Class+A&formType=DEFM14C&formDescription=Definitive+information+statement+relating+to+merger+or+acquisition&dateFiled=2023-08-22|publisher=Nasdaq|access-date=August 25, 2023|page=248|date=August 22, 2023}} The first television show produced under the TKO banner was the September 12 episode of WWE NXT.{{cite web|url=https://www.wwe.com/shows/wwenxt/2023-09-12|title=WWE NXT results, Sept. 12, 2023: Becky Lynch dethrones Tiffany Stratton to become the new NXT Women's Champion|work=WWE|date=September 12, 2023|accessdate=November 3, 2023}} Following the merger, Dana White was made CEO of UFC.{{cite web|url=https://www.si.com/fannation/mma/ufc-ceo-dana-white-compliments-combat-sports-art|title=UFC CEO Dana White Compliments Art Form of Combat Sports: 'We Get It and We Like It'|date=March 31, 2024 }}

In January 2024, a lawsuit was filed by Janel Grant, a former employee at WWE headquarters between 2019 and 2022 against WWE as well as TKO (by proxy of ownership). Grant alleged that the then current TKO Executive Chairman Vince McMahon, had coerced her into a sexual relationship, and, along with WWE executive John Laurinaitis and a WWE wrestler who was also a former UFC fighter,{{efn|name=lower-aplha|The WWE/UFC talent in question was not named in the lawsuit, but was believed to be by The Wall Street Journal as Brock Lesnar.}} sexually trafficked her and repeatedly sexually assaulted her between 2020–2021. Grant alleged that she was subjected to "extreme cruelty and degradation" by McMahon, including being defecated upon during a sexual encounter. Grant stated that McMahon had agreed to pay her $3 million in 2022 in return for a NDA, but stopped paying after only $1 million had been paid following the initial public emergence of the sexual misconduct allegations the same year.{{cite news|last1=Safdar|first1=Khadeeja|title=Vince McMahon Accused of Sex Trafficking by WWE Staffer He Paid to Keep Quiet|url=https://www.wsj.com/business/vince-mcmahon-accused-of-sex-trafficking-by-wwe-staffer-he-paid-to-keep-quiet-0b19b21c|access-date=January 25, 2024|url-access=subscription|work=The Wall Street Journal|date=January 25, 2024|archive-url=https://archive.today/20240125190915/https://www.wsj.com/business/vince-mcmahon-accused-of-sex-trafficking-by-wwe-staffer-he-paid-to-keep-quiet-0b19b21c|archive-date=January 25, 2024}} Federal prosecutors have subpoenaed McMahon, and have taken up the filing in question. One day after the report – on January 26, 2024 – Vince McMahon resigned from TKO. In a statement, McMahon said the decision was made "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".{{cite news|last1=Patten|first1=Dominic|title=Vince McMahon Resigns From Endeavor-Owned Sports Group After Horrific Rape & Sex Trafficking Claims|url=https://deadline.com/2024/01/vince-mcmahon-resigns-rape-lawsuit-tko-group-holding-sex-trafficking-1235805961/|access-date=January 27, 2024|work=Deadline|date=January 26, 2024|archive-url=https://web.archive.org/web/20240127013826/https://deadline.com/2024/01/vince-mcmahon-resigns-rape-lawsuit-tko-group-holding-sex-trafficking-1235805961/|archive-date=January 27, 2024}}{{Cite web|date=2024-01-27|title=Vince McMahon resigns from roles with WWE, TKO Group amid sexual assault and trafficking allegations|url=https://www.cbssports.com/wwe/news/vince-mcmahon-resigns-from-roles-with-wwe-tko-group-amid-sexual-assault-and-trafficking-allegations/|access-date=2024-02-22|website=CBSSports.com|language=en}}{{Cite news|last=Draper|first=Kevin|date=2024-01-27|title=Vince McMahon Cuts W.W.E. Ties After Sex Trafficking Accusation|url=https://www.nytimes.com/2024/01/26/business/vince-mcmahon-resigns-wwe.html|access-date=2024-02-22|work=The New York Times|language=en-US|issn=0362-4331}}{{Cite web|date=2024-01-27|title=McMahon resigns from TKO following allegations|url=https://www.espn.in/wwe/story/_/id/39396125/vince-mcmahon-resigns-following-allegations-sexual-misconduct|access-date=2024-02-22|website=ESPN|language=en}}

In July 2024, TKO Group announced an investment in EverPass Media, an NFL-backed distributor of streaming pay television content to commercial establishments. Shapiro joined the company's board of directors.{{Cite web|last=Hayes|first=Dade|date=2024-07-02|title=UFC & WWE Parent TKO Group Invests In EverPass Media, A Distributor Of NFL Sunday Ticket And Other Sports Properties To Commercial Businesses|url=https://deadline.com/2024/07/ufc-wwe-parent-tko-everpass-media-nfl-sunday-ticket-1235999696/|access-date=2024-07-02|website=Deadline|language=en-US}}{{Cite web|last=Winslow|first=George|date=2024-07-02|title=EverPass Media Acquires UPshow|url=https://www.tvtechnology.com/news/everpass-media-acquires-upshow|access-date=2024-07-02|website=TVTechnology|language=en}}

On October 23, 2024, it was announced that TKO Group would acquire several businesses from Endeavor, including sports and event management firm IMG (aside from "businesses associated with the IMG brand in licensing, models, and tennis representation, nor IMG's full events portfolio"), On Location Experiences (a luxury hospitality agency focused on major sporting events), and Professional Bull Riders (PBR), for $3.25 billion in an all-stock deal expected to close in 2025. Shapiro stated that Silver Lake Partners had requested the divestment of certain Endeavor assets as part of its planned buyout of the company, and that Endeavor had approached TKO Group with an offer. He explained that TKO was interested in league ownership and "businesses that can power our current sports ecosystem", while the company stated that it would "[expand] TKO's operational footprint in the fast-growing premium sports market and enables direct participation in the upside from partner leagues and events." Under the terms of the deal, Endeavor will own 59% of TKO and the remaining shareholders will control the other 41%.{{Cite web|last=Sherman|first=Alex|date=2024-10-24|title=TKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion|url=https://www.cnbc.com/2024/10/24/tko-group-to-acquire-img-pbr-and-on-location-from-endeavor.html|access-date=2024-11-14|website=CNBC|language=en}}{{Cite web|last=Spangler|first=Todd|date=2024-10-24|title=TKO Group Will Acquire PBR, IMG and On Location From Majority Owner Endeavor in $3.25 Billion Deal|url=https://variety.com/2024/biz/news/tko-acquires-pbr-img-on-location-endeavor-1236189455/|access-date=2024-11-14|website=Variety|language=en-US}} The sale was officially completed on February 28, 2025.{{Cite web|date=2025-02-28|title=TKO Completes Acquisition of Sports Assets From Endeavor|url=https://investor.tkogrp.com/news/news-details/2025/TKO-Completes-Acquisition-of-Sports-Assets-From-Endeavor/default.aspx|access-date=2025-02-28|website=TKO|language=en-US}} To promote the acquisition, TKO staged a series of consecutive PBR, UFC, and WWE events billed as "TKO Takeover" on April 24, 26, and 28, at T-Mobile Center in Kansas City, consisting of a PBR team knockout event, a UFC on ESPN card, and WWE Raw respectively.{{Cite web |date=2025-05-11 |title=TKO stages a big weekend in Kansas City |url=https://www.sportsbusinessjournal.com/Articles/2025/04/25/big-kc-stampede/ |access-date=2025-05-11 |website=Sports Business Journal |language=en}}{{Cite web |last=Coffey |first=Brendan |date=2025-02-26 |title=TKO Schedules First UFC, WWE, PBR ‘Takeover’ in Kansas City |url=https://www.sportico.com/leagues/other-sports/2025/ufc-wwe-pbr-takeover-kansas-city-tko-holdings-1234832113/ |access-date=2025-05-11 |website=Sportico.com |language=en-US}}

On March 5, 2025, TKO announced a partnership with Turki Al-Sheikh, the chairman of the Saudi General Entertainment Authority, and Saudi entertainment conglomerate Sela to launch a new boxing promotion in 2026.{{cite news|last1=Coppinger|first1=Mike|title=TKO Group partners with Saudis to form new boxing promotion|url=https://www.espn.com/boxing/story/_/id/44120770/tko-group-partners-saudis-form-new-boxing-promotion|access-date=2025-03-05|work=ESPN.com|date=2025-03-05}}

On April 19, 2025, it was announced that via WWE, TKO would acquire the Mexican lucha libre promotion Lucha Libre AAA Worldwide in a joint venture with Fillip, a Mexican sports and entertainment company.{{Cite web|last=Liam|date=2025-04-19|title=WWE Acquires Mexican Lucha Libre Promotion AAA|url=https://wrestletalk.com/news/wwe-acquires-mexican-lucha-libre-promotion-aaa/|access-date=2025-04-19|website=WrestleTalk|language=en-US}} The sale is expected to close in the third quarter of 2025, with TKO holding a 51% controlling stake.{{Cite web |date=2025-04-25 |title=More on When WWE Will Take Over AAA, Details On Other Company Involved In Deal |url=https://411mania.com/wrestling/more-when-wwe-take-over-aaa-details-other-company-involved/ |access-date=2025-05-11 |website=411MANIA |language=en-US}}{{Cite web |date=2025-04-19 |title=WWE News: WWE acquires AAA promotion |url=https://www.f4wonline.com/news/wwe/wwe-acquires-aaa-lucha-libre/ |access-date=2025-05-11 |website=F4W/WON |language=en-GB}}

As of June 2025,{{cite web|url=https://wrestlenomics.com/articles/2024/who-owns-wwe-after-the-tko-merger-and-before/|title=Who owns WWE after the TKO merger (and before) {{!}} Vince McMahon, Dwayne Johnson, Ari Emanuel ownership – as of June 2025|author=Thurston, Brandon|date=May 20, 2025|accessdate=May 20, 2025}} the ownership structure of TKO Group Holdings consists of:

• Endeavor (via Silver Lake) and Ari Emanuel – 61.72%
• WWE shareholders – 38.28%
• Various stockholders – 24.65%
• McMahon family – 4.54%
• Vince McMahon – 3.25%
• Stephanie McMahon – 0.98%
• Linda McMahon – 0.29%
• Paul Levesque – 0.02%
• The Vanguard Group – 4.03%
• State Street Corporation – 2.54%
• BlackRock – 2.20%
• Dwayne Johnson – 0.17%
• Nick Khan – 0.11%
• Andrew Schleimer – 0.04%
• Jonathan Kraft (Kraft Group) – 0.02%

The board of directors of TKO Group Holdings initially consisted of eleven members. On January 23, 2024, the TKO board of directors would be increased from eleven members to thirteen members.{{cite news|date=January 23, 2024|title=TKO Appoints Dwayne Johnson to Board of Directors|url=https://investor.tkogrp.com/news/news-details/2024/TKO-Appoints-Dwayne-Johnson-to-Board-of-Directors/default.aspx|accessdate=January 23, 2024|work=TKO Group Holdings}} Following this, WWE underwent some changes, which included broadcast deals with different partners (including Netflix) and giving up ownership of Dwayne Johnson's trademarked name "The Rock" to Johnson, who would also join TKO's board of directors.{{cite news|date=January 23, 2024|title=TKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'|url=https://www.cnbc.com/video/2024/01/23/tko-ceo-ari-emanuel-netflix-deal-strengthens-the-wwe-brand-on-a-global-basis.html|accessdate=January 23, 2024|publisher=CNBC}} The board of directors shrunk to twelve members on January 26, 2024 after board of directors member and Executive Chairman Vince McMahon resigned from TKO following sex trafficking and sexual assault allegations involving a former WWE employee.{{cite web|url=https://www.postwrestling.com/2023/08/10/board-members-revealed-for-tko-group-holdings/|title=Board members revealed for TKO Group Holdings|author=Thompson, Andrew|work=Post Wrestling|date=August 10, 2023|accessdate=August 16, 2023}}{{Cite web|last=Patten|first=Dominic|date=2024-01-27|title=Vince McMahon Resigns From Endeavor-Owned Sports Group After Horrific Rape & Sex Trafficking Claims|url=https://deadline.com/2024/01/vince-mcmahon-resigns-rape-lawsuit-tko-group-holding-sex-trafficking-1235805961/|access-date=2024-01-27|website=Deadline}}

The board of directors of TKO Group Holdings currently consists of these twelve members:

• World Wrestling Entertainment (WWE)
• Lucha Libre AAA Worldwide (51% with Fillip Holdings)
• Tapout (50% with Authentic)
• Real American Beer (minority owner)
• TSI Realty Services, Inc.
• WWE Jet Services Inc.
• WCW Inc.
• WWE Books
• WWE Music Group
• WWE Performance Center
• WWE Recruit
• WWE Studios
• WWE Legacy Department
• American Wrestling Association
• Minneapolis Boxing & Wrestling Club
• Central States Wrestling (select footage)
• Midwest Wrestling Association
• Championship Wrestling from Florida
• Championship Wrestling from Georgia
• Deep South Wrestling (select footage)
• Dragon Gate USA
• Evolve
• Extreme Championship Wrestling
• Eastern Championship Wrestling
• Florida Championship Wrestling
• Georgia Championship Wrestling (select footage)
• Global Wrestling Federation
• Heartland Wrestling Association (select footage)
• International Championship Wrestling
• Jim Crockett Promotions
• Eastern States Championship Wrestling
• Mid-Atlantic Championship Wrestling
• Maple Leaf Wrestling
• Queensbury Athletic Club
• Memphis Championship Wrestling
• Ohio Valley Wrestling (select footage)
• Smoky Mountain Wrestling
• Stampede Wrestling (select footage)
• Big Time Wrestling
• Klondike Wrestling
• Wildcat Wrestling
• St. Louis Wrestling Club
• Ultimate Pro Wrestling
• Universal Wrestling Federation
• Mid-South Wrestling
• NWA Tri-State
• World Class Championship Wrestling (select footage)
• NWA Big Time Wrestling
• World Class Wrestling Association
• World Championship Wrestling
• World Wrestling Council (select footage)
• Capitol Sports Promotions
• Ultimate Fighting Championship (UFC){{efn|At the close of the merger, all Zuffa assets (including the UFC) were transferred to a subsidiary named TKO Operating Company, LLC.{{cite web|title=SCHEDULE 14C INFORMATION|url=https://www.sec.gov/Archives/edgar/data/1973266/000197326624000013/tko-20240331x10q.htm|publisher=UNITED STATES SECURITIES AND EXCHANGE COMMISSION|access-date=March 31, 2024|date=March 31, 2024}}}}
• UFC Apex
• UFC Fight Pass
• UFC Gym
• UFC Fit
• UFC Performance Institute
• UFC Performance Institute Shanghai
• UFC Performance Institute Mexico City
• UFC Store
• Zuffa (assets)
• Pride Fighting Championships
• Strikeforce
• World Extreme Cagefighting
• World Fighting Alliance
• Professional Bull Riders (PBR)
• American Bucking Bull
• IMG
• Various IMG assets
• On Location Events
• Unnamed boxing promotion{{efn|The promotion will be ran as a partnership between TKO, Turki Al-Sheikh, the chairman of the General Entertainment Authority of Saudi Arabia, and Saudi entertainment conglomerate Sela.}} (launching in 2026)

• Professional wrestling in the United States
• Mixed martial arts in the United States

{{Notelist}}

{{Reflist}}

• {{Official website}}

{{Finance links|name=TKO Group Holdings, Inc. (Class A)|symbol=TKO|sec_cik=1973266|google=TKO:NYSE|yahoo=TKO|reuters=TKO.N}}

{{TKO Group Holdings}}

{{WWE}}

{{Ultimate Fighting Championship}}

{{Professional wrestling in the United States}}

{{Mixed martial arts}}

{{authority control|state=expanded}}

Category:2023 establishments in New York City

Category:American companies established in 2023

Category:Companies listed on the New York Stock Exchange

Category:Mass media companies established in 2023