Who Is Vince McMahon, WWE Chairman Who Resigned Amid Allegations Of Sexual Misconduct

Grant alleged that McMahon, 78, coerced her into a sexual relationship as a condition for her job and shared explicit content of her with others, including WWE employees.

Wrestling icon Vince McMahon resigned from WWE's parent company, TKO Group Holdings, on Friday. The move comes in the wake of a federal lawsuit filed by former employee Janel Grant, accusing McMahon and another former executive of serious sexual misconduct. 

Grant alleged that McMahon, 78, coerced her into a sexual relationship as a condition for her job and shared explicit content of her with others, including WWE employees.

McMahon, denying any wrongdoing, cited his resignation as a gesture of respect for WWE. "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. I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name," he said in the statement, according to Business Insider.