TKO GROUP HOLDINGS INC
TKO
Communication Services
3
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
TKO Group Holdings, Inc., the parent company of Ultimate Fighting Championship (UFC) and WWE, is under investigation by multiple securities law firms for potential breaches of fiduciary duty and securities law violations related to its formation and governance. These investigations focus on the conduct of the company's directors and controlling shareholders. In February 2025, the company disclosed $388.5 million in legal settlement costs, which included a major settlement related to the UFC antitrust lawsuit. Separately, former Executive Chair Vincent K. McMahon agreed to pay $1.7 million to settle Securities and Exchange Commission charges related to undisclosed payments, resigning from the TKO board upon notifying them of the settlement.
The NLRB issued a complaint against TKO Group Holdings Inc. (WWE) on October 11, 2023, alleging unlawful interrogation and retaliation against employees for union activities.
TKO Construction Services agreed to pay $300,000 to settle an EEOC lawsuit alleging sex, race, and age discrimination against an employee.
Research Sources
9 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.