WWE Reports Another $5 Million Linked To Vince McMahon


Content of the article

World Wrestling Entertainment on Tuesday revealed additional unrecorded expenses, now totaling $19.6 million, related to former CEO Vince McMahon.

Content of the article

The two additional payments, totaling $5 million, were made in 2007 and 2009 and are not related to an investigation into his alleged misconduct by WWE’s board of directors, the company said in a regulatory filing.

The investigation is still ongoing, the wrestling entertainment company said.

« The Company evaluated the unrecorded expenses and determined that these amounts should have been recorded as expenses in each of the periods in which they became probable and estimable, » WWE said in the filing. He said all payments classified as “unrecorded expenses” were or will be paid by McMahon personally.

Content of the article

We apologize, but this video failed to load.

Last month, the company said it would revise its financial statements for the years ended 2019, 2020 and 2021, as well as the first quarter of 2022, after finding unrecorded expenses of $14.6 million made from 2006.

McMahon, 76, said in July he would retire as CEO and chairman of the company, about a month after stepping down from those roles due to the investigation into alleged misconduct.


Back to top button