Investigation into McMahon’s hush money deals “substantially completed”

The WWE Board of Directors investigation on the Vince McMahon hush money ordeal has so far cost WWE $1.7 million in expenses according to the latest documents filed with the United States Securities and Exchange Commission.

The company anticipates that they will spend around $10 million for the rest of the year in relation to the investigation and cost might also exceed that depending on the outcome.

WWE said that the investigation is “substantially completed.” It is led by Man Jit Singh, the former President of Home Entertainment at Sony Pictures Entertainment, and assisted by the remaining independent WWE Board of Directors members. Executive members Stephanie McMahon, Paul Levesque, and Nick Khan are not part of the investigation.

The filing with the SEC also said that during the six months ended June 30, 2022 and 2021, Vince McMahon made payments of $2,200,000 and $1,200,000 respectively, associated with the previously unrecorded expenses. McMahon will be paying the full $19.6 million that he owes personally to the company, with the majority of the sum already paid.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you


Rampage rating for 02/23/2024

Rampage on Friday night returning to its usual 10PM time slot drew 364,000 viewers, up 64,000 viewers from the...

NXT back live on USA Network tonight, four matches announced

NXT returns with a live broadcast tonight after last week's episode was pre-taped due to some key people behind...

Report: Drew McIntyre has not signed a new WWE deal yet

The Daily Mail is reporting that Drew McIntyre has still not signed a new WWE contract despite the big...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading