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


TNT champion battles ROH TV champion tonight on Dynamite

The TNT champion and the ROH TV champion will be going head to head tonight on Dynamite with the...

Raw rating for 01/30/2023

The post-Royal Rumble Raw on Monday drew a total of 2,114,000 viewers, down 230,000 viewers from the 30th anniversary...

Dwayne Johnson to present at The Grammy Awards this Sunday

Dwayne "The Rock" Johnson was not at the Royal Rumble but he will be at the 2023 Grammy Awards. The...