While WWE will be paying $105 million to settle their share of the lawsuit brought forward by the WWE shareholders, former WWE Chairman and CEO will also be forking a hefty sum on top of that.
Bloomberg Law is reporting that McMahon will be paying an additional $42.5 million to settle the lawsuit, bringing the total number to $147.5 million.
WWE, through TKO, will only be paying $30 million in reality as the remaining $75 million of their settlement share will be paid by insurance. The company is expecting their insurance premium to rise by a wide margin following this claim.
The settlement is still going through the motions though, with the shareholders filing a letter in court noting a dispute between McMahon and others over the details of their agreements with their respective insurers.
The shareholders also criticized TKO for making partial disclosures in their SEC filing, noting that the filing said that they will pay $105 million when in reality the full settlement was $147.5 million.
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