-

WWE Board of Directors investigation on Vince McMahon concluded

The WWE Board of Directors investigation on Vince McMahon and the alleged hush money case has been concluded. The news was part of the press release issued yesterday to announce WWE’s Q3 2022 financial results.

The dent in operating income, which was down 8% year-over-year, was partly blamed on the expenses to cover the cost of the Special Committee investigation into McMahon.

“For the three and nine-month periods ended September 30, 2022, the Company’s consolidated pre-tax results include the impact of $17.7 million and $19.4 million, respectively, associated with certain costs related to the investigation,” the press release said.

The results of the investigation were not revealed and it’s unclear if they ever will be. McMahon is no longer part of WWE’s decision-making, stepping down from all his roles within the company, although he remains the largest shareholder of WWE.

With the investigation complete, the Special Committee has now been disbanded.

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

LATEST NEWS

Categories and nominees for the 2024 Slammys

11 categories make up the 2024 Slammys and voting is now open on the WWE.COM website. The Female Superstar of...

From novice to pro: how to start your gambling journey at 1Win Casino

Starting a gambling journey on a platform does not have to do with just investing your money into the...

Rampage rating for 03/20/2024

Rampage, which aired on Wednesday night immediately following the conclusion of Dynamite on TBS, drew 541,000 viewers, up 214,000...

Discover more from Wrestling-Online.com

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

Continue reading