-

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

Dante Martin of Top Flight suffers horrific leg injury at Supercard of Honor

Dante Martin, one half of the AEW tag team Top Flight, suffered a horrific leg injury at the ROH...

AEW trio at the WWE Hall of Fame ceremony

Malakai Black, Buddy Murphy, and Andrade El Idolo were all at the WWE Hall of Fame induction ceremony last...

Bag policy and prohibited items at SoFi Stadium for WrestleMania

Fans attending WrestleMania today and tomorrow should know that there's a very strict bag policy at SoFi Stadium and...
spot_img