WWE Replica Titles

-

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

First three Superstars enter the King of the Ring tournament

Three WWE Superstars have put their name up for the King of the Ring tournament, a premium live event...

Cody Rhodes to have a cameo in new Naked Gun movie

British tabloid newspaper The Daily Mail is reporting that WWE champion Cody Rhodes has been cast in the upcoming...

Smackdown rating for 04/19/2024

Friday Night Smackdown drew 2,333,000 viewers this past Friday, down 166,000 viewers from the prior week. Two NBA games...

Discover more from Wrestling-Online.com

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

Continue reading