-

WWE uncovers $14.6 million in unrecorded expenses related to Vince McMahon

In the latest Form 8-K filing with the United States Securities and Exchange Commission, WWE announced that it has identified unrecorded expenses totaling approximately $14.6 million.

All payments will be paid by Vince McMahon personally.

These payments that Vince McMahon agreed to make during the period from 2006 through 2022 were not recorded in the WWE consolidated financial statements and should have been recorded as expenses in the quarters in which those agreements were made.

The company anticipates that it will revise its previously issued financial statements to record these unrecorded expenses in the applicable periods for the years ended December 31, 2019, 2020 and 2021, as well as the first quarter of 2022.

While the WWE Board of Directors into Vince McMahon is still ongoing, WWE said that that it has received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters.

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

Interim AEW World title match headlines Quake By The Lake Dynamite tonight

Tonight's Dynamite is themed Quake By The Lake live from the Target Center in Minneapolis, Minnesota, and it's a...

How CBD can help with pain relief for wrestlers

One of the world's most exciting martial arts is wrestling. Despite being a relatively new sport in some countries,...

WrestleMania 39 tickets on pre-sale now

The WrestleMania 39 pre-sale kicked off today on Ticketmaster with the code UNIVERSE. Tickets for night one and night two...
sports betting site betway