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


Kurt Angle birthday party next week on Smackdown

WWE will be throwing Kurt Angle a birthday party next Friday on Smackdown when the show returns on FOX. The...

Elimination Chamber 2023 in Montreal nearly sold out

Tickets for the Elimination Chamber for next February at Bell Centre in Montreal, Quebec, were quickly snapped up after...

Robert Roode undergoes spinal fusion surgery

It will be a while before we will see Robert Roode back in a wrestling ring as the former...