-

WWE uncovers $5 million more in unauthorized payments by Vince McMahon

In a new filing with the Securities and Exchange Commission, WWE announced that it has discovered two additional payments totaling $5 million that Vince McMahon made in 2006 and 2009.

These payments should have been recorded in the company’s consolidated financial statements but were not. This brings the total of inappropriately used funds by McMahon to $19.6 million.

WWE wrote that all these expenses will be paid by Vince McMahon personally and the investigation by the WWE Board of Directors remains ongoing.

The SEC filing also confirms the departure of John Laurinaitis from the company, who was also implicated with Vince of having a sexual relationship with an employee.

McMahon, who resigned from WWE in July, remains the company’s biggest stakeholder but is no longer involved into the day-to-day running of WWE.

His daughter Stephanie was elected Chairwoman and is co-CEO with Nick Khan.

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

TNT champion battles ROH TV champion tonight on Dynamite

The TNT champion and the ROH TV champion will be going head to head tonight on Dynamite with the...

Raw rating for 01/30/2023

The post-Royal Rumble Raw on Monday drew a total of 2,114,000 viewers, down 230,000 viewers from the 30th anniversary...

Dwayne Johnson to present at The Grammy Awards this Sunday

Dwayne "The Rock" Johnson was not at the Royal Rumble but he will be at the 2023 Grammy Awards. The...
spot_img