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HomeCanadian NewsWWE studies extra $5 million tied to Vince McMahon

WWE studies extra $5 million tied to Vince McMahon

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World Wrestling Leisure on Tuesday disclosed extra unrecorded bills, now totalling $19.6 million, associated to former Chief Govt Officer Vince McMahon.

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The 2 extra funds, totaling to $5 million, had been made in 2007 and 2009 and are unrelated to an investigation of his alleged misconduct by WWE’s board, the corporate stated in a regulatory submitting.

The investigation stays ongoing, the wrestling leisure firm stated.

“The corporate has evaluated the unrecorded bills and has decided that such quantities ought to have been recorded as bills in every of the durations during which they turned possible and estimable,” WWE stated within the submitting. It stated all funds categorized as “unrecorded bills” had been or can be paid by McMahon personally.

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Final month, the corporate stated it will revise its monetary statements for the years ended 2019, 2020 and 2021, in addition to the primary quarter of 2022, after discovering unrecorded bills of $14.6 million made out of 2006.

McMahon, 76, stated in July he would retire as the corporate’s CEO and chairman, a couple of month after stepping again from these roles because of the investigation into alleged misconduct.



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