Vince McMahon

WWE Says Vince McMahon Probe Cost $1.7M in Second Quarter, With $10M Forecast for Rest of Year

Vince McMahon

WWE said its board’s investigation into alleged misconduct by ex-CEO and chairman Vince McMahon is “substantially complete.”

Vince McMahon

The company restated earnings going back to 2019 to account for personal payments McMahon made during his tenure

Vince McMahon

Including $14.6 million allegedly to women in return for their silence about affairs and other misconduct.

Vince McMahon

However, the McMahon investigation may continue to have a financial impact, WWE said in regulatory filings.

Vince McMahon

While we currently anticipate spending approximately $10 million during the remainder of the year related to this investigation

Vince McMahon

The related costs could exceed this estimate,” the wrestling entertainment company said in its 10-Q filing for the second quarter of 2022.