Vince McMahon refunded millions of dollars to World Wrestling Entertainment (WWE) to cover costs related to a sexual harassment investigation last year.
wrestling promotion Declared McMahon for “expenses incurred and paid by the Company and/or its subsidiaries through January 31, 2023 in connection with and/or arising out of an investigation conducted by the Special Committee.” We have repaid approximately $17.4 million to the company.of our Board of Directors SEC filing.
Vince McMahon yesterday paid $17.4 million for the board’s investigation into sexual misconduct allegations against him and former executive John Laurinaitis, according to a new WWE report filed with the SEC. Vince also agreed to pay for any additional costs incurred. pic.twitter.com/ABO5HsspTS
— Brandon Thurston (@BrandonThurston) March 24, 2023
mcmahon easy retired from at WWE July 2022 After the Wall Street Journal report McMahon is said to have paid former WWE female staff millions of dollars to cover up the alleged incident. (Related: ‘I’m Going To Get F*cking Murked’: UFC Star Jorge Masvidal Absolutely Goes In Flames And Won’t Fund Police)
McMahon returned to the company less than six months after announcing his retirement and has been on WWE’s board of directors ever since. The 77-year-old billionaire was last seen on WWE programming at WrestleMania 38 last April when he pinned and defeated former NFL punter Pat McAfee in an impromptu wrestling match.