World Wrestling Leisure stated Tuesday an impartial board probe of former CEO Vince McMahon confirmed further unrecorded funds of $5 million, bringing the full to $19.6 million.
McMahon resigned from all positions at WWE on July 22 after information broke and the corporate acknowledged they have been investigating him for misconduct and subsequent payouts to girls. He stays a stockholder with a controlling curiosity within the firm.
Final month, WWE famous in an SEC submitting at the moment, it decided that sure funds McMahon comprised of 2006 by way of 2022 (together with quantities paid and payable sooner or later totaling $14.6 million) “weren’t appropriately recorded as bills within the firm’s consolidated monetary statements. Since then, it additionally discovered two further funds totaling $5 million, unrelated to the allegations that led to the Particular Committee investigation, that McMahon made in 2007 and 2009, and that ought to have been recorded within the Firm’s consolidated monetary statements.”
It stated its Particular Committee investigation is ongoing.
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