WWE has concluded the investigation into Vince McMahon after it was revealed he payed $12 million in hush money.
A report from The Wall Street Journal originally revealed accusations against Vince McMahon.
After WWE’s Board of Directors created a special committee to investigate McMahon it is now over.
The investigation would find that over the last 16 years Vince McMahon had paid 12 million in relations with employees.
The investigation found that McMahon had sexual relations with 4 different employees over the last 16 years.
In 2006, McMahon paid a woman who was a WWE manager 1 million dollars after having a sexual relationship.
Then, in 2008 a contractor showed WWE nude photos Vince McMahon had sent her and received 1 million dollars.
The investigation also found that in 2018 Vince McMahon paid 7.8 million dollars to a former WWE wrestler for sexual misconduct from 2005.
Now, in the third quarter earnings call for 2022 WWE have revealed the cost of the investigation.
WWE responded to the investigation “A Special Committee of independent members of the Board of Directors was formed to investigate alleged misconduct by Vincent K. McMahon, the Company’s former Chairman and Chief Executive Officer, who resigned from all positions held with the Company on July 22, 2022 but remains a stockholder with a controlling interest, and another executive, who is also no longer with the Company. The Special Committee investigation is now complete and the Special Committee has been disbanded.”
WWE confirmed the amount of money spent “For the three and nine-month periods ended September 30, 2022, the Company’s consolidated pre-tax results include the impact of $17.7 million and $19.4 million, respectively, associated with certain costs related to the investigation.” (h/t Fightful)
What does this mean for Vince McMahon and WWE?
Now that the investigation has ended it the chance of a McMahon return to WWE is not realistic.
So now Vince McMahon will have to watch the company he helped build into the mainstream moves on without him.
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