WWE announced today in a regulatory statement on their corporate website that due to “certain unrecorded expenses” by Vince McMahon, they would restate several financial statements that date back to 2006.
The statements from 2019, 2020, 2021 and 2022 have been revised and show an expense total of $14.6 million that McMahon will have to pay back.
Per the regulatory filing, “All payments underlying the Unrecorded Expenses were or will be paid by Vince McMahon personally.”
The filing also indicates that the company is facing investigations related to McMahon’s payments that were reportedly to former female employees who McMahon had personal relationships with.
The filing states that WWE “has also received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas or demands arising from, related to, or in connection with these matters.”
McMahon announced his retirement last Friday. There is expected to be more fallout from this story because the Wall Street Journal, HBO and other major mainstream media organizations are working on stories related to McMahon.
