Vince McMahon pays back $17.4 million in investigation costs to WWE
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World Wrestling Leisure Inc (WWE) mentioned on Friday Government Chairman Vincent McMahon had paid $17.4 million to the corporate to cowl prices associated to an investigation into his alleged misconduct.
McMahon, credited with remodeling WWE from a regional participant to a world large, retired as CEO and chairman of the corporate in July final 12 months.
He returned to the board in January, after the probe was wrapped up.
The Wall Road Journal had reported that he was being investigated by the board for agreements to pay $12 million over the previous 16 years to suppress allegations of sexual misconduct and infidelity.
WWE mentioned in January that it will discover strategic options.
McMahon mentioned he would contain himself within the firm’s media rights acquisition course of because it seems to be to capitalize on rising demand for content material and reside leisure.