VINCE MCMAHON INVESTIGATION: WWE uncovers $14.6 million in unrecorded expenses related to Vince McMahon


Posted on 7/25/122 by Colin Vassallo



In the latest Form 8-K filing with the
United States Securities and Exchange
Commission, WWE announced that it has
identified unrecorded expenses totaling
approximately $14.6 million.

All payments will be paid by Vince McMahon
personally.

These payments that Vince McMahon agreed to
make during the period from 2006 through
2022 were not recorded in the WWE
consolidated financial statements and should
have been recorded as expenses in the
quarters in which those agreements were
made.

The company anticipates that it will revise
its previously issued financial statements
to record these unrecorded expenses in the
applicable periods for the years ended
December 31, 2019, 2020 and 2021, as well as
the first quarter of 2022.

While the WWE Board of Directors into Vince
McMahon is still ongoing, WWE said that that
it has 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

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