Vince McMahon Accepts Compensate WWE $17 Million Over Examination Expenses

Vince McMahon has some major repaying to do.

In a current SEC filing, WWE revealed that the Chairman of the Board will personally be repaying $17.4 million that WWE invested throughout its examination into the claims of sexual misbehavior versus him. The arrangement in between the 2 sides will see McMahon pay all of the expenses connected with the examination.

A number of you understand by now that Vince McMahon made hush payments to numerous females to conceal unwanted sexual advances and affairs. The accusations led to McMahon resigning with WWE in July of in 2015. In January of this year, he went back to the WWE Board of Directors in an effort to check out a prospective sale of the business.

You can take a look at the main SEC filing listed below:

On March 20, 2023, World Wrestling Entertainment, Inc. (the “Company”) participated in a compensation arrangement (the “Agreement”) with Vincent K. McMahon, the Company’s Executive Chairman, director and managing investor. The Agreement offers that Mr. McMahon will pay the Company around $17.4 million to repay the Company for the expenses that have actually been sustained and paid by the Company and/or its subsidiaries, through January 31, 2023, in connection with and/or emerging from the examination performed by an unique committee of the Company’s board of directors, associated modifications to the Company’s monetary declarations and other associated matters. Such payment was made on March 23, 2023.

The Agreement even more offers that Mr. McMahon will likewise examine in great faith and compensate the Company for extra expenses sustained by the Company and/or its subsidiaries subsequent to January 31, 2023 (or that have actually been sustained by the Company and/or its subsidiaries and not yet paid since January 31, 2023), in connection with and/or developing from the very same matters.

The Agreement likewise consists of a release of Mr. McMahon by the Company concerning the healing of the expenses explained above and a release of the Company by Mr. McMahon concerning the examination and associated matters explained above.

The post Vince McMahon Agrees To Reimburse WWE $17 Million Over Investigation Costs appeared initially on eWrestlingNews.com.