Ex-WWE proprietor Vince McMahon paid out £12.15m in hush cash to a number of ladies as ‘hidden bills’ emerge after retirement

WWE admitted that former Chairman and CEO Vince McMahon paid out $14.6million (£12.15m) in “unrecorded bills” amid sexual misconduct allegations.

This is in line with the New York Submit, who declare that used to be hush cash paid to a number of ladies who’ve alleged sexual misconduct from 2006 till 2022.

Vince McMahon has just lately retired from tasks in WWE’s ingenious groupCredit score: Reuters

Former WWE Chairman and CEO Vince McMahon allegedly paid tens of millions in “unrecorded bills”Credit score: Getty

The wrestling giants showed in an SEC submitting {that a} sum of “unrecorded bills” does exist and that they’re going to revise earlier monetary statements to replicate the expenditures.

It isn’t but showed what the unrecorded bills relate to.

The Wall Boulevard Magazine published final month that the WWE board is investigating McMahon after receiving an nameless tip by way of e-mail claiming he paid hush cash to an ex-employee with whom he had an affair.

The e-mail claimed he employed the girl as a paralegal to a $100,000 (£83,000) wage, and doubled it after the affair started.

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Then it used to be claimed McMahon “gave her like a toy” to longtime WWE govt John Laurinaitis.

The Wall Boulevard Magazine later alleged that McMahon paid tens of millions over the process no less than 16 years to 4 other ladies with whom he had sexual relationships.

McMahon retired from WWE’s ingenious keep watch over after the allegations surfaced however seems to stay as the corporate’s majority shareholder.

WWE mentioned within the submitting: “All bills underlying the Unrecorded Bills had been or will probably be paid by way of Vince McMahon individually.”

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The corporate added that it “has additionally won, and would possibly obtain someday, regulatory, investigative and enforcement inquiries, subpoenas or calls for bobbing up from, associated with, or in reference to those issues.”

The SEC submitting additionally admitted that the probe will most likely conclude that its “inner keep watch over over monetary reporting used to be now not efficient on account of a number of subject material weaknesses.”

McMahon has passed keep watch over of the corporate over to his daughter Stephanie, who used to be named Chairwoman and co-CEO, along co-CEO Nick Khan.