Major Updates On Vince McMahon Affair Scandal, May Have Used WWE Money
That isn’t good. The biggest wrestling story of the year has been Vince McMahon leaving WWE as he announced his retirement from the company last week. This comes amid an internal investigation into McMahon allegedly paying women to stay silent about relationships with him, with millions of dollars being spent. Now things might be getting even worse as a new detail has emerged.
WWE has made a new 8K filing with the SEC, announcing that $14.6 million in payments from Vince McMahon were not recorded as company expenses. According to PWInsider.com, if this means that McMahon used company money to pay the women, which could lead to legal actions against him from shareholders in the company. In addition, WWE is planning to release revised financial statements from 2006- 2022, the years the payments were made, by August 9.
Opinion: The more you look at something like this, the more clear it is that this was a lot more than McMahon retiring. It is hard to imagine that he would have been allowed to stay on if WWE knew what was coming from a situation like this. McMahon using the funds from a publicly traded company to pay for something personal that may have involved other people worked for the company was never going to work and now he could be in some major trouble. I’m not sure how this ends, but either way it is not going to go well.
What do you think of the new findings? What will happen to McMahon? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 60,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 6,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.
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