Vince McMahon has reimbursed WWE $17.4 million for costs related to investigations into misconduct allegations against him.
The board of directors formed a special committee at the time to investigate allegations he made hush money payments amounting to millions of dollars to cover up affairs and misconduct.The document notes that the payment is to reimburse WWE for costs ‘incurred and paid by the company’ either in connection with or arising from ‘the investigation conducted by a special committee of the company’s board of directors, related revisions to the company’s financial statements and other related matters’.
‘The Agreement further provides that Mr. McMahon will also review in good faith and reimburse the Company for additional costs incurred by the Company and/or its subsidiaries subsequent to January 31, 2023 , in connection with and/or arising from the same matters.’ The agreement also includes a ‘release of the company by Mr. McMahon regarding the investigation and related matters described above’.alleged misconductIn January 2023, McMahon returned to the company, with WWE actively seeking a buyer as well as renewed media rights.
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