WWE’s Vince McMahon paid $12 million to settle misconduct allegations, report says

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Vince McMahon attends a press convention to announce that WWE Wrestlemania 29 will probably be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.

Michael N. Todaro | Getty Pictures

WWE‘s Vince McMahon paid greater than $12 million to 4 girls over the previous 16 years to suppress allegations of sexual misconduct and infidelity, according to a report by the Wall Street Journal.

The ladies had been all previously affiliated with World Wrestling Leisure, the Journal reported, citing individuals aware of the agreements and paperwork. The newspaper reported in June that WWE’s board was investigating a secret $3 million settlement McMahon paid to a paralegal he allegedly had an affair with.

In its report Friday, the Journal reported three further hush-money funds between 2006 and 2018: one for $7.5 million to a former wrestler who alleged McMahon coerced her into giving him oral intercourse and later declined to resume her contract after she resisted subsequent sexual encounters; one other for $1 million to a lady who had labored as a WWE contractor and stated she acquired unsolicited nude images from McMahon; and a 3rd within the quantity of about $1 million to a former supervisor who labored with McMahon for a decade.

WWE didn’t reply to CNBC’s request for touch upon the newest allegations.

WWE announced last month that McMahon was stepping again from his position as CEO and chairman − however retaining his obligations associated to the corporate’s inventive content material − pending an investigation into his alleged misconduct. His daughter, Stephanie McMahon, was named interim CEO.

“I’ve pledged my full cooperation to the investigation by the Particular Committee, and I’ll do every little thing doable to assist the investigation,” McMahon stated within the launch on the time. “I’ve additionally pledged to simply accept the findings and consequence of the investigation, no matter they’re.”

WWE’s board is investigating McMahon’s offers with the wrestler and the previous paralegal, the Journal reported. The WWE board can be investigating allegations towards WWE govt John Laurinaitis, who used to wrestle beneath the title Johnny Ace.

The investigation, which started in April, was set off by a number of nameless emails that threatened to disclose particulars of the settlement between McMahon and the previous paralegal, the Journal reported.

WWE’s share costs had been down about 1% at $64.21 Friday.

Learn the complete report by the Wall Street Journal.



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