WWE Reveals Trump Pal Vince McMahon’s Secret Payoffs For Alleged Affairs

WWE has disclosed secret payoffs from outgoing CEO Vince McMahon, an ally of Donald Trump.

“WWE will revise financial statements going back to 2019, saying that a total of $14.6 million of “certain payments” that Vince McMahon made while chairman and CEO should have been recorded as expenses.

McMahon on Friday announced that he was retiring from WWE. That came five weeks after he said he would be stepping down as the company’s chairman and CEO amid an ongoing investigation into allegations that he paid millions of dollars to multiple women to keep quiet about alleged affairs and misconduct.

On Monday, WWE disclosed in an SEC filing that it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.”” [READ MORE]