New York
CNN
—
Vince McMahon, the previous World Wrestling Leisure chief government, who retired from the corporate final yr following a hush cash and sexual harassment scandal, is plotting a return to the WWE, the Wall Avenue Journal reported Thursday.
The WWE has disclosed a number of bills that McMahon hadn’t disclosed, totaling $19.6 million, which compelled the corporate to revise its monetary statements for 2019, 2020 and 2021.
Though lots of the funds are associated to the corporate’s investigation of his alleged sexual misconduct with former staff, the Wall Avenue Journal additionally reported in August 2022 that McMahon made undisclosed funds to of $5 million to former President Donald Trump’s charity, the Donald J. Trump Basis, in 2007 and 2009.
The Journal in July reported McMahon paid greater than $12 million to 4 girls, together with the one from the prior report, to cowl up “allegations of sexual misconduct and infidelity.”
Now, the 77-year outdated McMahon is trying a comeback. He maintains majority voting energy within the firm by means of his inventory holdings, and he knowledgeable the board that he’ll elect himself and two former associates as a director, the Journal reported Thursday. The board has beforehand turned down McMahon’s makes an attempt to reinstate himself to the board, and three present board members must step down for McMahon and his associates to affix, in line with the Journal.
The board mentioned it might work with McMahon to evaluation the corporate’s enterprise practices, however it mentioned it didn’t imagine his return to the board can be within the firm’s greatest curiosity, the Journal mentioned. It additionally requested McMahon to repay the undisclosed bills.
McMahon’s daughter, Stephanie McMahon took over as board chair and co-CEO after Vince McMahon’s retirement in July.
WWE and Vince McMahon didn’t instantly reply to a request for remark.
