• CONFIRMED: WWE’s Board Finds Vince McMahon Paid $5 Million In Unrecorded Expenses To Donald Trump’s Charity
As we reported a few day back, ongoing investigation in WWE revealed another $5 million in payments made by Vince McMahon in 2007 and 2009.
However, this payment was unrelated to the misconduct allegations.
WWE’s Board has now found that Vince made this $5 million payment to Donald Trump’s charity, in 2007 ($4 million) and 2009 ($1 million).
The Wall Street Journal reports:
“An attorney for WWE said the payments to Mr. Trump should have been booked as business expenses because Mr. McMahon was a principal shareholder and the payments benefited the company. He declined to say why the payments benefited WWE.”
These payments were made at the same time when Trump was involved in storylines in WWE in 2007 (WrestleMania 23) and 2009 (RAW).
During this investigation, Trump’s WrestleMania 23 contract was reviewed and Trump asked McMahon to send a $4 million WrestleMania appearance fee to his charity.
The WrestleMania 23 contract for the “Battle Of The Billionaires” also stated that under no circumstances would McMahon be allowed to shave Trump’s head, even if the wrestler representing Trump (Umaga) dropped dead in the ring.
After the event, Trump said Vince paid him another $1 million due to the success of WrestleMania 23.
WWE Attorney Jerry McDevitt said the following about this:
“Mr. Trump and WWE entered into a contract whereby WWE agreed to and did pay him personally an appearance fee of $1 million.
At the same time, the McMahons made a personal contribution to the Trump Foundation of $4 million.
There was no additional fee paid to Mr. Trump, or any additional contribution to the Trump Foundation, due to the success of the event.”
So in the end, out of the $19.6 million in unrecorded expenses, only $5 million isn’t hush money.
Also Read: Vince McMahon’s Hush Money Scandal Investigation Is Costing WWE $10 Million
WATCH: Vince McMahon Kisses Candice Michelle (Part 1):
• ON THIS DAY IN WWF HISTORY (August 17, 1996) – WWF Superstars
On this day in 1996, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Superstars’.
This episode was pre-taped in Yakima, Washington and featured matches & storyline segments on the road to the ‘WWF SummerSlam 1996’ PPV.
Here’s the card:
The Undertaker vs. Who
Freddie Joe Floyd & Savio Vega vs. Justin Bradshaw & Uncle Zebakiah
Crush vs. Aldo Montoya
Mankind vs. Billy Two Eagles
Marc Mero vs. Steve Austin
