• Vince McMahon Paid $17.4 Million To WWE Yesterday
On March 23rd, Vince McMahon made a payment of $17.4 million to the WWE, as this was the cost of the misconduct investigation that was done due to his hush money scandal from 2022.
You can read WWE’s SEC statement below:
“On March 20, 2023, World Wrestling Entertainment, Inc. (the “Company”) entered into a reimbursement agreement (the “Agreement”) with Vincent K. McMahon, the Company’s Executive Chairman, director and controlling stockholder.
The Agreement provides that Mr. McMahon will pay the Company approximately $17.4 million to reimburse the Company for the costs that have been incurred and paid by the Company and/or its subsidiaries, through January 31, 2023, in connection with and/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. Such payment was made on March 23, 2023.
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 (or that have been incurred by the Company and/or its subsidiaries and not yet paid as of January 31, 2023), in connection with and/or arising from the same matters.
The Agreement also includes a release of Mr. McMahon by the Company regarding the recovery of the costs described above and a release of the Company by Mr. McMahon regarding the investigation and related matters described above.”
Also Read: Triple H Will Fix Vince McMahon’s Final “Mess” By SummerSlam 2023
WATCH: Vince McMahon Kisses Candice Michelle:
• ON THIS DAY IN WWE HISTORY (March 24, 2006) – WWE Friday Night SmackDown!
On this day in 2006, World Wrestling Entertainment aired an episode of their weekly TV show ‘WWE Friday Night SmackDown!’.
It was broadcasted from the FedEx Forum in Memphis, Tennessee and featured pre-taped matches, interviews & storyline segments on the road to the ‘WWE WrestleMania 22’ PPV.
Here’s the card:
– “Money In The Bank” Qualifying Battle Royal
– Fit Finlay vs. Rey Mysterio
– Chris Benoit vs. William Regal
– Mark Henry vs. Kurt Angle
