-

WWE expects further costs related to the Vince McMahon investigation

During the conference call with investors, WWE’s CFO Frank Riddick said that going forward, the company expects to incur additional costs related to the Vince McMahon investigation, suggesting more payouts will be handed to settle potential lawsuits.

Riddick said that Vince McMahon has agreed to pay the reasonable cost of the investigation not covered by insurance and any future payments related to the investigation. WWE had a $2.3 million expense related to the investigation in Q4 2022 and the results also include $7.4 million of expenses reflecting payments that McMahon has agreed to make related to additional claims that have recently been settled.

“These payments were or will be paid by Mr. McMahon personally,” Riddick said.

McMahon recently settled a case involving former WWE referee Rita Chatterton which happed in the mid-80s in New York. Chatterton claimed that McMahon raped her in the back of a limousine and McMahon settled with her last month to avoid additional litigation costs. Chatterton wanted over $11 million but sources say the two parties settled for much less.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Almost sold-out Raw being taped in Riyadh, Saudi Arabia today

Tomorrow's Raw is being taped today in Riyadh, Saudi Arabia in the same location as yesterday's Crown Jewel event. This...

Fatal four-way match to determine #1 contender for Gunther’s title on Raw

A new number one contender for the WWE World Heavyweight title will be decided on Monday Night Raw tomorrow...

Former WWE stars Mandy Rose and Tino Sabbatelli get married

Former WWE stars Mandy Rose and Tino Sabbatelli tied the knot yesterday at the Park Chateau Estate and Gardens...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading