Vince McMahon Investigated By WWE Board After Alleged $3M Payment To Ex-Employee

The WWE board is investigating the alleged payment of several million “silence contracts.” Vince McMahon According to a new report in the Wall Street Journal, the former employee after the couple had an alleged relationship.

WSJ claims that the 12-member board of World Wrestling Entertainment – with Vince as chairman – is investigating the circumstances surrounding the alleged case and the subsequent payment.

For your information, WWE is a publicly traded company on the NYSE. The company’s stock closed nearly 5% on Wednesday, although the paper’s story was announced earlier today. Although Vince is a public company, it has tremendous power in wrestling promotion.

In January 2022, McMahon, the CEO and chairman of WWE, claimed to have agreed to pay a former employee with whom he had a relationship totaling $ 3 million … over five years.

The woman – who is said to be a hired assistant in 2019 – says McMahon paid $ 1 million in advance… and the remaining $ 2 million was to be spread over 5 years.

Vince has been married to his wife Linda since 1966.

Interestingly, WWE’s board is made up in part of Vince and his family.

Her daughter Stephanie McMahon – who recently stepped away about spending time with her family and husband Triple H (Paul Levesque) and President of the WWE Nick Khanare all on the board.

Eight other members have hired a New York law firm to investigate the situation with VM and a former employee.

According to the newspaper, the preliminary investigation shows that McMahon made the payment “with personal funds.”