After announcing last month that WWE would go back to 2019 and account for $14.6 million of payments chairman Vince McMahon is alleged to have paid to silence sexual misconduct allegations, the company has announced the amount is larger than original estimated, according to a report from Variety.
Days after McMahon announced he was retiring from the company, WWE discovered he had made two other payments totaling $5 million in previously unknown cases from 2007 and 2009, according to a filing with the Securities and Exchange Commission. The company admits those payments should have been recorded in their statements for those fiscal years. They had previously hoped to have their revised statements available by Monday, August 9th, but the unearthing of additional payments made that goal unrealistic.
McMahon remains a shareholder of WWE with controlling interest. His daughter, Stephanie, was named co-CEO along with former television department head of CAA Nick Khan.
