WWE recently released their Q2 results, WWE comes up with phenomenal results when compared to last year. WWE in their press told that WWE has completed their investigation on Vince’s Hush money but government Investigations are still on-going. WWE also mentioned that Vince was served with subpoena and law enforcement executed a search warrant on July 17 2023, it notes no charges have been brought on the investigation.
WWE’s press release (q2 results)
As previously disclosed on June 17, 2022, a Special Committee of the Board of Directors was formed on June 15, 2022 to investigate allegations of misconduct by Vince McMahon. As previously disclosed, the Special Committee investigation was completed during the fourth quarter of 2022. However, related government investigations remain ongoing.
On July 17, 2023, federal law enforcement agents executed a search warrant and served a federal grand jury subpoena on Mr. McMahon. No charges have been brought in these investigations.
On July 21, 2023, Mr. McMahon went on medical leave after undergoing major spinal surgery. Mr. McMahon will remain on medical leave until further notice but will remain Executive Chairman of the Company.