Vince McMahon participates in an interview to reveal that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.
Michael N. Todaro|Getty Images
WWE’s Vince McMahon paid more than $12 million to 4 ladies over the past 16 years to reduce claims of sexual misbehavior and cheating, according to a report by the Wall Street Journal.
The ladies were all previously associated with World Wrestling Entertainment, the Journal reported, mentioning individuals acquainted with the arrangements and files. The paper reported in June that WWE’s board was examining a secret $3 million settlement McMahon paid to a paralegal he apparently had an affair with.
In its report Friday, the Journal reported 3 extra hush-money payments in between 2006 and 2018: one for $7.5 million to a previous wrestler who declared McMahon persuaded her into providing him foreplay and later on decreased to restore her agreement after she withstood subsequent sexual encounters; another for $1 million to a lady who had actually worked as a WWE professional and stated she got unsolicited naked pictures from McMahon; and a 3rd in the quantity of about $1 million to a previous supervisor who dealt with McMahon for a years.
WWE did not react to CNBC’s ask for talk about the current claims.
WWE revealed last month that McMahon was going back from his function as CEO and chairman − however keeping his duties connected to the business’s innovative material − pending an examination into his supposed misbehavior. His child, Stephanie McMahon, was called interim CEO.
“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation,” McMahon stated in the release at the time. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”
WWE’s board is examining McMahon’s handle the wrestler and the previous paralegal, the Journal reported. The WWE board is likewise examining claims versus WWE executive John Laurinaitis, who utilized to battle under the name JohnnyAce
The examination, which started in April, was triggered by numerous confidential e-mails that threatened to expose information of the settlement in between McMahon and the previous paralegal, the Journal reported.
WWE’s share costs were down about 1% at $6421 Friday.
Read the complete report by the Wall Street Journal.
