WWE Says Vince McMahon Probe Cost $1.7M in Second Quarter, With $10M Forecast for Rest of Year

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WWE Says Vince McMahon Probe Cost $1.7M in Second Quarter, With $10M Forecast for Rest of Year
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The company previously disclosed $19.6 million in alleged hush money payments by former CEO Vince McMahon, saying its probe was now 'substantially complete' and noting 'material weaknesses' in its internal control over financial reporting.

WWE also said in filings made late Monday and early on Tuesday that an investigation into McMahon and another ex-executive was “substantially complete” and repeated the $19.6 million figure for previously unrecorded expenses.

It also detailed $1.7 million in second-quarter costs associated with the probe, adding: “While we currently anticipate spending approximately $10 million during the remainder of the year related to this investigation, the related costs could exceed this estimate.” The company said that the $1.7 million was paid by McMahon.

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