WWE Vince McMahon

WWE has found more "unrecorded expenses" made by former CEO and chairman Vince McMahon bringing the total to $19.6 million.

Vince McMahon's off-the-books payments while he was chairman and CEO of WWE were higher than previously reported, the company said.

Last month, the wrestling entertainment company announced that it would revise its financial statements going back to 2019 to account for $14.6 million of “certain payments” that McMahon made while chairman and CEO should have been recorded as expenses. WWE said the board’s special committee investigation into McMahon’s alleged misconduct remains ongoing. WWE did not provide details on what McMahon’s $5 million in payments were for.

Former World Wrestling Entertainment, Inc. (NYSE: WWE) CEO Vince McMahon is once again in the hot seat after a new U.S. Securities and Exchange Commission ...

Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Since that time, the Company has determined that two additional payments totaling $5.0 million, unrelated to the allegations that led to the Special Committee investigation, that Mr. McMahon made in 2007 and 2009 should have been recorded in the Company’s consolidated financial statements.” In addition, the stock has risen 45.97% year-to-date and 44.86% year-over-year. In the past month, the stock price has risen 15.60% which equates to a growth of $9.82 per share. Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. The company released a preliminary earnings report on July 25, which shared that from the period of 2006 to 2022 there had been payments made by McMahon totaling $14.6 million. After McMahon’s retirement, his daughter Stephanie McMahon took over as chairwoman and co-CEO alongside Nick Khan. Her husband, Paul “Triple H” Levesque, is the head of WWE’s creative content department. He bought the entertainment company from his father 40 years ago and oversaw its growth into a global sports giant. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. This table does not include all companies or all available products. Bankrate cannot guaranty the accuracy or availability of any rates shown above. This SEC filing divulged that the $5 million in “unrecorded expenses” wasn’t related to that investigation and was disclosed at a later date due to a flaw in the original filing: “On July 25, 2022, the Company announced that it has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future totaling $14.6 million) were not appropriately recorded as expenses in the Company’s consolidated financial statements.