Breaking News: WWE Chairman Vince McMahon Under Investigation
In a shocking turn of events, WWE Chairman Vince McMahon is currently under investigation by federal law enforcement agencies. According to the Q2 2023 financial report released by WWE, federal agents executed a search warrant and served a federal grand jury subpoena on McMahon on July 17th of this year. However, it is important to note that no charges have been filed against McMahon at this time.
The investigation is said to be related to the McMahon hush-money cover-up from 2022, and WWE has received both voluntary and compulsory legal demands for documents from federal law enforcement and regulatory agencies. The details of the investigation are still unclear, but it is believed to be a continuation of the investigation that began last summer.
WWE has been cooperating with the authorities throughout the process and fully understands and respects the need for a complete investigation. In a statement released to CNBC, the company stated, “WWE believes that the subpoena and search warrant are part of the ongoing investigation, and we are confident that the matter will be resolved without any findings of wrongdoing.”
McMahon himself also issued a separate statement addressing the investigation. He said, “In 2022, WWE formed a special committee to review allegations of misconduct against me. After an extensive investigation, the review was concluded in November 2022. Throughout this experience, I have consistently denied any intentional wrongdoing and continue to do so. I am confident that the government’s investigation will reach the same conclusion.”
In addition to the investigation, McMahon is currently on medical leave after undergoing major spinal surgery. WWE announced that the leave began on July 21st and McMahon will remain on leave until further notice. However, he will continue to serve as the Executive Chairman of the company.
This news comes at a critical time for WWE as they are in the process of closing a major transaction with Endeavor, which will create one of the leading global sports and entertainment brands. Despite the ongoing investigation and his medical leave, McMahon remains focused on completing the recovery process from his surgery and ensuring the success of the transaction.
For more updates on this developing story, stay tuned to ProWrestlingWars.com. We will continue to provide the latest information as it becomes available.