WWE Announces Investigation into Vince McMahon’s Sexual Misconduct Completed
As noted before, former WWE CEO and Chairman Vince McMahon retired from the company this past July. WWE’s Board of Directors have been conducting an on-going investigation against McMahon over allegations of sexual misconduct and secret “hush money” payments towards several former female employees and at least one talent.
As part of Wednesday’s fiscal 2022 third quarter report release and investor’s meeting, WWE announced that they have recently completed their investigation into McMahon’s sexual misconduct allegations. It was also announced that this investigation had cost the company a total of $19.4 million to complete.
Special Committee Investigation
As previously announced, a Special Committee of independent members of the Board of Directors was formed to investigate alleged misconduct by Vincent K. McMahon, the Company’s former Chairman and Chief Executive Officer, who resigned from all positions held with the Company on July 22, 2022 but remains a stockholder with a controlling interest, and another executive, who is also no longer with the Company. The Special Committee investigation is now complete and the Special Committee has been disbanded. Management is working with the Board to implement the recommendations of the Special Committee related to the investigation. For the three and nine-month periods ended September 30, 2022, the Company’s consolidated pre-tax results include the impact of $17.7 million and $19.4 million, respectively, associated with certain costs related to the investigation. Please see the Company’s SEC filings, including, but not limited to, its annual report on Form 10-K/A and quarterly reports on Form 10-Q/A and Form 10-Q for further details and ongoing risks regarding this matter.
Sloane Jacobs Comments on WWE Release
As noted before, WWE released five talents from their NXT brand this past Tuesday. Among those released included Sloane Jacobs.
Jacobs recently reflected on Instagram about her time in WWE’s NXT brand and future of her wrestling career.
bend, don’t break
no matter what, wrestling will always be my home, from when I was a fan in the crowd to when I was on tv. thank you @wwenxt for helping me learn and grow these past months.
now onto whatever is next–
WWE Announces Full Events Schedule for WrestleMania 39 Week
WWE recently announced their full schedule of events for next year’s WrestleMania 39 week festivities, which takes place on March 31st to April 3rd in Los Angeles, California.
WRESTLEMANIA® GOES HOLLYWOOD WITH FULL WEEK OF EVENTS IN LOS ANGELES
Tickets Go on Sale Friday, November 18 for
Friday Night SmackDown®/2023 WWE Hall of Fame Ceremony,
NXT® Stand & Deliver® and Monday Night Raw® at Crypto.com ArenaSTAMFORD, Conn., November 3, 2022 – WWE® (NYSE: WWE) today announced three additional events at Crypto.com Arena as part of WrestleMania Week in Los Angeles:
Friday, March 31: Friday Night SmackDown/2023 WWE Hall of Fame Induction Ceremony
Saturday, April 1: NXT Stand & Deliver
Monday, April 3: Monday Night Raw
Tickets for all three events go on sale Friday, November 18 at 10 am PT via AXS.com. Special three-day event combo tickets will be available this Monday, November 7 at 10 am PT.
WrestleMania 39 goes Hollywood and takes place over the course of two nights on Saturday, April 1 and Sunday, April 2 live from SoFi Stadium. Tickets are currently on sale via Ticketmaster. Fans from all 50 states and 58 countries have already made their plans to be in attendance.
Over the past decade, WrestleMania has generated more than $1.25 billion in cumulative economic impact for the cities that have hosted the event. Additional WrestleMania Week events will be announced in the near future.
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