WWE’s Vince McMahon paid greater than $12 million to settle sexual misconduct allegations, file says

Vince McMahon attends a press convention to announce that WWE Wrestlemania 29 will probably be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.

Michael N. Todaro | Getty Photographs

WWE’s Vince McMahon paid greater than $12 million to 4 ladies during the last 16 years to suppress allegations of sexual misconduct and infidelity, in step with a file through the Wall Side road Magazine.

The ladies have been all previously affiliated with International Wrestling Leisure, the Magazine reported, mentioning other folks conversant in the agreements and paperwork. The newspaper reported in June that WWE’s board was once investigating a secret $3 million agreement McMahon paid to a paralegal he allegedly had an affair with.

In its file Friday, the Magazine reported 3 further hush-money bills between 2006 and 2018: one for $7.5 million to a former wrestler who alleged McMahon coerced her into giving him oral intercourse and later declined to resume her contract after she resisted next sexual encounters; any other for $1 million to a girl who had labored as a WWE contractor and mentioned she won unsolicited nude footage from McMahon; and a 3rd within the quantity of about $1 million to a former supervisor who labored with McMahon for a decade.

WWE didn’t reply to CNBC’s request for touch upon the most recent allegations.

WWE introduced closing month that McMahon was once stepping again from his function as CEO and chairman − however keeping his duties associated with the corporate’s ingenious content material − pending an investigation into his alleged misconduct. His daughter, Stephanie McMahon, was once named meantime CEO.

“I’ve pledged my whole cooperation to the investigation through the Particular Committee, and I will be able to do the entirety conceivable to beef up the investigation,” McMahon mentioned within the unlock on the time. “I’ve additionally pledged to just accept the findings and end result of the investigation, no matter they’re.”

WWE’s board is investigating McMahon’s offers with the wrestler and the previous paralegal, the Magazine reported. The WWE board could also be investigating allegations in opposition to WWE govt John Laurinaitis, who used to combat beneath the title Johnny Ace.

The investigation, which started in April, was once spark off through a number of nameless emails that threatened to expose main points of the agreement between McMahon and the previous paralegal, the Magazine reported.

WWE’s proportion costs have been down about 1% at $64.21 Friday.

Learn the entire file through the Wall Side road Magazine.