The WWE made its quarterly Securities Exchange Commission (SEC) filing on Wednesday (August 2), and it was revealed that federal agents issued and executed a search warrant on former WWE CEO Vince McMahon on July 17. McMahon was also issued with a federal grand jury subpoena, but no charges have been brought against him.
During Wednesday's investors call, current CEO Nick Khan stated, "We continue to fully cooperate with any investigation. Outside of that we are not going to comment on any legal matter."
This comes after McMahon stepped down from his role as CEO of the company amid allegations of sexual misconduct, which included claims that he paid out over $12 million to four women to cover up incidents. The WWE investigated the allegations in November, and McMahon was unanimously voted back onto the board in January.
In a public statement released on Wednesday (August 2), McMahon stated that he's "confident that the government’s investigation will be resolved without any findings of wrongdoing."
His full statement reads: "In 2022, WWE formed a special committee to review allegations of misconduct against me. That review was concluded in November 2022 following an extensive investigation. Throughout this experience, I have always denied any intentional wrongdoing and continue to do so. I am confident that the government’s investigation will be resolved without any findings of wrongdoing. I am focused on completing the recovery process from my recent spinal surgery and on closing our transaction with Endeavor, which will create one of the preeminent global sports and entertainment brands."
Source: New York Post
