WWE boss Vince McMahon raided by federal agents and ordered to appear in court – before announcing indefinite sick leave
WWE executive chairman Vince McMahon has been hit with a federal grand jury subpoena.
A search warrant was executed on McMahon, 77, on July 17 in response to multiple alleged payments made after being accused by multiple women of sexual misconduct.
In their SEC filing on Wednesday, the WWE stated it “has received voluntary and compulsory legal demands for documents, including from federal law enforcement and regulatory agencies, concerning the investigation and related subject matters,” as per CNBC.
WWE CEO Nick Khan reportedly said during a earnings call on Wednesday that he had no comment on the McMahon situation, adding that they would help with any investigations, per House of Glory’s Jason Solomon.
The WWE’s filing also stated that McMahon “went on medical leave after undergoing major spinal surgery.”
The WWE also stated that McMahon will “remain on medical leave until further notice but will remain Executive Chairman.”
News of McMahon’s surgery was broken on July 28 by TMZ, who reported that his successful procedure took around four hours.
This news came a week after McMahon’s medical leave had begun, according to Fightful.com’s Sean Ross Sapp.
It was also revealed by the WWE that McMahon “has paid approximately $17.4 million to reimburse the Company for costs that have been incurred and paid by the Company,” in relation to an investigation being run by the WWE into his alleged misconduct.
Charges have reportedly not been filed against McMahon.
This comes just seven months after he returned to the role of Executive Chairman, having previously stepped aside for six months.
His abrupt retirement came while McMahon after an investigation into claims that he paid a former employee $3million to keep their alleged affair quiet had begun.
In early 2022, non-disclosure agreements were found involving misconduct claims made by female ex-WWE employees against McMahon and the former head of talent relations, John Laurinaitis.
He handed the reins to the WWE to his daughter Stephanie who took on the roles of interim CEO and chairwoman.
Meanwhile, her husband and wrestling legend Paul Levesque, aka Triple H, took over as Chief Content Officer.
Shortly after McMahon returned to the WWE, the organization announced it’s intention to merge with the UFC’s parent company Endeavour.
Once complented, this merger will result in a company worth $21billion.
Regardless of McMahon’s ongoing legal troubles, this sale is not expected to be delayed, according to Fite TV’s Jon Alba.
This should reportedly be finalized “in the coming months.”
McMahon has a net worth of around $3.2billion, according to Forbes.
This news was revealed on the same day that McMahon’s long-term friend, former President Donald Trump, was indicted for his involvements in the January 6 riots in 2021.
The charges against Trump include conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, conspiracy against rights, and obstruction of and attempt to obstruct an official proceeding.