has reportedly been served with a subpoena related to allegations that he paid millions of dollars to settle sexual misconduct claims.
A search warrant was executed on the WWE boss, 77, on July 17 in response to multiple alleged payments made.
In its 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,’ according to .
In April, it was announced that by the mixed martial arts promotion’s parent company Endeavor as a new sports entertainment firm.
Asked on CNBC if he’d have made the deal without his Scan**l, McMahon addressed for the first time.
‘Absolutely. Because it makes sense,’ he replied.
‘Nothing’s ever happened like this before and I’m always looking at what’s best for our stockholders and our company.’
WWE’s board of directors had formed a special committee at the time to investigate allegationsamounting to millions of dollars to cover up affairs and misconduct.
On March 23, it was revealed in an SEC filing that McMahon had reimbursed the company around $17.4 million for costs related to the investigation.
The document notes that the payment is to pay WWE back for costs ‘incurred and paid by the company’ either in connection with or arising from ‘the investigation conducted by a special committee of the company’s board of directors, related revisions to the company’s financial statements and other related matters’.
The board, whose special committee completed an investigation into the claims in November last year, had said he paid out almost $20 million in unrecorded expenses.
The allegations in question claimed that McMahon raped a female referee, something he has always denied.
He also denied paying other female employees hush money to cover up secret affairs.
Reps for Vince McMahon have been contacted for comment.
