WWE to Revise Financial Statements to Account for Vince McMahon’s $14.6 Million in Personal Payments

New Music Friday! It's every audiophile's favorite day of the week, and some of our favorite artists from all different genres have blessed us with new tunes.Megan Thee Stallion thrilled the Hotties with the release of her new album,, with features from Latto, Rico Nasty, Jhene Aiko and more.

former CEO Vince McMahon — bringing the total of unrecorded payments up to $19.6 million.WWE revealed in a statement to the SEC on Tuesday that, on June 17, a special committee was «conducting an investigation into alleged misconduct» of McMahon — who then resigned as CEO on July 22, amid the investigation.«On July 25, 2022, the Company announced that it has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future totaling $14.6 million) were not appropriately recorded as expenses in the Company’s consolidated financial statements,» the SEC filing document stated. «Since that time, the Company has determined that two additional payments totaling $5.0 million, unrelated to the allegations that led to the Special Committee investigation, that Mr.

World Wrestling Entertainment said Tuesday an independent board probe of former CEO Vince McMahon showed additional unrecorded payments of $5 million, bringing the total to $19.6 million.

Todd Spangler NY Digital EditorVince McMahon’s off-the-books payments while he was chairman and CEO of WWE were higher than previously reported, the company said.Last month, WWE announced that it would revise its financial statements going back to 2019 because $14.6 million of “certain payments” that McMahon made while chairman and CEO should have been recorded as expenses. That was three days after McMahon said he was retiring from WWE, an announcement that came amid an ongoing investigation into allegations that he paid millions of dollars in hush money to multiple women to keep quiet about alleged affairs and misconduct.In an SEC filing Tuesday, WWE disclosed that since the July 25 announcement, it determined that McMahon made two additional payments totaling $5 million — unrelated to the allegations that led to the special committee investigation — in 2007 and 2009 should also have been recorded in the company’s consolidated financial statements.

Joe Otterson TV Reporter“Monday Night Raw” saw its linear ratings rise this week as the post-Vince McMahon era of WWE begins.Monday’s show on USA Network drew an average audience of 2.3 million viewers and a 0.6 rating in the key adults 18-49 demographic, according to Nielsen figures. That represents a two-year viewership high for “Raw” and an improvement of 21% in viewership and 20% in the key demo versus last week (1.9 million, 0.5 rating).Paul “Triple H” Levesque is now in charge of WWE’s creative efforts in addition to his role as executive vice president of talent relations.

Todd Spangler NY Digital EditorWWE has hired Craig Stimmel, most recently head of global brands at Snap, to head sales and partnerships at the wrestling entertainment company.He replaces Claudine Lilien, who exited WWE earlier this summer after serving a little over a year as SVP, head of global sales and partnerships.Stimmel will report to WWE chairwoman and co-CEO Stephanie McMahon and WWE co-CEO Nick Khan.His hiring comes after former CEO and chairman Vince McMahon on July 22 announced he was retiring amid ongoing investigations into allegations that he paid millions of dollars to multiple women to keep quiet about alleged affairs and misconduct. (WWE said it will revise financial statements going back to 2019 to account for $14.6 million of “certain payments” that Vince McMahon made during his tenure as chairman and CEO.) WWE appointed his daughter Stephanie and Khan to take over as co-CEOs.

EXCLUSIVE: Adam Ray, who portrayed Jay Leno in Disney+’s Pam and Tommy and Vince McMahon in NBC’s Young Rock, has joined the cast of Kumail Nanjiani’s Hulu Chippendales biopic Immigrant.

Shares of WWE jumped to a new 52-week high Monday, rising more than 10% amid executive and financial tumult on speculation that Vince McMahon’s exit could nudge a sale of the company.

Vince McMahon’s retirement announcement last week, the WWE will revise financial statements dating back to 2019. According to the organization, almost $15 million of payments made by McMahon should’ve been recorded as expenses.In an SEC filing this week, the company noted that it it “has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made.”According to the WWE, the aggregate amount of the payments during this period totals $14.6 million, and all payments were or will be paid by McMahon personally.

2K has delisted four different WWE games and all their downloadable content (DLC) from Steam.It looks like WWE 2K17, 18, 19 and 20 have all been removed from Steam with no current explanation as to why, alongside all the major DLC for these games as well. Players can still access these games within their library, but they are no longer available to be bought directly from Steam itself (via PC Gamer).Steam Tracker indicates that these delistings took place on July 13, with a Reddit user spotting the removals yesterday (July 24).

Word Wrestling Entertainment said Monday that $14.6 million of  payments by former CEO Vince McMahon from 2006 to 2022 weren’t recorded in the company’s accounts but should have been, and as a result the company will revise some of its previously issued financial statements.

The XFL, the spring pro football league fronted by Dwayne Johnson and Dany Garcia, took a big step toward finalizing its plans Sunday with a press conference that revealed the cities, venues and head coaches for its upcoming 2023 season.

Hours after Vince McMahon’s retirement as CEO from his WWE empire, his daughter, Stephanie McMahon, passed along her father’s thanks to fans in a live appearance on Fox’s WWE Friday Night SmackDown.

California Governor Gavin Newsom headlined a fundraiser on Friday at the Los Angeles home of Ellen Bronfman Hauptman and Andrew Hauptman that raised more than $1 million to back the Democratic Governors Association, according to organizers.