WWE CEO Vince McMahon is on medical leave "until further notice" following his surgery

WWE CEO Vince McMahon is on his approach to a trip, simply as the corporate seems to shut its huge merger with the UFC. On the identical time, McMahon faces ongoing scrutiny over the alleged hush cash funds that have been the focus of an inside investigation led by the corporate’s board of administrators final 12 months.

In WWE’s 10-Q submitting on Wednesday morning, the corporate disclosed in a footnote that “On July 17, 2023, federal legislation enforcement brokers executed a search warrant and served a federal grand jury subpoena relating to Mr. McMahon. No expenses have been filed in these investigations.” .

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The corporate had beforehand mentioned it had acquired requests for paperwork and different data from regulators and legislation enforcement, and that it was cooperating with these requests. Nevertheless, the search warrant signifies that the investigation is ongoing and energetic.

Additionally in a postscript on Wednesday, the corporate revealed that McMahon, who returned to WWE as CEO early this 12 months, is on medical depart “till additional discover.”

“On July 21, 2023, Mr. McMahon went on medical depart after present process main backbone surgical procedure,” the corporate wrote. “Mr. McMahon will stay on medical depart till additional discover however will proceed to be the CEO of the corporate.”

In March, McMahon reimbursed WWE $17.4 million for prices related to the board’s investigation into misconduct. prices related to its investigation It kept happening.

McMahon stepped down as CEO of WWE final 12 months, handing day-to-day management to Stephanie McMahon and Nick Khan’s daughters. Nevertheless, he remained the controlling shareholder within the firm.

in An amazing move Early this 12 months, McMahon used his controlling curiosity to place himself and two others on the corporate’s board of administrators, and introduced that he would ask the corporate to think about strategic alternate options.

He was later named CEO of WWE, and the corporate introduced a cope with Endeavor to merge with its UFC business and the creation of a devoted impartial sports activities firm, TKO Inc. That deal continues to be on monitor to shut within the subsequent few months.

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