TKO Details Repayments By Vince McMahon For Certain Funds

Former WWE Chairman Vince McMahon resigned from WWE and parent company TKO in January following the filing of a sex trafficking lawsuit against him by Janel Grant, 18 months after his initial resignation in 2022 following reports he had misappropriated company funds to pay NDAs to Grant and others. McMahon has since reimbursed WWE for money spent in connection to its investigation, as indicated in WWE's latest quarterly report.

"Mr. McMahon has agreed to make future payments to certain counterparties personally," the report reads. In its report, WWE clarifies that these funds should be recognized as expenses "in the period in which they become probable and estimable."  The reported detailed McMahon's liabilities to be $1.5 million as of December 31, 2023. It's further noted that as of June 30, 2024, McMahon had made the payments to the relevant parties in full and directly.

"In connection with and/or arising from the investigation conducted by a Special Committee of the former WWE board of directors, Mr. McMahon has agreed to reimburse the Company for additional costs incurred in connection with and/or arising from the same matters," the section concludes. 

McMahon returned to WWE after his initial resignation in January 2023, announcing his intent to secure a sale of the company. That turn of events led to the formation of TKO, with which McMahon continued as Executive Chairman. Grant's lawsuit in January this year alleged gross sexual misconduct and trafficking at the hands of McMahon during her time with the company, which he has continuously and vehemently denied, and saw him resign from his roles with TKO and WWE.