Another chunk of money which had not been recorded by Vince McMahon was seemingly linked to The Trump Foundation.
Several unrecorded have been uncovered in the wake of the investigation in to Vince McMahon, with the former WWE Chairman causing some statements to be restated. However, the latest money to be uncovered was seemingly was not part of the “hush money” payoffs which many would expect, but rather to the foundation run by former President Donald Trump.
According to Wrestlenomics’ Brandon Thurston, the IRS filings by WWE show that the company made payments of a combined $5 million to the Donald J. Trump Foundation between 2007 and 2009. The payments are confirmed as being made by WWE and the filing is made using the former headquarters address of the company, however no individual person is listed as making the payments.
The filing did note that the payments weren’t linked to the internal investigation being conducted in to Vince McMahon.
[T]he Company has determined that two additional payments totalling $5.0 million, unrelated to the allegations that led to the Special Committee investigation, that Mr McMahon made in 2007 and 2009 should have been recorded in the Company’s consolidated financial statements.
It’s important to note that Donald Trump did make on-screen appearances for the company during the timeframe mentioned, including the Battle Of The Billionaires and a spell where he “bought” the company.
The filings have interestingly come to light just after the former President’s Miami home was searched by the FBI. Further to this, it could be the case that the payments were made through the foundation as a way of avoiding tax.
Donald Trump’s last appearance in WWE came when he was inducted in to the celebrity wing of the Hall Of Fame in 2013.