Vince McMahon Issues Statement Following Grand Jury Subpoena
Vince McMahon issued a statement to WWE employees in light of recent events.
As part of WWE’s second quarter 2023 financial filings to the Securities and Exchange Commission, the company has confirmed that “On July 17, 2023, federal law enforcement agents executed a search warrant and served a federal grand jury subpoena on Mr. McMahon. No charges have been brought in these investigations.”
It remains to be seen if charges will come at a later date in relation to the subpoena. It is also noted that “The Company has received voluntary and compulsory legal demands for documents, including from federal law enforcement and regulatory agencies, concerning the investigation and related subject matters.”
Later in the filing it also confirms that McMahon is currently on medical leave from the company following “major spinal surgery.” It is noted that McMahon is on leave until further notice but maintains his role as Executive Chairman during this time.
What did Vince McMahon tell WWE employees?
WrestleVotes has now reported the full statement sent by Vince McMahon to WWE employees following the revelation and says he continues to deny any “intentional wrongdoing” on his part:
“In 2022, WWE formed a special committe to review allegations of misconduct against me. That review was concluded in Novmeber 2022 following an extensive investigation. Throughout this experience, I have always denied intentional wrongdoing and continue to do so.
“I am confident that the government’s investigation will be resolved without any findings of wrongdoing. I am focused on completing the recovery process from my recent spinal surgery and on closing our transaction with Endeavor, which will create one of the preeminent global sports and entertainment brands.”
The filing to the SEC by WWE confirmed that Vince McMahon has repaid the company over $17 million in regard to the investigation into his conduct following his agreement to do so when he returned to the Board of Directors in early 2023.