HomeBusinessWWE discloses $5 million in McMahon payments, delays earnings report

WWE discloses $5 million in McMahon payments, delays earnings report

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Ethan Miller | Getty Images Entertainment | Getty Images

World Wrestling Entertainment disclosed another $5 million in payments made by former CEO Vince McMahon and delayed its earnings report, according to an SEC filing.

The update comes after a disclosure of $14.6 million in previously unrecorded expenses paid out by McMahon, and his retirement from the company. The Wall Street Journal had reported that the hush payments were under investigation by federal prosecutors and the Securities and Exchange Commission.

McMahon, who retired as CEO and chairman of the company last month, is the largest shareholder of the company with a 32% stake. He bought the company from his father about 40 years ago and oversaw…

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