Vince McMahon pays WWE £14million to reimburse costs for investigation into his misconduct allegations

VINCE MCMAHON has paid out £14million to the WWE to cover costs related to investigations into misconduct allegations against him.

A WWE SEC filing confirmed McMahon, 77, paid to reimburse the company "for the costs that have been incurred and paid by the company and/or its subsidiaries" in relation to the investigation.

McMahon has covered costs up until January 31.

But the filing added he will also pay "for additional costs incurred by the company and/or its subsidiaries" after January 31.

He entered the reimbursement agreement on March 20.

McMahon then made the £14m payment to the Board of Directors’ Special Committee on March 23.

WWE's board formed a special committee to look into allegations made against McMahon.

He stepped down as WWE chairman and CEO last year amid allegations of misconduct.

McMahon stood down after accusations of sexual misconduct and reports he allegedly paid several women millions in hush money between 2006 and 2022.

However, he was unanimously voted back in by the board of directors and returned as executive chairman earlier this year.

McMahon returned to help facilitate a sale of the WWE.

He is the controlling shareholder of the company, and the astronomical amount of money each shareholder would make from the sale has recently been revealed.

Bloomberg has claimed that McMahon would be asking for around £7.47BN to sell, which would see him pocket a reported £2.1 BILLION for himself.