Vince McMahon is at the center of a major scandal involving allegations of hush money payments and sexual assault. He eventually returned to his position as majority shareholder and Executive Chairman of WWE, wielding his power to shape the company’s direction. Nick Khan recently commented on the situation, and he expressed doubt that more allegations are on the way.
According to documents and people familiar with the board inquiry, the WWE board was investigating a secret $3 million settlement that Vince McMahon reportedly agreed to pay to a departing employee with whom he allegedly had an affair. The Wall Street Journal published the article on June 15, 2022.
Former WWE referee Rita Chatterton is seeking $11.75 million in damages from WWE’s former CEO, Vince McMahon, over an alleged rape that occurred in a limousine in 1986. Chatterton, who was the first female referee in WWE history, initially broke her silence about the alleged rape in 1992. McMahon, who has denied the allegations, retired as CEO and Chairman of WWE earlier this year after it was reported that he authorized hush money payments to several women.
According to The Wall Street Journal, Chatterton’s attorney, John Clune, sent a demand letter to McMahon’s lawyer on November 3rd. In the letter, Clune stated that the effects of McMahon’s alleged actions were “hard to overstate,” and that Chatterton has suffered from years of ongoing depression, substance abuse, disordered eating, lost income, and overall a decreased quality of life.
More information about McMahon’s alleged misconduct and hush money would be released, and he would step down as WWE CEO on July 22nd, 2022. McMahon rejoined WWE as a member of the board of directors on January 6. WWE CEO Nick Khan was asked if he expects more allegations against McMahon to surface on The Bill Simmons Show.
I’m not. It feels like whatever happened, happened, and it’s out there and people know. I’ve always found him to be a very honest broker with this stuff. Even when the process started last summer, there was nothing that he hid, nothing that he covered up. He was very honest about it, I appreciated that, and I think a lot of other folks did too.
In November, the WWE board of directors concluded its investigation into McMahon. The Wall Street Journal reported in December 2022 that McMahon was facing legal action from two women who claimed he sexually assaulted them. Rita Chatterton is also seeking $11.75 million in damages after publicly accusing McMahon of rape three decades ago.
Nick Khan then discussed if the allegations, specifically Chatteron’s, would hold up any potential sale of WWE.
“Everyone is just plowing ahead. You just move forward. In all these businesses, there is never a clean and clear path. There is always some encumbrance, something in the way, some hurdle in the way that you have to get around or get through. I see that like I would any other item like it.”
Nick Khan used to share the position of CEO with Vince McMahon’s daughter Stephanie McMahon. Now Nick Khan is the sole CEO of WWE as his Co-CEO has given her resignation after her father’s return to the company.
WWE has stated that they will not comment further until the process is completed or the Company has determined that additional disclosure is appropriate or required. McMahon will also not require any approval from WWE’s shareholders to take any actions from now on. Keep an eye on Thirsty for the latest updates.
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