Vince McMahon Was Served with Fed Search Warrant & Grand Jury Subpoena in July

WWE held an investor’s meeting earlier today to discuss the results of their fiscal second quarter 2023 results.

In a potential major note, WWE revealed in their SEC filing for this past fiscal quarter that WWE Executive Chairman Vince McMahon was served with a Federal search warrant and grand jury subpoena this past July.

This was stated to have taken place on July 17th but no charges have been filed against McMahon.

“As previously disclosed on June 17, 2022, a Special Committee of the Board of Directors was formed on June 15, 2022 to investigate allegations of misconduct by Vince McMahon. As previously disclosed, the Special Committee investigation was completed during the fourth quarter of 2022. However, related government investigations remain ongoing.

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.

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.

Fully consistent with prior expectations, the Company and Endeavor expect their transaction to be closed in the second half of 2023.

Additional information with respect to this item may be found in Note 18, Commitments and Contingencies, to the Consolidated Financial Statements.”

Wrestlenomics’ Brandon Thurston reported that his sources stated that McMahon and WWE sent internal emails to all of their staff informing them of the situation with the government’s current investigation of McMahon.

McMahon’s email reportedly stated:

“In 2022, WWE formed a special committee to review allegations of misconduct against me. That review was concluded in November 2022 following an extensive investigation. Throughout this experience, I have always denied any 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.”

WWE’s email reportedly stated:

“We believe this is a continuation of the investigation that commenced last summer. WWE has cooperated throughout and fully understands and respects the government’s need for a complete process.”

During this morning’s investor’s meeting, WWE CEO Nick Khan stated that WWE will fully cooperate with any federal investigation but would not comment on any legal-related matters.

McMahon has been on a leave of absence from WWE since this past July due a spinal surgery and recovery.