Nick Khan comments on allegations against Vince McMahon.
On June 15, 2022 the Wall Street Journal reported 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, according to documents and people familiar with the board inquiry. More reports regarding McMahon's alleged misconduct and hush money would be published and he would retire as WWE CEO on July 22, 2022.
On January 6, McMahon returned to WWE a member of the board of directors.
With WWE gearing up for a potential sale, WWE CEO Nick Khan was asked if he expects more allegations to come out against McMahon.
"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," he said when speaking on The Bill Simmons Show.
The WWE board wrapped its investigation of McMahon in November. In December 2022, the Wall Street Journal reported that McMahon was facing legal demands from two women who allege that he sexually assaulted them. Rita Chatterton is reportedly asking for $11.75 million after publicly accusing McMahon three decades ago of raping her.
Asked if the allegations, specifically Chatteron's, would hold up any potential sale of WWE, Khan said, "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."
Elsewhere during the interview, Khan discussed the process of potentially selling WWE. You can find his full comments by clicking here.
WWE has stated they do not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required.
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