{"id":114721,"date":"2022-07-25T09:58:53","date_gmt":"2022-07-25T14:58:53","guid":{"rendered":"https:\/\/prowrestling.net\/site\/?p=114721"},"modified":"2022-07-25T09:58:53","modified_gmt":"2022-07-25T14:58:53","slug":"wwe-revising-financial-statements-due-to-14-6-million-paid-that-should-have-been-listed-as-company-expenses","status":"publish","type":"post","link":"https:\/\/prowrestling.net\/site\/2022\/07\/25\/wwe-revising-financial-statements-due-to-14-6-million-paid-that-should-have-been-listed-as-company-expenses\/","title":{"rendered":"WWE revising financial statements due to $14.6 million paid that should have been listed as company expenses"},"content":{"rendered":"<div id=\"prowr-1247961694\" class=\"prowr-apple-podcast-button-link prowr-entity-placement\" style=\"margin-left: auto;margin-right: auto;text-align: center;\"><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/pro-wrestling-boom-podcast\/id1365989370\" aria-label=\"SUBSCRIBE IN APPLE PODCASTS\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?fit=320%2C78&#038;ssl=1\" alt=\"SUBSCRIBE IN APPLE PODCASTS\"  srcset=\"https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?w=320&ssl=1 320w, https:\/\/i0.wp.com\/prowrestling.net\/site\/wp-content\/uploads\/advanced_ads\/2019\/07\/Logo2019_ApplePodcasts_320wide.png?resize=300%2C73&ssl=1 300w\" sizes=\"(max-width: 320px) 100vw, 320px\" width=\"320\" height=\"78\"   \/><\/a><\/div><p><b>By Jason Powell<\/b>, ProWrestling.net Editor (<a href=\"https:\/\/twitter.com\/prowrestlingnet\" target=\"_blank\" rel=\"noopener\">@prowrestlingnet<\/a>)<\/p>\n<p>WWE announced Monday in an SEC filing that it will revise financial statements because $14.6 million paid by Vince McMahon should have been recorded as official company expenses. &#8220;The Company has made a preliminary determination that certain payments that Vince McMahon agreed to make during the period from 2006 through 2022 (including amounts paid and payable in the future), and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made (the &#8216;Unrecorded Expenses&#8217;),&#8221; reads the filing. The filing also stated that all payments were or will be paid by Vince McMahon personally. Read the full filing at <a href=\"https:\/\/otp.tools.investis.com\/clients\/us\/wwe\/SEC\/sec-show.aspx?Type=html&amp;FilingId=15963103&amp;CIK=0001091907&amp;Index=10000\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Powell&#8217;s POV:<\/strong><\/span> This appears to be what ultimately led to the end of Vince McMahon&#8217;s reign atop WWE. The filing also notes that the company&#8217;s investigation into McMahon is ongoing. And for all the concern over what would happen to WWE stock once Vince was out of power, it&#8217;s up over $5.50 today as of this update.<\/p>\n<div id=\"prowr-3974501338\" class=\"prowr-after-content prowr-entity-placement\"><a class=\"spreaker-player\" href=\"https:\/\/www.spreaker.com\/show\/pwboom\" data-resource=\"show_id=3275525\" data-theme=\"light\" data-playlist=\"show\" data-width=\"100%\" data-height=\"340px\">Listen to \"Pro Wrestling Boom Podcast\" on Spreaker.<\/a><script async src=\"https:\/\/widget.spreaker.com\/widgets.js\"><\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>By Jason Powell, ProWrestling.net Editor&#8230;<\/p>\n","protected":false},"author":5,"featured_media":2747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,4],"tags":[56,101],"class_list":["post-114721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsticker","category-wwe_news","tag-vince-mcmahon","tag-wwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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