• Loading stock data...
Thursday, November 14, 2024

Report: McMahon Made $5M in Unrecorded Payments to Trump Charity

  • The payments were made at times when Trump appeared in WWE programming.
  • It’s all part of the $19.6 million in previously unreported expenses being uncovered by an internal board.
WWE

The hits against Vince McMahon keep on coming.

According to a new Wall Street Journal report, McMahon made previously unrecorded contributions totalling $5 million to the now-dissolved Donald J. Trump Foundation in 2007 and 2009 — a period when Trump was appearing in WWE programming.

Specifically, McMahon allegedly made a $4 million payment to the charity in 2007 — when Trump appeared in a storyline culminating in a “Battle of the Billionaires” at WrestleMania 23 that saw the latter shave the former’s head.

Then, in 2009, McMahon allegedly gave $1 million, which just so happened to be when Trump appeared on “WWE Raw” in a storyline that had him take over WWE, only to sell it back to McMahon for double the price.

An attorney for the wrestling company said the payments should have been recorded as business expenses because McMahon was a principal shareholder and the company benefited from the payments — though the attorney would not say how the company benefited.

It’s all part of the $19.6 million in previously unreported expenses being uncovered by an internal board after McMahon retired as Chairman and CEO of WWE following allegations of hush money and sexual misconduct.

The controversy stands in stark contrast to the company’s recent successes.

WWE set a sales record by selling over 90,000 tickets to WrestleMania 39 in the first 24 hours of sale. In the same week, it reported record revenue for Q2 2022.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Warns Teams About Political Game Day Rules

The league forbids displaying personal messages on game day.
Nick Bosa

NFL Waited for Trump Win to Fine Nick Bosa for MAGA Hat

The league usually issues such fines quickly, but waited weeks for Bosa.
Former President Donald Trump waves to the crowd as he exits the putting green with his aide Walt Nauta, left, during the final round of the LIV Golf Bedminster golf tournament at Trump National Bedminster on Sunday, Aug. 13, 2023.
opinion

Trump Win Puts Sports Back in the White House

With Trump back in the White House, sports get more political again.
Vanderbilt Commodores quarterback Diego Pavia (2) throws the ball as Auburn Tigers take on Vanderbilt Commodores at Jordan-Hare Stadium in Auburn, Ala., on Saturday, Nov. 2, 2024. Vanderbilt Commodores defeated Auburn Tigers 17-7.

Vandy QB Pavia Sues NCAA for 2 More Years of Eligibility

Diego Pavia beat Alabama. Can he beat the NCAA’s eligibility rules?
podcast thumbnail mobile
Front Office Sports Today

Will Drew Brees Return to Broadcasting?

0:00

Featured Today

Members of the NY Giants run onto the field to start the game between the New York Giants and the Washington Commanders at MetLife Stadium in East Rutherford on Sunday, Nov. 3, 2024.

The NFL Is Becoming the League With No Borders

Where will the NFL go next? International expansion will only get bigger.
November 5, 2024

NFL Center Connor McGovern Is the Heir to a Potato Empire

The NFL vet’s family provides potatoes for McDonald’s, Wendy’s, and others.
Vanderbilt Commodores fans head to the south end zone as the goal post is taken down by exuberant fans after beating No. 1 Alabama 40-35 at Vanderbilt Stadium in Nashville, Tenn., Saturday, Oct. 5, 2024.
opinion
November 2, 2024

Something New in College Football This Year: Parity

Upsets, surprises. CFB is more fun on the field than the NFL.
Sep 28, 2024; Tuscaloosa, Alabama, USA; GOP Presidential candidate Donald Trump waves flanked by former Georgia Bulldogs player Herschel Walker, recording art Kid Rock, professional golfer John Daily, Alabama senators Tommy Tuberville (R) and Katie Britt (R) during the second half of the game between the Alabama Crimson Tide and the Georgia Bulldogs at Bryant-Denny Stadium.
November 1, 2024

Mission Swing State: College Football’s Political Advertising Battle

Trump, Harris, and the PACs that support them are utilizing the sport.

Endeavor to Sell OpenBet, IMG Arena to Its CEO Ari Emanuel

The move is “a necessary step” as Endeavor seeks to go private.
October 22, 2024

Dude Perfect CEO’s Task: Make the Dudes a Media Company

Dude Perfect’s new CEO wants fans to be able to experience the brand in person.
May 22, 2024; Minneapolis, Minnesota, USA; Minnesota Timberwolves minority owners Marc Lore and Alex Rodriguez look on in the second half against the Dallas Mavericks during game one of the western conference finals for the 2024 NBA playoffs at Target Center.
October 23, 2024

A-Rod, Lore Deposit $940M As Wolves Ownership Hearing Nears

Rodriguez and Lore made a large escrow deposit in advance of a key upcoming arbitration hearing.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Feb 13, 2023; Beverly Hills, CA, USA; Disney CEO Bob Iger arrives at the 95th Oscars nominees luncheon at the Beverly Hilton in Beverly Hills, Calif. on Monday, Feb. 13, 2023.
October 21, 2024

Bob Iger’s Successor Won’t Be Named Until 2026

Iger’s current contract expires at the end of 2026.
August 28, 2024

New York First: Yankees and MSG Go All In on Live Sports Streaming Pact

The YES Network and MSG Networks will offer their content in a combined streaming app.
August 28, 2024

ESPN’s Pitaro: RSN Turmoil An Opportunity to Expand Local Game Coverage

ESPN chairman Jimmy Pitaro highlights a fast-developing regional content strategy.
August 26, 2024

NFL Ready to Break New Ground With Historic Private Equity Investment

The league is poised to make official a long-awaited embrace of private equity.