WWE
On Friday, July 8, The Wall Street Journal published a second report in regards to alleged “hush money” paid to a number of women by Vince McMahon.
The report from the Wall Street Journal indicated that Vince McMahon has paid over $12 million in “hush money” over the past 16 years to “suppress allegations of sexual misconduct and infidelity”, including a $7.5 million payment to a former WWE wrestler. Click here to see the full report.
The day before this report came out, Connor Schell, a member of WWE’s board of directors, resigned from his role, which according to WWE’s 8-K, was due to ‘an increased slate of responsibilities resulting from his new, expanded role at the newly formed The North Road Company, a global, multi-genre content studio. Mr. Schell’s decision to resign from the Board was not due to any dispute or disagreement with the Company, its management or the Board on any matter relating to the Company’s operations, policies or practices.’
The timing of his departure, given the report which was published the following day, seems pretty coincidental, and Dave Meltzer has discussed Schell’s resignation on the latest episode of Wrestling Observer Radio. He said:
“When Connor Schell left the company on Thursday, it did seem very suspicious. Especially because he knew the story was coming on Friday. And it did.
“There’s no evidence of Connor Schell leaving over that, but someone abruptly leaving the day before the story breaks, who knows the story’s gonna break, and also is one of the people who’s aware of what is going on in the investigation, more than almost anyone, it’s a very curious move without a doubt.
“They sold it as ‘he had other business endeavors and he didn’t have the time for (WWE)’, but that’s highly unusual to leave without giving a couple months notice for people to replace him and things like that.”
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McMahon remains under investigation, with his daughter Stephanie McMahon acting as interim CEO for the time being.
All further updates and follow-ups on this story can be found at this link.
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