As first reported by the Wall Street Journal, and then confirmed by several media outlets, Vince McMahon paid $5 million of around $20 million previously unrecorded expenses to Donald Trump’s foundation in 2007 and 2009.
It is being said that the donations were given during two years that Trump made appearances on televised WWE events.
This new information was part of the recent SEC filing by WWE, and comes weeks after McMahon retired as CEO and Chairman amid investigations into hush payments he made related to alleged sexual misconduct. WWE said the board’s independent probe into the matter is “substantially complete.”
It was noted that while the majority of the $20 million in payments went to women who accused McMahon and another WWE executive of sexual misconduct, another $5 million was used for unrelated purposes, also according to a recent SEC filing.
CNBC notes the $5 million represented charitable donations to the now-dissolved Donald J. Trump Foundation, the Journal reported, citing sources. The donations were given during two years that Trump made appearances on televised WWE events.
The WWE did not immediately return CNBC’s request for comment.