WWE government chairman Vince McMahon, who returned to the corporate earlier this month, has settled a lawsuit from a former referee who accused him of raping her in 1986, his lawyer advised The Wall Road Journal on Thursday.
The precise sum of the multimillion-dollar settlement with Rita Chatterton, which was accomplished final month, was undisclosed. The settlement extends a run of funds associated to sexual misconduct allegations involving McMahon that totaled $19.6 million earlier than this newest settlement.
“Mr. McMahon denies and always has denied raping Ms. Chatterton,” McMahon’s private lawyer, Jerry McDevitt, advised The Wall Road Journal, which first reported the settlement. “And he settled the case solely to avoid the cost of litigation.”
WWE declined to remark.
McMahon, 77, alleged in a 1993 lawsuit that Chatterton was satisfied to make a false rape accusation by one other wrestler with a vendetta. McMahon withdrew the go well with in 1994, he mentioned, so as to give attention to a trial the place he was accused of peddling steroids to wrestlers.
McMahon retired final summer time following allegations of sexual misconduct that included nondisclosure settlement funds. Although McMahon used private funds for the NDA funds, he didn’t document these bills, which totaled $19.6 million.
After McMahon stepped away, his daughter, Stephanie McMahon, and Nick Khan, a longtime agent at CAA, assumed the roles of co-CEO. Stephanie McMahon resigned final month, leaving Khan as sole CEO.
Stephanie McMahon’s husband, WWE Corridor of Famer Paul “Triple H” Levesque, stays in command of artistic as chief content material officer.
Vince McMahon returned weeks in the past as chairman of the board to “fully capitalize” on the upcoming media rights negotiations. The board beforehand rebuffed an try from McMahon to return to the corporate, however he retained the vast majority of the voting energy.
“WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,” McMahon mentioned earlier this month.
“My return will allow WWE, as well as any transaction counterparties, to engage in these processes knowing they will have the support of the controlling shareholder.”
WWE’s rights offers with Fox and USA expire subsequent yr; negotiations are anticipated to start later in 2023. WWE posted its first billion-dollar income yr in 2022. McMahon purchased the corporate from his father in 1982 and constructed the then-WWF into the preeminent wrestling firm on the earth.