WWE’s Vince McMahon served with subpoena by federal agents

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WWE’s Vince McMahon served with subpoena by federal agents
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Federal law enforcement agents executed a search warrant and served a federal grand jury subpoena to WWE Executive Chairman Vince McMahon last month, according to a regulatory filing.

McMahon is also taking medical leave from the sports entertainment company following recent spinal surgery.

“In 2022, WWE formed a special committee to review allegations of misconduct against me," McMahon said in a statement. “That review was concluded in November 2022 following an extensive investigation. Throughout this experience, I have always denied any intentional wrongdoing and continue to do so. I am confident that the government’s investigation will be resolved without any findings of wrongdoing.

Revenue totaled $410.3 million, a quarterly record. That topped Wall Street's estimate of $398.5 million. Revenue from live events jumped 51% for the period ended June 30., said that it saw an increase in ticket sales for live events, both domestically and overseas. It also reported an uptick in advertising and sponsorship revenue.

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