<p>World Wrestling Entertainment boss Vince McMahon was the target of a federal search warrant and a grand jury subpoena, according to a statement from the corporation on Wednesday.</p>
<p>A <a href="https://www.cnbc.com/2023/08/02/feds-subpoena-wwe-boss-vince-mcmahon-serve-search-warrant-.html" target="_blank" rel="noopener">report</a> published by CNBC tied the subpoena and the search warrant – which was reportedly executed on July 17 by federal law enforcement – to the allegations against McMahon regarding payments he reportedly made to a number of women following accusations of sexual impropriety.</p>
<p>The search came one year after the U.S. Securities and Exchange Commission and federal prosecutors launched an investigation into the payments, which were <a href="https://www.cnbc.com/2022/07/25/federal-prosecutors-sec-probing-ex-wwe-ceo-vince-mcmahon-hush-payments.html" target="_blank" rel="noopener">disclosed</a> by the WWE just days after McMahon retired as CEO. At the time, the WWE reported $14.6 million in expenses that were paid out personally by McMahon — none of which had been recorded previously. He still serves as executive chairman of the company.</p>
<p>In addition to the news about the search and subpoena, the WWE <a href="https://otp.tools.investis.com/clients/us/wwe/SEC/sec-outline.aspx?FilingId=16828943&amp;amp;Cik=0001091907&amp;amp;PaperOnly=0&amp;amp;HasOriginal=1" target="_blank" rel="noopener">revealed</a> that McMahon is currently on medical leave due to his recent spinal surgery – and he was expected to remain on leave for some time.</p>
<p><b data-stringify-type="bold"><a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-55516">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>&#8220;[McMahon] went on medical leave after undergoing major spinal surgery,&#8221; the report said, adding that he would &#8220;remain on medical leave until further notice but will remain Executive Chairman&#8221; of the corporation.</p>
<p>The WWE also noted that the corporation &#8220;has received voluntary and compulsory legal demands for documents, including from federal law enforcement and regulatory agencies, concerning the investigation and related subject matters.&#8221;</p>
<p>&#8220;We continue to fully cooperate with any investigation. Outside of that we are not going to comment on any legal matter,&#8221; CEO Nick Khan <a href="https://deadline.com/2023/08/wwe-ufc-merger-smackdown-raw-wrestlemania-money-in-the-bank-vince-mcmahon-1235453013/" target="_blank" rel="noopener">said</a>. No charges have yet been brought against McMahon or the corporation.</p>
<p>The WWE is still <a href="https://www.espn.com/wwe/story/_/id/36066332/endeavor-ufc-wwe-merger-2023-explained" target="_blank" rel="noopener">expected to merge</a> with the UFC to form a new company controlled by The Endeavor Group. That merger is expected to take place later this year, according to the WWE&#8217;s latest report. According to ESPN, Endeavor will own 51% of the new company. Those who currently own shares in the WWE shareholders will hold 49% of the new company.</p>

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Feds Hit Vince McMahon With Subpoena And Search Warrant, WWE Reveals