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All-Purpose News Thread Part II

Remember that time he was a drunken asshole to serving staff, tried calling them out on social media, and promptly got blasted for it?

If only Biz had been there!
 
The picture I saw of this was f***ing butt ugly

Edit: said pic



I feel like this is way too quick of a change to have any positive reception. I mean it's never gonna have positive reception, but if that's legit, it's gonna be very negative.

You gotta boil the frog, not pour gas on it and light it on fire.
 
I feel like this is way too quick of a change to have any positive reception. I mean it's never gonna have positive reception, but if that's legit, it's gonna be very negative.

You gotta boil the frog, not pour gas on it and light it on fire.

It looks like a FOX celebrity boxing ring more than it’s does a UFC surface
 
Re: Consecutive night stadium shows in different cities

I think it was a random thought thrown out into the world so it's not fair to directly reply to anyone.

Part of the financial benefit to the company is a second night of ticket sales with minimal additional costs. Having two nights in two different cities means twice the production costs so it wouldn't happen in traditional markets. Someone opined about it happening in Saudi Arabia and if WWE could talk the hosts into paying for the production costs then it could happen there. It's more difficult to envision it happening in two neighbouring countries or even two in the UK or Germany or wherever else may have the fan base or travel accessibility to host the events.
 
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Re: Consecutive night stadium shows in different cities

I think it was a random thought thrown out into the world so it's not fair to directly reply to anyone.

Part of the financial benefit to the company is a second night of ticket sales with minimal additional costs. Having two nights in two different cities means twice the production costs so it wouldn't happen in traditional markets. Someone opined about it happening in Saudi Arabia and if WWE could talk the hosts into paying for the production costs then it could happen there. It's more difficult to envision it happening in two neighbouring countries or even two in the UK or Germany or wherever else may have the fan base or travel accessibility to host the events unless they back up the Brinks truck.
Well, yeah, someone would have to pay for it.

KSA definitely would
 
Re: Consecutive night stadium shows in different cities

I think it was a random thought thrown out into the world so it's not fair to directly reply to anyone.

Part of the financial benefit to the company is a second night of ticket sales with minimal additional costs. Having two nights in two different cities means twice the production costs so it wouldn't happen in traditional markets. Someone opined about it happening in Saudi Arabia and if WWE could talk the hosts into paying for the production costs then it could happen there. It's more difficult to envision it happening in two neighbouring countries or even two in the UK or Germany or wherever else may have the fan base or travel accessibility to host the events.

Maybe they can try having Wrestlemania in 3 different cities again. lol
 

It looks like Malakai Black is done with AEW.

Late last night a report from Fightful Select revealed that those they spoke to within AEW believed Malakai Black was done or was finishing up with the company.

Following this report Dave Meltzer would reveal that his contacts within the company were unable to confirm or deny the report but noted that the rumour backstage in AEW is that Malakai Black is officially done with the company.

Speculation and rumour has persisted in recent months that Malakai Black is keen to return to the WWE under Triple H’s guidance in an attempt to replicate the success Black saw in NXT under ‘The Game.’
 
Vince McMahon settled his case with the SEC on Thursday. He certainly got off pretty easy as he agreed to pay a $400,000 civil penalty plus he has to reimburse the WWE $1.33 million after consenting to an order finding that he violated the Securities Exchange Act.

The SEC issued the follwing statement:

The Securities and Exchange Commission today announced settled charges against Vince McMahon, the former Executive Chairman and CEO of World Wrestling Entertainment Inc., for signing two settlement agreements, one in 2019 and one in 2022, on behalf of himself and WWE without disclosing the agreements to WWE’s Board of Directors, legal department, accountants, financial reporting personnel, or auditor. Doing so circumvented WWE’s system of internal accounting controls and caused material misstatements in WWE’s 2018 and 2021 financial statements.

According to the SEC’s order, one settlement agreement obligated McMahon to pay a former employee $3 million in exchange for the former employee’s agreement to not disclose her relationship with McMahon and her release of potential claims against WWE and McMahon, and the second agreement obligated McMahon to pay a former WWE independent contractor $7.5 million in exchange for the independent contractor’s agreement to not disclose her allegations against McMahon and her release of potential claims against WWE and McMahon. The order finds that, because McMahon failed to disclose the agreements to WWE, WWE did not evaluate the disclosure implications or the appropriate accounting for these transactions in its financial statements. The SEC’s order finds that, because the payments required by the 2019 and 2022 agreements were not recorded, WWE overstated its 2018 net income by approximately 8 percent and its 2021 net income by approximately 1.7 percent. In addition, according to the order, these payments should have been disclosed as related party transactions.

The order further finds that McMahon signed management representation letters that were provided to WWE’s auditor that did not disclose the existence of either settlement agreement. After learning of the settlement agreements, WWE issued a restatement of its financial statements in August 2022.

“Company executives cannot enter into material agreements on behalf of the company they serve and withhold that information from the company’s control functions and auditor,” said Thomas P. Smith Jr., Associate Regional Director in the New York Regional Office.

McMahon consented to the entry of the SEC’s order finding that he violated the Securities Exchange Act by knowingly circumventing WWE’s internal accounting controls and that he directly or indirectly made or caused to be made false or misleading statements to WWE’s auditor. The order also finds that McMahon caused WWE’s violations of the reporting and books and records provisions of the Exchange Act. Without admitting or denying the SEC’s findings, McMahon agreed to cease-and-desist from violating those provisions, pay a $400,000 civil penalty, and reimburse WWE $1,330,915.90 pursuant to Section 304(a) of the Sarbanes-Oxley Act.

The SEC’s investigation was conducted by Peter Pizzani, Mala Bartucci, Kenneth Gottlieb, Diego Brucculeri, Travis Hill, Liora Sukhatme, and Alison Conn and was supervised by Mr. Smith, all of the New York Regional Office, and had assistance from Chyhe K. Becker and Tyler Remick of the Division of Economic and Risk Analysis.
 
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And of course Vince just doesn't know when to STFU and issued his own statement on Thursday:

“The case is closed. Today ends nearly three years of investigation by different governmental agencies. There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading.

“In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”




Which led to this statement from Ann Callis who is the attorney for Janel Grant:

During his time leading WWE, Vince McMahon acted as if rules did not apply to him, and now we have confirmation that he repeatedly broke the law to cover up his horrifying behavior, including human trafficking. The SEC’s charges prove that the NDA Vince McMahon coerced Ms. Grant into signing violates the law, and therefore her case must be heard in court. While prosecutors for the Southern District of New York continue their criminal investigation, we look forward to bringing forward new evidence in our civil case about the sexual exploitation Ms. Grant endured at WWE by Vince McMahon and John Laurinaitis.
 

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