Mr. McMahon announced his retirement as WWE Chairman and CEO last month, following investigations launched into his personal life. Despite making several appearances on WWE television since the allegations surfaced, he made his announcement at the end of July.
Following the allegations, WWE announced that they would revise their financial statements, going all the way back to 2019. This is primarily to account for $14.6 million made in payments. It was recently discovered that a further $5 million in payments had been made, taking the total to $19.6 million.
Cornette revealed why he found it surprising when recounting what McMahon used to say when they worked together in the 90s:
Jim Cornette added that he was “astonished” at the news that Vince McMahon has had to pay $19 million in settlements.
Jim Cornette on John Laurinitis’ future in pro wrestling following WWE departure
John Laurinaitis was also reportedly let go by WWE in the fallout from the Vince McMahon scandal. With Laurinaitis no longer with the company, Cornette’s co-host Brian Last asked him about Laurinitis’ future in pro wrestling.
Cornette said that he couldn’t envision Johnny Ace working at IMPACT Wrestling. He also went on to comment on why Tony Khan won’t hire Laurinaitis to be a part of AEW:
At this point, a return for John Laurinitis seems very unlikely. Could we see him back in pro wrestling? Sound off in the comments section.
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