Vince McMahon Retires from WWE Amid Sexual Harassment Allegations, Investigation


It’s the top of a legendary period.

On Friday, Vince McMahon introduced that he’s retiring from WWE amid an ongoing investigation being undertaken by the corporate’s board of administrators into his alleged historical past of sexual harassment and inappropriate habits.

“At 77, time for me to retire. Thanks, WWE Universe,” McMahon tweeted this afternoon.

“Then. Now. Without end. Collectively.”

The choice comes after McMahon stepped down in June over a handful of sexual misconduct accusation.

It’s believed he paid upwards of $12 million to 4 ladies during the last 16 years in an effort to maintain these allegations from going public, the Wall Avenue Journal reported earlier this month.

All 4 ladies had been previously related to the corporate and signed nondisclosure agreements to stop them from discussing their relationships with McMahon.

Together with the above Tweet, the 77-year outdated launched a prolonged assertion.

“As I strategy 77 years outdated, I really feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon stated.

“All through the years, it’s been a privilege to assist WWE convey you pleasure, encourage you, thrill you, shock you, and at all times entertain you.

“I want to thank my household for mightily contributing to our success, and I’d additionally prefer to thank all of our previous and current Superstars and workers for his or her dedication and keenness for our model.

“Most significantly, I want to thank our followers for permitting us into your houses each week and being your selection of leisure.

“I maintain the deepest appreciation and admiration for our generations of followers all around the world who’ve favored, presently like, and generally even love our type of Sports activities Leisure.”

Upon McMahon stepping down just a few weeks in the past, his daughter Stephanie McMahon assumed the duties of interim CEO and board chairman.

She’s going to proceed to serve on this capability till a substitute is discovered, with help from Nick Khan.

“Our international viewers can take consolation in realizing WWE will proceed to entertain you with the identical fervor, dedication, and keenness as at all times,” Vince McMahon continued.

“I’m extraordinarily assured within the continued success of WWE, and I go away our firm within the succesful fingers of a unprecedented group of Superstars, workers, and executives – specifically, each Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan.

“As the bulk shareholder, I’ll proceed to help WWE in any manner I can. My private due to our group and enterprise companions, shareholders, and Board of Administrators for his or her steerage and help via the years.

“Then. Now. Without end. Collectively.”

McMahon bought the guardian firm of the then-World Wrestling Federation (WWF) from his father, Vincent J. McMahon, in 1982.

He morphed it from a regional professional wrestling group to a nationwide draw within the Eighties and finally turned WWE right into a multi-billion greenback, international enterprise.

McMahon additionally turned identified for his appearances onscreen because the villainous Mr. McMahon character, who famously feuded with Stone Chilly Steve Austin throughout WWE’s so-called Angle Period.

He’s superb buddies with Donald Trump, as properly.

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