Vince McMahon Announces He's Retiring From WWE Amid Sexual Misconduct Probe

The 76-year-old CEO and chairman of wrestling organization made the announcement on Friday amid a sexual misconduct probe, following allegations of paying millions in hush money

“As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE,” he said in a statement, via Variety.

Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you.

I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our Superstars and employees for their dedication for our brand.

Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment.

I hold the deepest appreciation and admiration for our generations of fans all over the world who have liked, like, and sometimes even love our form of Sports Entertainment.”