It’s over.
Vince McMahon, the flamboyant wrestler announced his retirement as the CEO of World Wrestling Entertainment on July 1, 2019. Friday.
McMahon made his announcement via Twitter saying, “At 77, it’s time for me to retire. Thank you, WWE Universe. Afterward. The current. Forever. Together. #WWE #grateful“
McMahon turns 77 on Sunday.
The news comes in weeks allegations of false payments to adjusted more than 12 million dollars For women, the longtime wrestling boss, a married man, is said to have sex with.
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Bombshell reports from the Wall Street Journalsaid that four women, all of whom had worked for WWE, allegedly signed agreements with McMahon that “barred them from discussing potential legal claims against or their relationships” with him. .
McMahon has abdicated his corporate responsibilities, though not relinquishing his creative role, while the WWE Board of Directors investigates many of these allegations. But now, McMahon’s decades-long reign of WWE is over, and that includes having no role related to creative content.
“I want to thank my family for their enormous contribution to our success, and I also want to thank all of our past and present Superstars and employees for their dedication and passion. their passion for our brand,” McMahon said in a statement. “Most importantly, I want to thank our fans for allowing us to come to your home every week and be your entertainment choice.”
McMahon’s daughter is Stephanie and, like Deadspin’s Eric Blum predicted earlier this monthWWE President Nick Khan will take the position of co-CEO, according to McMahon, and Stephanie will assume the position of president of the company.
McMahon’s long wrestling reign dates back to the 1970s while working for his father Vince McMahon Sr., The younger McMahon, however, has grown the business into a multibillion-dollar fortune, from his Stamford, Connecticut headquarters.
This is breaking news, check back for updates.
