Vince McMahon Retires From WWE

Vince McMahon — the longtime chairman and CEO of World Wrestling Leisure — is retiring from his function with the corporate, he introduced Friday.

“As I method 77 years outdated, I really feel it is time for me to retire as Chairman and CEO of WWE,” McMahon stated in a press release.

“All through the years, it has been a privilege to assist WWE convey you pleasure, encourage you, thrill you, shock you, and all the time entertain you.”

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

Vince purchased the corporate from his father, Vincent J. McMahon in 1982 … and has been the face of the model ever since.

Vince was accountable for the “Angle Period” within the Nineties, which turned skilled wrestling right into a mainstream phenomenon … and helped Superstars like The Undertaker, Kane, The Rock, Stone Chilly Steve Austin, Triple H, Chyna and extra grow to be family names.

The billionaire can be the mastermind behind WrestleMania … which simply had its thirty eighth installment this previous April.

McMahon purchased WWE’s greatest competitor, World Championship Wrestling, in 2001 … making his firm probably the most dominant group within the sport.

“Most significantly, I want to thank our followers for permitting us into your properties each week and being your selection of leisure,” he added. “I maintain the deepest appreciation and admiration for our generations of followers everywhere in the world who’ve favored, presently like, and generally even love our type of Sports activities Leisure.”

Vince not too long ago stepped away from his function as chairman and CEO … amid an investigation into alleged misconduct. His daughter, Stephanie, was named interim CEO and interim Chairwoman.

The investigation comes after a report claiming McMahon allegedly agreed to pay $12 million in “hush cash” to 4 completely different girls over a 16-year time interval … so they might not talk about their relationships with him.

McMahon appeared on “WWE SmackDown!” shortly after he voluntarily stepped down … and made a speech that felt like a goodbye message to followers.

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