Vince McMahon Retires From WWE Amid Misconduct Scandal

Written by on July 22, 2022

Vince McMahon took the WWE to new heights all through his profession however immediately, his tenure with the corporate is formally coming to an finish. McMahon introduced that he could be retiring from the WWE, stepping down from his positions with the company that he held because the 1980s.

“As I strategy 77 years outdated, I really feel it’s time for me to retire as Chairman and CEO of WWE,” McMahon mentioned in an announcement. “All through the years, it’s been a privilege to assist WWE carry 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 wish to thank all of our previous and current Superstars and staff for his or her dedication and fervour for our model. Most significantly, I want to thank our followers for permitting us into your properties 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.”

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The announcement of his retirement arrives on the heels of allegations of misconduct. A report from the Wall Avenue Journal alleged that he paid out upwards of $12M in hush cash to girls about alleged affairs and misconduct. Although he acknowledged he was stepping down as the CEO and Chairman of the WWE on the time, his retirement removes him from his place as the pinnacle of inventive, too. 

“I’m extraordinarily assured within the continued success of WWE, and I go away our firm within the succesful arms of a unprecedented group of Superstars, staff, and executives – particularly, each Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the bulk shareholder, I’ll proceed to help WWE in any approach I can. My private due to our neighborhood and enterprise companions, shareholders, and Board of Administrators for his or her steering and help by the years. Then. Now. Endlessly. Collectively,” the assertion mentioned.

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Supply: HotNewHipHop

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