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Vince McMahon retires from WWE amid sex scandal

Vince McMahon, chief executive officer and chairman of World Wrestling Entertainment announced his retirement on Friday at the age of 77. In a tweet posted in the late afternoon McMahon stated that “At 77, time for me to retire.” He then thanked the WWE universe.

The announcement comes a month after McMahon stepped down from his duties amid allegations that the CEO paid up to $12 million in hush money to former employees.

“Throughout the years it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you,” McMahon said in a corporate statement.

He went on to thank his family, the current and former superstars who have wrestled for the company, and the fans for allowing the WWE into their home every week.

McMahon is being investigated by WWE’s board of directors over allegations that he’d paid millions of dollars to various women in exchange for their silence regarding his relationships and misconduct. While the investigation was ongoing, the longtime WWE boss stepped down from his role as chairman and CEO. The company’s president Nick Khan and McMahon’s daughter Stephanie McMahon will serve as the new heads of the company.

On Twitter, some fans seemed baffled at the turn of events. “I thought Vince McMahon would die before he retired,” one user wrote.

Others celebrated the wrestling icon’s legacy and contributions to the sport. Wrestlers and fans alike reflected on how McMahon impacted their lives.

Meanwhile, some expressed relief that McMahon is leaving the role following his recent controversy.

 

McMahon’s creative duties will be taken over by Paul “Triple H” Levesque.

 

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