Vince McMahon Announces Retirement From WWE

Vince McMahon

Legendary wrestling promoter Vince McMahon has announced his retirement from WWE at the age of 77.

WWE have released an official statement confirming that Vince McMahon has stepped away from the company in his capacity as both Chairman and CEO.

In the statement, Vince McMahon also acknowledged that is leaving the company in the capable hands of Stephanie McMahon and Nick Khan.

The full statement from McMahon can be found below:

As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE. 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 past and present Superstars and employees for their dedication and passion 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, currently like, and sometimes even love our form of Sports Entertainment.

Our global audience can take comfort in knowing WWE will continue to entertain you with the same fervor, dedication, and passion as always. I am extremely confident in the continued success of WWE, and I leave our company in the capable hands of an extraordinary group of Superstars, employees, and executives – in particular, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan. As the majority shareholder, I will continue to support WWE in any way I can. My personal thanks to our community and business partners, shareholders, and Board of Directors for their guidance and support through the years. Then. Now. Forever. Together.

Vince McMahon has also sent out a Tweet along the same lines, keeping it much simpler for social media.

Vince McMahon has been embroiled in controversy surrounding investigations in to his conduct, which have involved paying “hush money” to former employees.

The announcement also comes on the same day as Triple H was appointed Executive Vice President of Talent Relations.