WWE owner Vince McMahon has announced a shock retirement from WWE. The former CEO of the company issued the surprising statement on social media on Friday, July 22nd.
A full press release was then issued on the WWE Corporate page. The address states McMahon’s gratitude to the current and former employees of WWE along with the fans for all of their support over the lengthy time that he has been in charge of the organisation:
“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 is one of the most recognisable names in wrestling and one of the longest serving, being an owner and head of creative since the 1980’s. McMahon would eventually personify the iconic Mr. McMahon character, with his rivalry with “Stone Cold” Steve Austin being recognised as one of the most memorable and game changing feuds in all of wrestling.
McMahon would hit the headlines in June 2022, as it was reported by the Wall St. Journal that he was being investigated by the WWE Board.
The shock announcement is the second of the day, as Triple H was earlier named the head of talent relations.
featured image: NBC