Vince McMahon Steps Down From WWE: ‘Time For Me To Retire’

McMahon announced his retirement at the age of 77 in a Twitter post on Friday.

Vince McMahon

Vince McMahon is no longer running things.

The longtime WWE chairman and CEO announced his retirement on a Twitter post Friday and will now be stepping down from his company.

“At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together.”

McMahon elaborated further in an official WWE statement.

“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.”

End Of The Vince McMahon Era

For many around the world, McMahon is not only synonymous with the WWE, but sports entertainment and pro wrestling as a whole.

Having taken over his father’s company in 1982, McMahon helped develop the WWE into the number one pro wrestling promotion in the world. This was essentially confirmed when he bought out major rival WCW (World Championship Wrestling) in 2001.

A number of legendary superstars and mainstream names were born under McMahon including Hulk Hogan, The Rock, The Undertaker, Stone Cold Steve Austin, Brock Lesnar and John Cena to name a few.

McMahon, himself, created the legendary Mr. McMahon character, who played a prominent role in WWE programming from the late nineties.

However, McMahon had no shortage of scandals and his retirement comes a few weeks after he was alleged to have paid millions of dollars to a number of women in exchange for silence on his various misconducts.

McMahon appeared on SmackDown and all but hinted at his retirement when news of the scandal first broke.

Stepping in will be McMahon’s daughter Stephanie McMahon and WWE president Nick Khan who will serve as co-CEOs.

WWE executive vice president for Global Talent Strategy & Development Paul Michael Levesque, or Triple H as most know him, is expected to have a larger role as well. Levesque is a former professional wrestler and the husband of Stephanie McMahon.

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