Image Source: Vince McMahon (WWE)
The shocking news was received from the world of WWE on Saturday. WWE Chairman Vince McMahon has announced that he is now retiring. 77-year-old Vince McMahon was the chairman and CEO of WWE, who played a big role in making this wrestling famous. Vince McMahon has announced his retirement by issuing a statement. The announcement of retirement was made at a time when allegations were made against him a few days back.
Vince McMahon said in his statement that I have turned 77 and now is the time to retire as CEO and chairman of WWE. It was a wonderful journey for me for so many years, where we took WWE to a new level. I want to thank my family, fans, and all my colleagues.
Vince McMahon said that the fans gave WWE a place in their house, and took time out for us every week which is a big deal. Our global audience liked us a lot, our superstars were lit in many countries. Which was a great achievement.
Now the question in everyones mind is who will become the chairman of WWE after the retirement of Vince McMahon. The first name comes from Stephanie McMahon, daughter of Vince McMahon, who is currently the Executive Chairman and has been looking after WWE for a long time.
Let us tell you that Vince McMohan announced his retirement when an investigation was started against him a few days ago. The Wall Street Journal claimed in one of its reports that Vince McMahon had spent nearly $12 million over the past 16 years only to press charges of sexual abuse against him.