Vince McMahon, 77, retires from WWE amid sexual misconduct allegations, thanks fans in brief message

Vince McMahon, the boss of WWE, has shocked the wrestling world by saying that he is leaving the company.

In June 2022, a lot of people said that the WWE was looking into sexual misconduct claims against McMahon. It was also found out that Vince paid a $3 million settlement to a female employee with whom he allegedly had an affair.

Since the early 1980s, when he took over from his father, Vince McMahon Sr., McMahon had been the CEO and chairman of WWE. Stephanie McMahon, the daughter of the former owner, will now run the company with Nick Khan, who is also a co-CEO. After her dad announced his retirement, Stephanie went to a WWE Smackdown event on Friday, July 22. There, she thanked fans for their support as people chanted “Thank you, Vince.”

McMahon also said goodbye to his fans on Twitter with the message, “At 77, I’m ready to stop working. WWE Universe, thank you. Then. Now. Forever. Together.”

Controversy over Vince’s “Sexual Misconduct”

According to a report in the Wall Street Journal, McMahon and the woman who worked for him and was hired as a paralegal in 2019 have an agreement that says the woman can’t talk about her relationship with McMahon or say bad things about him. People who talked to the 41-year-old former employee while she worked at WWE said she had fallen on hard times before she started working there and said she needed extra money. Even Vince’s TV character, McMahon, has been playing a womanizer for a long time. McMahon’s tricks included spending a lot of time with the younger female talent and getting close to them.

The Wall Street Journal also says that over the last 16 years, McMahon has spent $12 million to hide accusations of “sexual misconduct and infidelity.” It is said that these payments were made to four women who used to work for the company. It is said that $7.5 million of the $12 million went to a former WWE female wrestler who said the WWE boss forced her to have oral sex, then demoted her and didn’t renew her contract in 2005 when she refused to have more sexual encounters with him.

McMahon hadn’t said anything directly about the claims, but he had promised to help with the investigation. In a statement released in June, he said, “I love this company, and I’m committed to working with the Independent Directors to strengthen our culture and our company. It’s very important to me that we have a safe, collaborative workplace.” “I have promised to do everything in my power to help the Special Committee finish its work. This includes getting the whole company to help finish the investigation and put the committee’s findings into action.”

In 1999, World Wrestling Entertainment, also known as WWE, became a public company. The World Wrestling Federation was its old name. Since the 1990s, WWE’s top two shows, Raw and SmackDown, have ruled cable TV. McMahon’s retirement will leave a big hole in the company’s history, and it will be hard to fill. In recent years, some of the industry’s biggest stars have left for Hollywood or retired, making it hard for the company to keep fans as interested as before.

Leave a Comment

error: Content is protected !!