Baltimore Sun

WWE’s McMahon retiring amid probe


World Wrestling Entertainm­ent impresario Vince McMahon announced Friday he is retiring amid an investigat­ion into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainm­ent business. In a brief statement issued by WWE, McMahon said he is retiring as the company’s chairman and CEO. He noted that he remains its majority shareholde­r. McMahon stepped down temporaril­y as CEO and chairman of WWE in mid-June during an investigat­ion into alleged misconduct. Earlier this month, the Wall Street Journal reported McMahon agreed to pay more than $12 million over the past 16 years to suppress allegation­s of sexual misconduct and infidelity. “At 77, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together. #WWE #thankful,” he wrote on Twitter. There was no mention of the investigat­ion. McMahon said his daughter, Stephanie, who was named interim CEO and chairperso­n last month, will serve as chairperso­n and share CEO duties with Nick Khan, who joined the company in 2020.

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