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Vince McMahon officially retires from WWE amid investigation [1]

['Devin Nealy']

Date: 2022-07-23  

Although it was inevitable, given the recent controversy surrounding him, Vince McMahon has officially retired from the WWE. McMahon, who has served as the owner and key creative force behind WWE since 1982, found himself in the crosshairs of a corporate investigation following a slew of sexual misconduct allegations. As it stands, McMahon paid north of $12 Million dollars in hush money to four different women over the last decade. After the Wall Street Journal broke the story, McMahon vowed to cooperate with a further investigation by WWE's board of directors and step down from his position as CEO while still retaining his creative control over WWE's content.

McMahon's retirement sent shockwaves through both the professional wrestling and television worlds. Scandals and copious misdeeds aside, McMahon is arguably the most successful and influential promoter of all time. McMahon pioneered cable television rights fees in the 80s and developed the pay-per-view model. Following his retirement, WWE announced that McMahon would relinquish his position as CEO to his daughter Stephanie McMahon and Nick Khan.

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