World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged ,

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misconduct regarding the flowery showman who grew to become a small wrestling corporation right into a global leisure enterprise.

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In a brief declaration issued by means of WWE, McMahon stated he is retiring as the enterprise's chairman and CEO. 

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He mentioned that he remains its majority shareholder. McMahon stepped down temporarily as CEO and chairman of WWE in mid-June at some point of research into alleged misconduct.

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 Earlier this month, The Wall Street Journal reported McMahon agreed to pay greater than $12 million over the last 16 years to suppress allegations of sexual misconduct and infidelity.

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 "At seventy-seven, time for me to retire. Thank you, WWE Universe. Then. Now. Forever. Together. #WWE #thankful," he wrote on Twitter. 

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There was no point out of the investigation in a statement from the corporation based in Stamford, Connecticut.

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 McMahon stated his daughter, Stephanie, who turned into named interim CEO and chairperson final month.

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