Vince McMahon retires as WWE chairman, CEO following misconduct allegations

AMERICA: Vince McMahon, promoter and founder of World Wrestling Entertainment (WWE), has announced his retirement as CEO of pro wrestling. 

Amid high-profile inquiry against him in sexual misconduct allegations case, the former WWE boss hang up his boots. 

"As I approach 77 years old, I feel it's time for me to retire as chairman and CEO of WWE," McMahon said in a statement released by the WWE.

"Throughout the years, it has been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you," his statement added. 

Last month, McMahon stepped down from his post following all the buzz about sexual misconduct allegations on him. Moreover, The Wall Street Journal also alleged McMahon of paying more than $12 million to four women formerly associated with WWE over the past 16 years to keep quiet about affairs and alleged misconduct, including a former female wrestler who claims he coerced her into oral sex.

McMahon's daughter Stephanie acted as interim CEO of WWE but now taken charge as chairwoman whereas Nick Khan will be taking over as co-CEO.

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