Vince McMahon Retires as WWE Chief Amid Probes Into Alleged Misconduct of Pro Wrestling Boss

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Vince McMahon Retires as WWE Chief Amid Probes Into Alleged Misconduct of Pro Wrestling Boss
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World Wrestling Entertainment CEO Vince McMahon is retiring after decades of leading the company on the heels of allegations of sexual misconduct.

On Friday, McMahon announced that Stephanie and WWE President Nick Khan were taking over as co-CEOs, and that his daughter would become chairman of the company."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.

"Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment." In 2007, at WrestleMania 23 in Detroit, Trump and McMahon picked a wrestler apiece to"fight" on their behalf in what was dubbed"The Battle of the Billionaires."

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