(Warning: This story contains allegations of sexual misconduct.)
Long-time WWE chairman and CEO Vince McMahon is retiring from the company. McMahon, 77, and the company released statements announcing the retirement Friday.
McMahon kept the announcement short on Twitter, merely saying it was "time for me to retire."
In a statement released by the company, McMahon called it a privilege to entertain the fans for so many years. He thanked his family and "all of our past and present Superstars and employees." McMahon said the company was in good hands, specifically mentioning his daughter, Stephanie McMahon, and Nick Khan, both of who hold the title of Co-CEO.