WWE’s Vince McMahon to step down amid misconduct probe

FILE–WWE Chairman and CEO Vince McMahon speaks at a information convention asserting the WWE Network on the 2014 International CES on the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada. Ethan Miller/Getty Images/AFP 

Vince McMahon is stepping again from his roles as chairman and CEO of World Wrestling Entertainment because the group investigates a report that he agreed to pay hush cash to a former worker over an alleged affair, the corporate introduced Friday.

“Special Committee of the Board is conducting an investigation into alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinaitis, head of talent relations, and that, effective immediately, McMahon has voluntarily stepped back from his responsibilities as CEO and Chairman of the Board until the conclusion of the investigation,” the WWE stated in a launch.

“(McMahon) will retain his role and responsibilities related to WWE’s creative content during this period and remains committed to cooperating with the review underway.”

McMahon has owned the corporate, which beforehand was generally known as the World Wrestling Federation, since 1982.

The 76-year-old is scheduled to look on “SmackDown” on Friday night time.

“I have pledged my complete cooperation to the investigation by the special committee, and I will do everything possible to support the investigation,” McMahon stated within the launch. “I have also pledged to accept the findings and outcome of the investigation, whatever they are.”

McMahon’s daughter, Stephanie, confirmed on Twitter that she is going to function interim CEO and chairwoman. She beforehand served as the corporate’s chief model officer earlier than taking a go away of absence final month.

“Until the conclusion of the investigation into recent allegations, I am honored to assume the role of interim Chairwoman & CEO,” she wrote.

The Wall Street Journal reported Wednesday that Vince McMahon — who’s married — agreed to a $3 million settlement with a former feminine worker, with whom he allegedly had an affair. The worker was employed as a paralegal in 2019.

Per the newspaper, an investigation into the report led to uncovering different nondisclosed agreements involving misconduct claims from former workers towards McMahon and Laurinaitis.

WWE stated in its launch that no additional remark was anticipated till the investigation concludes.

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