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WWE CEO Vince McMahon retiring amid hush money scandal

McMahon announced the move on Twitter

LAS VEGAS, NV - JANUARY 08: WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES at the Encore Theater at Wynn Las Vegas on January 8, 2014 in Las Vegas, Nevada. The network will launch on February 24, 2014 as the first-ever 24/7 streaming network, offering both scheduled programs and video on demand. The USD 9.99 per month subscription will include access to all 12 live WWE pay-per-view events each year. CES, the world's largest annual consumer technology trade show, runs through January 10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Ethan Miller/Getty Images) (Ethan Miller, 2014 Getty Images)

ORLANDO, Fla. – Vince McMahon, the wrestling promoter who made the former World Wrestling Federation, now the WWE, an entertainment powerhouse, is retiring.

McMahon tweeted Friday that, at 77 years of age, it was time for him to retire.

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McMahon started as a wrestling promoter working for his father’s Worldwide Wrestling Federation, but in the 80s he took over and began expanding the WWF, leading to a boom for wrestling.

WWF became World Wrestling Entertainment in 2002 after losing a copyright lawsuit brought by the World Wildlife Fund.

More than just a promoter and executive though, McMahon was also a persona amid professional wrestling’s raucous storylines, performing with the wrestlers and other celebrities.

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McMahon stepped down in June as CEO and chairman of WWE amid an internal investigation. It was revealed that he had paid millions of dollars to four former WWE employees to cover up allegations of sexual misconduct and infidelity.

Orlando has reaped benefits from WWE’s popularity. The WWE training center is in Orlando and the company’s developmental brand, NXT, is also based out of the city. Orlando has also been the site of numerous wrestling matches and events, particularly during the pandemic.

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