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Matt Adams

WWE owner Vince McMahon announces his retirement amid a sex scandal investigation

Vince McMahon WWE Stephanie McMahon Nick Khan

World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring in 2009 during the WWE Monday Night Raw show in Las Vegas. (Ethan Miller/Getty Images)

Vince McMahon, chief executive officer and chairman of World Wrestling Entertainment announced his retirement on Friday at the age of 77. In a tweet posted in the late afternoon McMahon stated that "At 77, time for me to retire." He then thanked the WWE universe.

The announcement comes a month after McMahon stepped down from his duties amid allegations that the CEO paid up to $12 million in hush money to former employees.

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