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Asharq Al-Awsat

Entertainment

Asharq Al-Awsat

WWE's McMahon Says He Is Retiring amid Misconduct Probe

WWE Vince McMahon Entertainment World Wrestling Entertainment

In this file photo taken on March 14, 2008 WWE Chairman Vince McMahon attends a ceremony honoring him with a star on the Hollywood Walk of Fame at Hollywood and Highland in Hollywood, California. (Getty Images/AFP)

World Wrestling Entertainment impresario Vince McMahon announced Friday he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business.

In a brief statement issued by WWE, McMahon said he is retiring as the company's chairman and CEO. He noted that he remains its majority shareholder.

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