Vince McMahon announces retirement from WWE amid scandal

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Vince McMahon, who recently stepped down as CEO of WWE after a barrage of misconduct allegations, has announced his retirement from WWE. 

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"As I approach 77 years old, I feel it’s time for me to retire as Chairman and CEO of WWE," McMahon said in a statement.

"Throughout the years, it’s been a privilege to help WWE bring you joy, inspire you, thrill you, surprise you, and always entertain you. I would like to thank my family for mightily contributing to our success, and I would also like to thank all of our past and present Superstars and employees for their dedication and passion for our brand. Most importantly, I would like to thank our fans for allowing us into your homes every week and being your choice of entertainment."

This is a breaking news story. Check back for updates. 

Joe Morgan is a Sports Reporter for Fox News.