Vince McMahon's new look creates stir on social media

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Vince McMahon on Monday opened up about the WWE merger with UFC just hours after WrestleMania 39 came to a close, generating a gate $21.6 million over the two-day event.

But as pro wrestling fans tuned in to see what McMahon had to say about the deal, many were surprised to see McMahon sport a new look. The executive chairman of the new company sported slicked-back brown hair and a mustache.

It was announced Monday that Endeavor had signed an agreement with WWE to form a new, publicly listed company that will house UFC and WWE under one roof.  (WWE via AP)

The mustachioed McMahon isn’t something wrestling fans have seen before.

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Appearing on CNBC, McMahon said it was the right time to make a deal and sell to Endeavor Group Holdings — the parent company of UFC. Several companies have been rumored to be in talks with WWE about acquiring the business — most notably Saudi Arabia’s Public Investment Fund.

"It's the right time to do the right thing. And it's the next evolution of WWE," he said.

McMahon added: "It makes all the sense in the world for all these synergies that we have to extract all of the value that we can out of the marketplace."

The 77-year-old came under fire last summer of sexual misconduct allegations. WWE later said it found some unrecorded expenses tied to McMahon. According to the Wall Street Journal in January, he also settled with a former referee who accused him of rape.

McMahon addressed the controversy as well.

VINCE MCMAHON ADDRESSES WWE SALE, MISCONDUCT ALLEGATIONS

 WWE owner Vince McMahon celebrates during WrestleMania at AT&T Stadium. (Joe