Vince McMahon, CEO and director of World Wrestling Entertainment declared his retirement on Friday at 77 years old.

At 77, time for me to retire. Thank you, WWE Universe.  Then. Now. Forever. Together. #WWE #thankful — Vince McMahon (@VinceMcMahon) July 22, 2022  he twitted

The declaration comes a month after McMahon ventured down from his obligations

in the midst of claims that the CEO settled up to $12 million in quiet cash to previous workers.

"All through the years it's been an honor to assist WWE with giving you pleasure, motivate you,

thrill you, shock you, and consistently engage you," McMahon said in a corporate proclamation.

He proceeded to thank his family, the current and previous whizzes who have 

wrestled for the organization, and the fans for permitting the WWE into their home consistently.

"Our worldwide crowd can breathe easy in light of realizing WWE will keep on engaging you with a similar enthusiasm, devotion, energy as usual," said McMahon.

"I'm very certain about the proceeded with progress of the WWE and I leave our organization in the skilled hands

of an uncommon gathering of Superstars, representatives, chiefs — specifically, both Chairwoman and Co-CEO Stephanie McMahon and Co-CEO Nick Khan.

I will keep on supporting WWE in any capacity that I would be able. My own gratitude to the local area and colleagues, investors, and the Board of Directors .

McMahon bought what was once known as the WWWF from his dad, Vince McMahon Sr., in 1982.

He changed the name to the WWF, which it was known as until 2002, and constructed a worldwide brand that has

been observed week by week in large number of homes and elements rewarding compensation per-view occasions, like Wrestlemania.