Vince Mcmahon Temporarily Steps down from WWE Amid Scrutiny of Alleged Hush-Money Payment

The CEO of the world’s most popular wrestling franchise is temporarily stepping down days after it was revealed the organization was investigating allegations of hush money being spent to cover up an affair.

WWE CEO Vince McMahon will be stepping down from his role effective immediately, and his daughter Stephanie will step in as interim CEO, the World Wrestling Entertainment’s board of directors announced Friday, just days after reports emerged that the WWE was investigating a $3 million settlement he allegedly paid a female former employee with whom he had an affair.

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” Vince McMahon said in a press statement.