Vince McMahon is stepping down as WWE chairman and CEO, signalling a major shift in pro wrestling

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The most important person in professional wrestling history is handing over the reins

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Vince McMahon announced his retirement as World Wrestling Entertainment chairman and CEO on Friday.

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McMahon, 76, also announced that his daughter, Stephanie, and current WWE president Nick Khan will take over as co-CEOs

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retirement marks a significant shift in the world of professional wrestling

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Since purchasing WWE from his father in the 1980s, he has been a fixture.

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A promotion that endured decades of competition, McMahon turned WWE into a billion-dollar business with global appeal

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I am extremely optimistic about WWE's future success, and I leave our company in the capable hands of an extraordinary group of Superstars

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Late in the 1990s, McMahon, who also worked in front of the camera as a play-by-play announcer for years.

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McMahon was found not guilty by a jury.

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