WWE has come to terms on the release of Vince McMahon, the CEO and chairman of the company, according to WWE.com.

After several high-profile releases, including Bray Wyatt and Braun Strowman, WWE has also released Vince McMahon from his contract, in what is believed to be a cost-cutting measure.

Despite the company turning record profits in the last fiscal year, WWE has cut several key pieces of talent recently. It’s thought that WWE could be cutting costs to facilitate a sale of the company in the near future.

However, the release of Vince McMahon is clearly the most shocking as he is the CEO, chairman and major shareholder of the company.

“It’s just business. I don’t take it personally,” Mr McMahon told us. “I’ve always said that anything can happen in WWE and this proves it.”

While, at 75, some expect Vince McMahon to retire, there are already rumblings that AEW – WWE’s biggest rival – could offer him a huge contract to sign for them.

“With his knowledge of the business, it would be a huge get for AEW. I can already imagine him as the new leader of the Dark Order,” said one excited wrestling fan.

WWE has, of course, wished Vince McMahon the best in his future endeavours.