SUMMER SLAMMED: WWE CEO Vince McMahon Under Investigation for Misconduct, Will Step Back

We have it on good authority that this isn’t just a bit to drive ticket sales of their next pay-per-view event.

According to Bloomberg, WWE CEO Vince McMahon will step back from his duties while a misconduct probe is carried out, looking into a possible past relationship with a fellow employee.

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

“The move comes several days after a Wall Street Journal report, citing people familiar with the matter, described a secret $3 million payment McMahon made to a female former employee with whom he allegedly had an affair, as well as non-disclosure agreements with other employees. The investigation is also looking into similar arrangements with John Laurinaitis, a former wrestler who manages talent relations for WWE,” Bloomberg reports.

Vince’s daughter, Stephanie McMahon, wills serve as interim CEO.