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WWE’s McMahon says he is retiring amid misconduct probe

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World Wrestling Entertainment impresario Vince McMahon says he is retiring amid an investigation into alleged misconduct involving the flamboyant showman who turned a small wrestling company into a worldwide entertainment business. In a brief statement issued by the company Friday, McMahon said he is retiring as WWE’s chairman and CEO. He noted that he remains its majority shareholder. McMahon stepped down temporarily as CEO and chairman of WWE in mid-June during an an investigation into alleged misconduct. Earlier this month, the Wall Street Journal reported McMahon agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity.

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Philadelphia 76ers look to build new $1.3 billion arena

The Philadelphia 76ers are taking the first steps toward building a privately-funded sports and entertainment arena. The team’s managing partners on Thursday announced the creation of a new development company to create its future home in the city’s Fashion District. They say 76 Place is anticipated to cost about $1.3 billion. Josh Harris and David Blitzer say in a news release they’re committed to creating “a privately funded arena that […]

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