Shane McMahon Leaving WWE

Shane McMahon announced this morning that he has tendered his resignation as WWE's Executive Vice President, Global Media.

In a statement posted on the WWE website he said it was "with great sadness that I announce my resignation from the WWE, effective January 1, 2010." He said he never considered a future outside of WWE but, "sometimes life takes an unexpected turn and while it is the most difficult decision I have ever made, it is time for me to move on." He gave thanks to Vince McMahon, all the WWE talent, and staff, and said he was proud to be 4th generation in the business. He also thanked the fans: "I am profoundly grateful to have been able to entertain you both in front of the camera and from behind the scenes. You are the greatest fans in the world. I will always love this business and will remain a fan forever."

In a statement posted on the corporate website Vince McMahon said: "Even though I am personally saddened by Shane’s decision to leave the company, I am proud of the enormous contributions he has made. He will unquestionably bring passion, commitment and extensive business experience to any endeavor he pursues."

Shane, 39, has worked for WWE and been around the business most of his life. He graduated from Boston University with degree in Communications in 1993, and began working on WWE’s television production as a runner all the way up to executive level and becoming a multi-millionaire in his own right.

He also wrestled on and off over the years holding the now-defunct Hardcore and European titles after the McMahon family took an on-screen role following the Montreal Screwjob in 1997.

This news came as a complete shock to several WWE people we communicated with this morning. Some speculated that Shane may be interested in promoting MMA, which is something he has talked about for years, and one knew his resignation was coming but didn't know what he plans to do next.

Credit: WRESTLING GLOBE NEWSLETTER

Editorial Comment: There are those who think this is a work. They say Shane is going to promote mixed martial arts, and will eventually lead a new MMA division of WWE. Frankly, I don't see that happening.