Vince McMahon spoke Monday about WWE’s merger with the UFC just hours after WrestleMania 39 came to a close, netting a $21.6 million gate over the two-day event.

But when pro wrestling fans tuned in to see what McMahon had to say about the deal, many were surprised to see McMahon sporting a new look. The CEO of the new company sported a mustache and slicked-back brown hair.

It was announced on Monday that Endeavor had signed an agreement with WWE to form a new publicly traded company that will house the UFC and WWE under one roof. (WWE via AP)

The mustachioed McMahon is not something wrestling fans have seen before.

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Appearing on CNBC, McMahon said it was the right time to make a deal and sell to Endeavor Group Holdings, the parent company of the UFC. Several companies are rumored to be in talks with WWE about acquiring the business, most notably the Saudi Arabian Public Investment Fund.

«The time is right to do the right thing. And it’s the next evolution of WWE,» he said.

McMahon added: «It makes all the sense in the world for all these synergies that we have to extract as much value as we can from the market.»

The 77-year-old man came under fire last summer over allegations of sexual misconduct. WWE later said that he found some unrecorded expenses tied to McMahon. According to the Wall Street Journal in January, he also settled with a former referee who accused him of rape.

McMahon also addressed the controversy.

VINCE MCMAHON ADDRESSES WWE SALE, MISCONDUCT ALLEGATIONS

  WWE owner Vince McMahon celebrates during WrestleMania at AT&T Stadium.

WWE owner Vince McMahon celebrates during WrestleMania at AT&T Stadium. (Joe Camporeale-USA TODAY Sports)

«I’ve made mistakes, obviously, personally and professionally throughout my 50-year career,» he said. via Fightful. «I recognized every single one of them and then moved on. I’m not sure about the legacy stuff. I’m not going to write it down. I don’t know. I mean, as someone who had a blast, had a great passion for what they did and ended the deal biggest (Endeavor CEO Ari Emmanuel’s) ever made in his lifetime.»

«This is a unique opportunity to create a pure global live sports and entertainment game built for the direction of the industry,» Emanuel said in a press release. «This is a unique opportunity to create a pure global live sports and entertainment game built for where the industry is going.»

Added McMahon: «Together, we will be a $21 billion live sports and entertainment powerhouse with a collective fan base of over a billion people and an exciting growth opportunity. The new company will be well positioned to maximize value.» of our combined media rights, enhance sponsorship monetization, develop new forms of content, and pursue other strategic M&A to further strengthen our strong stable brand I, along with WWE’s current management team, look forward to working closely collaboration with Ari and the teams at Endeavor and the UFC to take business to the next level.»

April 3, 2022;  Arlington, Texas, USA;  WWE owner Vince McMahon enters the arena during WrestleMania at AT&T Stadium.

April 3, 2022; Arlington, Texas, USA; WWE owner Vince McMahon enters the arena during WrestleMania at AT&T Stadium. (Joe Camporeale-USA TODAY Sports)

Emanuel will become the company’s new CEO and will continue in his role as CEO of Endeavor. McMahon, who bought WWE from his father in 1982, will serve as executive chairman of the board. Mark Shapiro will serve as COO of the new company and of Endeavour. Nick Khan will serve as WWE Chairman and Dana White will continue as UFC Chairman.

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McMahon, who retired last year amid a sexual misconduct scandal, returned to the company in January with the intention of selling it. McMahon was later elected CEO. His daughter, Stephanie McMahon, took over with Khan as co-CEO when McMahon retired. Stephanie McMahon has since stepped down as President and Co-CEO.