WWE cuts ties with icon Hulk Hogan after ‘racist slurs’

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>World wrestling body WWE has severed ties with Hulk Hogan&comma; one of the organisation&&num;8217&semi;s biggest stars&period;<&sol;p>&NewLine;<p>The company has deleted most references to Hogan on its website and issued a statement saying it had terminated its contract with arguably the best-known US wrestler in history&period;<&sol;p>&NewLine;<p>The WWE did not give a reason&comma; but issued a statement saying it is &OpenCurlyDoubleQuote;committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees&comma; performers and fans worldwide”&period;<&sol;p>&NewLine;<p>The move comes amid a joint report from RadarOnline&period;com and The National Enquirer that Hogan used racial slurs in a conversation caught on a sex tape he is fighting in court to keep private&period;<&sol;p>&NewLine;<p>Hogan later issued a statement in which he apologises for his words and insists the comments are &&num;8220&semi;inconsistent with his own beliefs&&num;8221&semi;&period;<&sol;p>&NewLine;<p>In a statement released exclusively to PEOPLE&period;com&comma; he said&colon; &&num;8220&semi;Eight years ago I used offensive language during a conversation&period; It was unacceptable for me to have used that offensive language&semi; there is no excuse for it&semi; and I apologise for having done it&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This is not who I am&period; I believe very strongly that every person in the world is important and should not be treated differently based on race&comma; gender&comma; orientation&comma; religious beliefs or otherwise&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I am disappointed with myself that I used language that is offensive and inconsistent with my own beliefs&period;&&num;8221&semi;<&sol;p>&NewLine;<p>He added to the publication he will use the situation to &&num;8220&semi;improve as a person&&num;8221&semi; and considers what has happened to be an &&num;8220&semi;important learning experience&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Today&comma; WWE removed all mentions of Hulk Hogan from its website&comma; pulled him from series &&num;8216&semi;Tough Enough&&num;8217&semi; and stopped selling his merchandise and issued a statement claiming they had &&num;8220&semi;terminated&&num;8221&semi; his contract&period;<&sol;p>&NewLine;<p>The statement read&colon; &&num;8220&semi;WWE terminated its contract with Terry Bollea &lpar;aka Hulk Hogan&rpar;&period; WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees&comma; performers and fans worldwide&period;&&num;8221&semi;<&sol;p>&NewLine;<p>However&comma; Hogan&&num;8217&semi;s lawyer David Houston has claimed the grappler resigned from the company out of respect for the organisation&period;<&sol;p>&NewLine;<p>Houston said&colon; &&num;8220&semi;He decided to resign from WWE because he didn&&num;8217&semi;t want to put them or his family through this&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The sex tape on which Hogan is reported to have made the comments was leaked in 2012 and is currently the subject of a &dollar;100m lawsuit brought against website Gawker &&num;8211&semi; the outlet that leaked the tape &&num;8211&semi; by Hogan for invasion of privacy and publication without public interest&period;<&sol;p>&NewLine;<p>The sex tape was made without Hogan&&num;8217&semi;s consent in 2008 and features him with Heather Clem&comma; the now ex-wife of his former friend Bubba &&num;8216&semi;The Love Sponge&&num;8217&semi; Clem&period;<&sol;p>&NewLine;<p>He settled his lawsuits with Heather and Bubba out of court but his case with Gawker is set to go to court later this year&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0e7a28b32">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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