Hogan, real name Terry Bollea, is one of the most famous wrestlers in the company's history, but WWE chiefs announced on Friday (24Jul15) that they have sacked the star.

The statement reads: "WWE terminated its contract with Terry Bollea (aka Hulk Hogan), WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide."

It comes ahead of a legal case by Hogan against media company Gawker which has allegedly uncovered audio footage of Hogan using a racist word several times.

Hogan hinted at the scandal on Thursday (23Jul15) by posting a message on Twitter.com stating, "In the storm I release control, God and his Universe will sail me where he wants me to be, one love."

Hogan is suing Gawker for allegedly releasing a sex tape without authority.