CHIKARA founder and pro wrestling veteran Mike Quackenbush has officially announced the end of his CHIKARA promotion. He has also stepped down as the head trainer of the WrestleFactory school.

As noted earlier, CHIKARA was set to shut down after several allegations against the promotion in the current "#SpeakingOut" movement, which we noted before at this link. Quackenbush confirmed the end of the promotion tonight and issued a statement on the accusations. His statement is as follows:

"I have been made aware of recent allegations about myself, and people in my employ.

I take all allegations seriously - whether they are about me, or members of my team.

Addressing these with openness and transparency is of the utmost importance to me. So these matters can be given the proper time and attention, I am discontinuing CHIKARA and resigning as head trainer at the Wrestle Factory.

I'll make a full statement on these matters in the near future."

The above statement from Quackenbush was also re-tweeted by the official CHIKARA Twitter account.

Quackenbush launched CHIKARA back in 2002.

Stay tuned for the second statement from Quackenbush. You can see the full tweet from earlier below: