Professional wrestler CM Punk Jerry Lai-USA TODAY Sports

CM Punk has had a tumultuous AEW stint over the last two years. With AEW’s latest announcement, it appears the wrestler and organization are now going their separate ways.

AEW has made the decision to terminate Punk’s contract “with cause, effective immediately.” Their official X account posted the statement, which included a message from president Tony Khan.

Khan took full ownership of the move to terminate CM Punk’s contract, stating that it was “ultimately [his] decision, and [his] alone.”

“I am making the decision in the best interests of the many amazing people who make AEW possible every week,” explained Khan.

Punk’s termination is the culmination of AEW’s investigation of a backstage incident during the All In pay-per-view held in London last Sunday. Punk reportedly got into an altercation with fellow wrestler Jack Perry behind the curtain and allegedly threatened to quit on the spot, even confronting Khan off-screen during the event.

The All In PPV broke multiple attendance records and was considered a massive success for the company. The Punk-Perry altercation was seen as a blemish on what appeared to be a night of monumental success — something Khan seemingly could no longer ignore.

Punk ended a seven-year hiatus from wrestling when he debuted with AEW in August 2021. While he helped grow the promotion’s audience, his tenure has been riddled with controversy ever since.

More must-reads:

TODAY'S BEST
Pacers ride historic shooting performance to Game 7 blowout of Knicks
Watch: Aaron Judge blasts 13th home run in Yankees' seventh straight win
Knicks' Jalen Brunson suffers serious injury in Game 7 vs. Pacers
Phil Foden lifts Manchester City to fourth consecutive English Premier League title
Dodgers add recently acquired left-hander to active roster
Report: 2023 No. 7 pick expected to terminate KHL contract, join Flyers
Mavericks advance to Western Conference Finals aided by controversial call late
Connor McDavid, Oilers hammer Canucks to force Game 7
Tyson Fury-Oleksandr Usyk epic increases excitement for potential rematch
Seize the Grey wins in muddy Preakness
Even Mike Budenholzer admits the Suns need a point guard
Watch: Juan Soto's first multi-homer game as a Yankee
Xander Schauffele, Collin Morikawa lead at PGA Championship
Knicks could get major boost for Game 7 showdown with Pacers
Giants All-Star pitcher suffers setback in recovery from injury
Panthers star named winner of 2024 Selke Trophy
WNBA to investigate $100,000 sponsorship deals for Aces players
Tiger Woods blames one big factor for missing the cut at PGA Championship
'Ain't good enough': Draymond Green claims Celtics must 'win it all' or it's a 'failure'
Blue Jays GM wants struggling club to feel 'massive sense of urgency'