[UPDATED] World Wrestling Entertainment, Inc. has cut ties with the professional wrestler Hulk Hogan, reportedly due to sealed transcripts quoted by the National Enquirer on Friday morning in which Hogan (real name: Terry Bollea) refers to black people as “fucking A group of lovely people” and admits that “I am a racist, to a point.” Update, 9:45 a.m.: The Enquirer has published excerpts of transcripts submitted to a Florida court overseeing Hulk Hogan’s $100 million lawsuit against Gawker Media. In the transcripts, reportedly transcribed from a sex tape depicting Hogan having sex with the wife of shock job Bubba the Love Sponge Clem, Hogan reportedly discusses his daughter Brooke Bollea’s business and personal relationships with a “black billionaire,” who apparently offered to fund his daughter’s burgeoning music career, and the billionaire’s son. Some excerpts: “I don’t know if Brooke was f*cking the black guy’s son,” Hulk raved, the sources add. “I mean, I don’t have double standards. I mean, I am a racist, to a point, f*cking n*ggers. But then when it comes to nice people and sh*t, and whatever.” ... According to sources, he said: “I mean, I’d rather if she was going to f*ck some n*gger, I’d rather have her marry an 8-foot-tall n*gger worth a hundred million dollars! Like a basketball player! “I guess we’re all a little racist. Fucking n*gger.” It is not precisely clear how the Enquirer obtained the transcripts, which are currently under seal in Pinellas County, Florida. According to the tabloid, “an extensive news probe uncovered five independent sources who provided the dramatic contents of the tape to this publication.” Update, 10:15 a.m. WWE has terminated its relationship with Hogan: “WWE terminated its contract with Terry Bollea (aka Hulk Hogan),” the organization told Us Weekly in a statement on Friday. “WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide.” The announcement comes less than a day after the WWE began erasing references to Hogan from its website. Per Wrestling News Source (as highlighted by The Daily Beast’s Marlow Stern): On WWE.com, Hogan is no longer listed on the WWE Hall of Fame page, and all of his merchandise has also been removed from WWEShop.com. The only thing currently remaining that mentions Hogan involves WWE’s upcoming Australian tour, which Hogan was scheduled to take part in as General Manager. However, when any attempt to access this page is made, a message appears stating “you are not authorized to access this page.” The Daily Beast speculated that the removal is tied to a 3-year-old audio clip from a radio show where Hogan discussed being referred to, and referring to others, as “niggas” and “A group of lovely people.” Perthe gossip website MediaTakeOut, however, the erasure appears to be tied to the audio tape referenced by the Enquirer. Hogan is suing Gawker Media for $100 million in Pinellas County, Florida for publishingexcerpts of a video tape depicting him having sex with the wife of his ex-best-friend, the Tampa-area radio shock jock Bubba the Love Sponge Clem.