On Saturday, September 2, just a day away from its All Out pay-per-view in Chicago, the hometown of CM Punk, the promotion announced it had parted ways with the superstar.

Punk had been involved in an incident last weekend in London, England, at the All In pay-view-view, with Jack Perry.

The press release:

All Elite Wrestling (AEW) has terminated the wrestler and employment agreements between Phillip Brooks (CM Punk) and AEW with cause, effective immediately. The termination was confirmed today by Tony Khan, CEO, General Manager and Head of Creative of AEW.

The termination follows a weeklong internal investigation of an incident occurring back stage at AEW — All In London on Sunday, August 27. Following the investigation, the AEW Discipline Committee met and later convened with outside legal counsel before making a unanimous recommendation to Khan that CM Punk be terminated with cause.

Khan offered the following statement:

“Phil played an important role within AEW and I thank him for his contributions. The termination of his AEW contracts with cause is ultimately my decision, and mine alone. Of course, I wish I didn’t have to share this news, which may come as a disappointment to many of our fans. Nevertheless, I am making the decision in the best interests of the many amazing people who make AEW possible every week — our talent, staff, venue operators and many others whose efforts are unsung but essential to bringing our fans great shows on television and at arenas and stadiums throughout the world.”

Punk had just received the top award in the pro wrestling industry on Wednesday night, the Iron Mike Mazurki Award, at the Cauliflower Alley Club banquet in Las Vegas. In his long speech, Punk referenced many parts of his career, but at no point did he mention AEW, its owner Tony Khan, or any of the wrestlers who currently work there.

TOP PHOTO: CM Punk at the debut of AEW Collision.