'There Is No Excuse For It' — Hulk Hogan Releases A Statement Apologizing For His Racist Rant

At least he's owning up to it!

Hulk Hogan has released a statement about a racist rant that he made eight years ago, which was revealed this week, causing the WWE to part ways with the professional wrestling legend.

[ Related: Hulk Is Ready For Court Over His Leaked Sex Tape! ]

In the statement to reporters, Hogan -- born Terry Bollea -- said:

"Eight years ago I used offensive language during a conversation. It was unacceptable for me to have used that offensive language; there is no...

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