Hulk Hogan apologized for the racist comments he made years ago regarding his daughter Brooke dating black men.

Hogan released an exclusive statement to PEOPLE saying that he is disappointed with himself for using offensive language.

"Eight years ago I used offensive language during a conversation. It was unacceptable for me to have used that offensive language; there is no excuse for it; and I apologize for having done it," Hogan said in a statement.

Hogan's apology comes after the National Enquirer leaked an audio transcript on Friday in which the wrestler makes offensive comments while talking about his daughter's love life.

"I mean, I'd rather if she was going to f--- some n------, I'd rather have her marry an 8-foot-tall n----- worth a hundred million dollars! Like a basketball player!" the body builder said. "I guess we're all a little racist. F----- n-----."

Transcripts of the racist conversation had been filed in a Florida court eight years ago under a seal to prevent it from ever being released. According to PEOPLE, WWE fired Hogan after the transcript's release.

"WWE terminated its contract with Terry Bollea (aka Hulk Hogan). WWE is committed to embracing and celebrating individuals from all backgrounds as demonstrated by the diversity of our employees, performers and fans worldwide," the organization wrote in a statement.

After apologizing about his racist comments, the ex-wrestler re-tweeted a post about President Barack Obama using the "N-word", according to The Daily Beast.

"Bi-racial President Obama uses N-word, is applauded and keeps his job. @HulkHogan uses N-word, is vilified and loses his job," Hogan re-tweeted to 1.35 million followers.

Hogan was referring to Obama's use of the word during a discussion about racism in America on the "WTF with Marc Maron" podcast.

"Racism, we are not cured of it. And it's not just a matter of it not being polite to say n----- in public," Obama said at the time. "That's not the measure of whether racism still exists or not. It's not just a matter of overt discrimination. Societies don't, overnight, completely erase everything that happened 200 to 300 years prior."