He cried to his sex partner when he thought nobody was listening about how his daughter's dating a black person, and he's not comfortable with that, but he can't say or do anything about it because he knows those feelings are wrong and he also knows that he has no say in who his daughter likes.
The WWE fired him for racism, and being fired gave Hogan the ability to wreck Gawker.
He'll probably just buy another Dodge Viper so his son can wrap it around a tree and paralyze his next best friend, and have money left over for the hospital bills.