The ongoing feud between Donald Trump and FOX News has reached a new climax, the Presidential hopeful announced on Tuesday that he will not be participating in the upcoming GOP debate.

That debate is set to take place on FOX and will be broadcast live out of Iowa on Thursday. Trump has been threatening to boycott the debate for the few days, one of Trump’s arguments is that FOX should pull Megyn Kelly as debate moderator, stating that she was not impartial.

FOX refused to pull Kelly from her position, causing Trump and Kelly to take jabs at each other on social-media or on the air. Now Trump has had enough and issued this statement on why he will not be attending the event.

“As someone who wrote one of the best-selling business books of all time, The Art of the Deal, who has built an incredible company, including some of the most valuable and iconic assets in the world, and as someone who has a personal net worth of many billions of dollars, Mr. Trump knows a bad deal when he sees one. FOX News is making tens of millions of dollars on debates, and setting ratings records (the highest in history), where as in previous years they were low-rated afterthoughts.

Unlike the very stupid, highly incompetent people running our country into the ground, Mr. Trump knows when to walk away. Roger Ailes and FOX News think they can toy with him, but Mr. Trump doesn’t play games. There have already been six debates, and according to all online debate polls including Drudge, Slate, Time Magazine, and many others, Mr. Trump has won all of them, in particular the last one. Whereas he has always been a job creator and not a debater, he nevertheless truly enjoys the debating process – and it has been very good for him, both in polls and popularity.

He will not be participating in the FOX News debate and will instead host an event in Iowa to raise money for the Veterans and Wounded Warriors, who have been treated so horribly by our all talk, no action politicians. Like running for office as an extremely successful person, this takes guts and it is the kind mentality our country needs in order to Make America Great Again.”