All results
After all of the speculation, Shaquille O’Neal has officially sold his minority ownership stake of the Sacramento Kings. The basketball legend-turned-investor made the announcement on his Twitter page. . @SacramentoKings @Vivek All love…✌🏿👑 #Shaqramento pic.twitter.com/QJ3gtDcwUO — SHAQ (@SHAQ) January 13, 2022 “As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings. I want to thank the fans, the city of Sacramento, Vivek Ranadive and the entire Kings organization for our great partnership. I loved being an owner of such a forward-thinking organization and I hope to be back someday,” O’Neal shared in a statement via Twitter. “I was fortunate to have Arctos help me with this transaction. I’m sure they will be a great partner for Vivek, the Kings, and the NBA going forward. Till we meet again…” According to Sports Illustrated, Shaquille O’Neal purchased a share of the Kings back in 2013. However, it’s unclear how much the sale of...
Shaquille O’Neal may be giving up his NBA team ownership now, but he’s gaining something else in return with his new endorsement deal. According to Clutch Points, the former Los Angeles Lakers player has inked a new deal to become a brand ambassador for premier mobile sports betting app WynnBET that will make him the new face of the brand. As part of his new exclusive partnership, O’Neal is required to sell his minority stake in the Sacramento Kings — which equals out to roughly 2-4% of an NBA team that’s now valued at $1.9 billion (What’s interesting is that the team was reportedly valued at $534 million at the time he became partial owner). However, the idea of this new partnership is to help bolster WynnBET’s profile with the support of a major sports figure. NEWS: Shaq has been named a brand ambassador for @WynnBET and will be the face of advertising campaigns across TV, digital, and print. To comply with NBA rules, Shaq will have to sell his minority stake in the Sacramento...