Showing 1 results for:

WynnBET

by Topic

All results

1
Shaquille O'Neal To Sell His Minority Ownership Stake In NBA Team Worth Nearly $1.9B

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...

Njera Perkins

Aug 10, 2021