What percentage ownership of the Sacramento Kings does Shaquille O’Neal (Shaq) have?
Shaquille O’Neal is widely regarded as one of the best players to ever have stepped foot on a basketball court, as well as one of the best centers ever. While on the court, Shaq was known for combining his size, speed and strength to be known as one of the most dominant physical specimens in the NBA of all time, off the court, Shaq is known for plenty of different things.
Off the court, Shaq is known for his affinity towards DJing, his sense of humour and his entrepreneurship – Shaq’s collaboration with multiple brands since hanging up his boots in 2011 has meant that he is one of the richest basketball players of all time. Shaq’s list of ventures have added to his net worth of $400 million besides the earnings from his celebrated basketball career.
While fans often ask about the different businesses he owns, many fans also ask if Shaq has ownership in the NBA’s Sacramento Kings. As it turns out, O’Neal became a minority owner of the Kings in September 2013 with 2-4% of the franchise worth $1.9billion, but sold them in August last year upon becoming a brand ambassador for sports gambling company WynnBET.
“As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings,” O’Neal said. “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.”
Does Shaq own any other basketball teams?
As it turns out, Shaq does not own any other basketball team.
While Shaq’s eight-year stint as a partial owner of the Sacramento Kings was his only venture into basketball team ownership, he is indeed the general manager of Kings Guard Gaming in the NBA 2K League – an esports league joint venture between the NBA and Take-Two Interactive.
However, it may not be too long until we see Shaq take up a stake in another NBA franchise.