We sometimes forget, but Shaquille O’Neal had been co-owner of a league franchise for almost a decade. However, this era is now over … The NBA forced him to sell his shares, because he will soon integrate a new business.
When you know how strong the rivalry was between Lakers and Kings in the early 2000s, it’s quite ironic to think that Shaquille O’Neal is so invested in them. In fact, the Big Diesel is even among the owners in Sacramento! The Hall of Famer bought shares in 2013, highlighting the avant-garde side of the California franchise at the time.
However, this collaboration will end in the coming days, a decision forced by the NBA. Indeed, O’Neal wishes to invest in the world of sports betting, and the league prohibits its teams from being closely or remotely associated with this field. The Big Diesel must therefore resell its shares to Sac-Town! He took the opportunity to write a long message on social networks, addressed to the franchise and its supporters:
Shaq is no longer part owner of the Kings
— SHAQ.ETH (@SHAQ) January 13, 2022
Following a new business project, I was forced by NBA rules to sell my shares in the Sacramento Kings. I want to thank the fans, Vivek Ranadive and the entire Kings organization for our great partnership. I loved owning such a forward-thinking organization and hope to return one day.
End of course therefore for the former pivot in the capital of California, who is now turning to a new sector linked to the world of the orange ball. Accomplished businessman, he has everything to make a fortune! Especially since he will not simply be a headliner for the WynnBET site, with which he has signed a deal. On the contrary, he should also realize personal projects there, as the site explains. sports casting :
Shaquille O’Neal has struck a deal with WynnBET to become the gambling app’s brand ambassador. He will advise on strategy and will mainly participate in WynnBET’s advertising campaigns. O’Neal will also create original content. WynnBET wanted to add a prominent sports personality to their campaigns to boost their profile.
It’s over between Sac-Town and Shaquille O’Neal, who is now embarking on sports betting. Given the chronic galleys of the Kings, not sure that he is betting on them in the near future… except for the first draft pick, maybe.