Home basketball Shaq forced to resell all his shares of a league team!

Shaq forced to resell all his shares of a league team!

by archysport

It is sometimes forgotten, 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 resell 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 one of the owners in Sacramento! The Hall of Famer bought shares in 2013, at the time highlighting the avant-garde side of the California franchise.

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 area. The Big Diesel must therefore resell its shares to Sac-Town! He took the opportunity to write a long message on social networks, to the address of the franchise and its supporters:

Shaq is no longer part owner of the Kings

Following a new business venture, 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 excellent partnership. I loved owning such a forward thinking organization and hope to return someday.

End of course therefore for the former pivot in the capital of California, which is now turning to a new sector linked to the world of the orange ball. An accomplished businessman, he has everything to make a fortune there! Especially since he will not simply be a headliner for the WynnBET site, with which he signed a deal. On the contrary, he should also realize personal projects there, as the site explains. Sportscasting :

Shaquille O’Neal has made a deal with WynnBET to become the brand ambassador of the gambling app. He will give advice on strategy and will mainly participate in WynnBET advertising campaigns. O’Neal will also be creating original content. WynnBET wanted to add a prominent sports personality to their campaigns to improve their profile.

It’s over between Sac-Town and Shaquille O’Neal, who is now embarking on sports betting. Considering the Kings’ chronic galleys, not sure if he will bet on them in the near future … except for the first draft pick, maybe.

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