Does Shaq own the Kings?

Shaquille O'Neal officially sells his stake in Sacramento Kings, walks away from 'our great partnership' Shaquille O'Neal, who became a partial owner of the Sacramento Kings in 2013, announced on social media Wednesday that he has officially sold his interest in the NBA club.

How much of the Kings does Shaq own?

O'Neal initially joined the ownership group all the way back in 2013, purchasing a less than 5% stake in the team. Aside from his initial purchase back in 2013, it's hard to recall O'Neal ever setting foot in Sacramento or being around key members of the Kings organization.

What does Shaq O'Neal owns?

He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie's Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.

Why did Shaq sell his shares of the Kings?

Shaquille O'Neal Officially Sells Ownership Stake in Kings

O'Neal, 49, shared on Twitter that he had to sell his stake in accordance with NBA rules, as he is pursuing interest in the sports gambling space. “As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings.

Does Shaq own Burger King?

NBA legend Magic Johnson has helped low-income communities through his company, Magic Johnson Enterprises and his investments in food franchises, including TGI Fridays and Burger King.

Shaquille O'Neal joins the Sacramento Kings Ownership

Does Shaq own 5 guys?

Shaquille O'Neal Owns 155 Five Guys Restaurants, 40 Fitness Centers, And 1 Movie Theater Among Other Businesses. Shaquille O'Neal is one the most dominant players in NBA history, but also one of the smartest.

Does Shaq own Walmart?

With Shaquille O'Neal claiming to own the biggest purchase in Walmart's history, it's hard to doubt the man.

Does Shaq Own Papa Johns?

He has owned and sold 155 Five Guys Burgers restaurants — which totaled 10% of the company's entire franchise portfolio. He also owns 17 Auntie Anne's Pretzels restaurants and nine Papa John's franchise units.

Who are the minority owners of the Sacramento Kings?

The Sacramento Kings announced Friday owner Vivek Ranadivé and Arctos Sports Partners bought out the shares of minority owners Mark Friedman, Brad Jenkins, Mark Mastrov, Andy Miller and Kevin Nagle. Those minority owners helped Ranadivé take ownership of the Kings from the Maloof brothers in 2013.

Does Shaq own Elvis?

Due to his extensive investment in ABG, Shaq owns a percentage of Elvis' royalties. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney's New York.

Does Shaq own JCPenney?

O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok.

Does Shaq own the general insurance?

However, the latest company to get a “yes” from Shaq is The General auto insurance company, which currently sells insurance in 44 U.S. states.

Does Shaq own Krispy Kreme?

A longtime Krispy Kreme fan, O'Neal now owns his very own Krispy Kreme shop in Atlanta. This particular doughnut shop has the distinction of being Atlanta's original Krispy Kreme and has occupied its spot on Ponce de Leon Avenue for 60 years.

How much is the Kings worth?

In September 2021, private-equity firm Arctos Sports Partners agreed to buy a 17% stake in the Kings that placed an enterprise value of $1.84 billion on the team, including some $500 million of team and arena debt.

Why did Shaq sell Sacramento?

Shaquille O'Neal Was Forced To Sell His Share In The Sacramento Kings Due To NBA Rules: "I Loved Being An Owner Of Such A Forward Thinking Organization And I Hope To Be Back Someday."

How much of the Kings does Vivek own?

On 16 May 2013, it was announced that the group reached an agreement with the Maloof family to purchase 65% of the Kings for approximately $348 million.

Do the Maloofs still own the Kings?

SACRAMENTO, CALIF., May 31, 2013 – The Maloof family today announced that the agreement to sell the family's controlling interest in the National Basketball Association's (NBA) Sacramento Kings and ownership of Sleep Train Arena to the Sacramento investor group led by Vivek Ranadive has closed escrow and is now final.

Why did Maloof sell Kings?

From 2006 to 2013, the Sacramento Kings organization was under constant threat of the team moving. It is widely believed that the former owners of the team (the Maloof family) lost much of their fortune and no longer were able to run a National Basketball Association (NBA) franchise.

How many franchises does Shaq own?

He has owned and sold 155 Five Guys Burgers restaurants — which totaled 10% of the company's entire franchise portfolio. He also owns 17 Auntie Anne's Pretzels restaurants and nine Papa John's franchise units.

Does Shaq own ring?

A fan of Ring, a doorbell camera home security system, Shaq tracked down the inventor and bought into the business. When Amazon acquired Ring for over US$1 billion, O'Neal pocketed a tidy little profit. He also has shares in Apple and San Francisco startup Loyal3, an online stockbroking firm.

What chicken restaurant does Shaq own?

Big Chicken, the star-powered, fast casual chicken restaurant franchise founded by basketball Hall of Famer and celebrated entrepreneur Shaquille O'Neal, announced today that the brand will enter the four largest Texas markets in a BIG way.

What does Michael Jordan own?

Jordan is the principal owner and chairman of the Charlotte Hornets of the NBA and of 23XI Racing in the NASCAR Cup Series. His biography on the official NBA website states: "By acclamation, Michael Jordan is the greatest basketball player of all time."

How did Shaq spend 70000 at Walmart?

Shaq joined the Late Late Show with James Corden and hilariously recalls how he spent $70,000 overnight in Walmart. “So, 2 or 3 in the morning, I got to go get four or five TVs. I've got to go get printers, I've got to go get laptops. I've got to go get appliances, sheets, towels, underwear, T-shirts.

Who spent 70000 at Walmart?

Shortly after joining the Phoenix Suns, Shaquille O'Neal took a trip to Walmart. While it was in the early hour of the morning and his credit card was declined in the process, the big man still managed to spend $70,000 in a single shopping spree.