Former Los Angeles Lakers star Shaquille O’Neal finalizes sale of Sacramento Kings shares
Former Los Angeles Lakers star Shaquille O’Neal announced he has sold his stake in the Kings.
O’Neal made the announcement on Twitter while the Kings were playing the Lakers on Wednesday night at Golden 1 Center in Sacramento. O’Neal thanked Kings owner Vivek Ranadive and the team’s fans for their eight-year partnership.
“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.
“I was fortunate to have Arctos help me with this transaction. I’m sure they will be a great partner for Vivek, the Kings and the NBA going forward. Till we meet again …”
O’Neal became a minority owner of the Kings in September 2013. In August, O’Neal announced he was selling his share of the Kings to become a brand ambassador for the WynnBET sports gambling app.
This story was originally published January 12, 2022 at 8:56 PM.
