107.9FM NYJ/LA

Translate This Page

NBA World Reacts To The Shaquille O’Neal News

Posted by Chris Rosvoglou on Tuesday, January 18, 2022 Under: 848FINACE

In 2013, Shaquille O’Neal purchased a minority ownership stake in the Sacramento Kings. On Wednesday night, he had an unfortunate update on his stake in the franchise.

Due to the fact that O’Neal wants to conduct business in the sports gambling space, he must sell his stake in the Kings. He announced the news on his Twitter account.

“As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings. 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,” O’Neal tweeted on Wednesday night. “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…”

The responses to this letter from O’Neal are all over the place.

Some fans in Sacramento are upset O’Neal is giving up his stake in the Kings, while others didn’t even know he was a minority owner in the first place.

“Shaq having a stake in the kings was always so strange to me,” one fan said.

“You did nothing for us,” a Kings fan tweeted.

“I didn’t even know he still was part of the ownership group,” another fan said.

O’Neal announced his interest in WynnBet back in August, so the writing was on the wall for this move.

If anyone is interested in purchasing a minority stake in the Kings, now is the right time.

The post NBA World Reacts To The Shaquille O’Neal News appeared first on The Spun.

In : 848FINACE 

Tags: nba world reacts to the shaquille o’neal news 

    HOT 103.1 FM HOUSTON


    Here’s $30 of BTC, on us.
    Get free $30 of BTC 
     by funding your Invstr+
    with $100 or more.
    Fund account & claim $30 of BTC
    Need help? Contact us at

    Invest, spend, and earn 2.05% APY*–all through your brokerage account.
    Our goal at Robinhood is to democratize finance. This means delivering products that help you do more with your money and improve your life. Today, we're excited to introduce Cash Management, a new feature to give you more flexibility with your brokerage account.
    Flexible Spending
    Use your Robinhood debit card anywhere Mastercard® is accepted around the world.
    Earn 2.05% APY
    Your uninvested cash is moved to banks in our program that pay you 2.05% APY*. Like all variable rates, this could go up or down over time.
    FDIC Insurance
    Your cash in the program banks is eligible for up to $1.25 million of FDIC insurance, or up to $250,000 per bank, subject to FDIC rules.
    75,000+ ATMs
    Don't pay fees at any of the 75,000+ ATMs in our network.

    See the source image

    For the next two weeks, you can earn increasing levels of Stock-Back™ rewards when you shift your everyday spending to your Stash debit card.* 

    Every qualifying swipe over $5 gets you closer to leveling up your Stock-Back rewards. Levels start tomorrow and reset to zero on Monday, November 18.

    Follow Us


    Flag Counter

    Flag Counter

    Make a free website with Yola