Hall of Famer Shaquille O'Neal announced Wednesday that he was selling his minor stake in the Sacramento Kings due to a “new business endeavor.”
O’Neal thanked Kings’ owner Vivek Ranadivé and the entire organization for the eight-year partnership and stated that he hoped to be back someday. O’Neal also called the Kings a “forward-thinking organization.”
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.