NBA: Shaq Becomes Sacramento Kings Minority Owner

Shaquille O'Neal became a minority owner of the Sacramento Kings.

Sep 23 2013, 6:36pm CDT | by

NBA: Shaq Becomes Sacramento Kings Minority Owner
Photo Credit: Getty Images

Shaquille O'Neal is now a minority owner of the Sacramento Kings. 

This was confirmed by Jason Jones of the Sacramento Bee on September 23. He will be formally introduced as a member of the ownership group on Tuesday, joining retired Sacramento Kings legend Mitch Richmond

O'Neal, who was a centerpiece of the Los Angeles Lakers teams in the early 2000s which tormented the Kings, was involved right away. He met with Kings players and coaches before planning to have dinner with young Sacramento center DeMarcus Cousins, per USA Today Sports' Sam Amick. 

He told Amick why he was interested in joining the Kings. 

"What interested me in this deal is the new vision, the new Kings, the new everything. I've always wanted to be part of something like this...It's going to be great." 

O'Neal was introduced to Kings majority owner Vivek Ranadive by 24-Hour Fitness founder Mark Mastrov, who is part of Ranadive's ownership group. O'Neal used to work out regularly at Matrov's Los Angeles gym when he was a member of the Lakers. 

Shaq was inspired by the idea of a 24-hour gym, so he joined forces with Mastrov in building more 24-Hour Fitness gyms in Miami when he joined the Heat in 2004. Now, O'Neal and Mastrov are reuinted in Sacramento.

Ranadive spoke about why O'Neal, who has a doctorate degree in education from Barry University in Miami, was a good fit as Kings minority owner. 

"I wanted to find somebody to add to the ownership group who truly represented 21st century basketball, who represented my vision of NBA 3.0, which is having an understanding of technology, wanting to build a global brand and being global in their thinking, and really being committed to having an impact in the community. 

"The most iconic person on the planet is Dr. O'Neal. So Mark Mastrov is good friends with Dr. O'Neal, and Dr. O'Neal and I spent a day at my house shooting hoops, hanging out with my kids, and just talking about how to create the franchise of the 21st century."

The 41-year-old O'Neal is a 15-time NBA All-Star who retired in 2011. He has been a basketball analyst for TNT for the past two years.  

 
 
 


Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

blog comments powered by Disqus

Latest stories

Kony Ealy Accepts He Can't Go to Super Bowl, Ready For Next Season
Kony Ealy Accepts He Can't Go to Super Bowl, Ready For Next Season
Kony Ealy Accepts He Can't Go to Super Bowl, Ready For Next Season
 
 
WR Jamison Crowder Exhibits Great Potential at Senior Bowl
WR Jamison Crowder Exhibits Great Potential at Senior Bowl
WR Jamison Crowder Exhibits Great Potential at Senior Bowl
 
 
Le'Veon Bell to Miss Pro Bowl Game Due to Knee Injury
Le'Veon Bell to Miss Pro Bowl Game Due to Knee Injury
Le'Veon Bell to Miss Pro Bowl Game Due to Knee Injury
 
 
John Fox Confirmed as Head Coach For Chicago Bears After Being Fired By Broncos
John Fox Confirmed as Head Coach For Chicago Bears After Being Fired By Broncos
John Fox Confirmed as Head Coach For Chicago Bears After Being Fired By Broncos
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla