BALL'S IN HIS COURT: Basketball legend forced to sells stake in team as he pursues new path
TJM Institutional managing director Chris Robinson and Sarge986 president Stephen Guilfoyle reveal the biggest risks to the market on 'The Claman Countdown.'On Wednesday, O’Neal tweeted out that he is pursuing a new business endeavor and league rules state that he needed to sell his interest in the NBA franchise.
Shaquille O'Neal walks on the grid before the F1 Grand Prix of USA at Circuit of The Americas on Oct. 24, 2021 in Austin, Texas. "As a result of a new business endeavor, I was required by NBA rules to sell my interest in the Sacramento Kings," O’Neal wrote. "I want to thank the fans, the city of Sacramento, Vivek Ranadive and the entire Kings organization for our great partnership."CLICK HERE TO GET THE FOX NEWS APP
O’Neal continued: "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."