Shaq: Newark to NBA owner

BY REBECCA SHEEHAN
NEWJERSEYNEWSROOM.COM

 

Shaquille O’Neal, who has been a jack of all trades since retiring from the National Basketball Association, has added another item to his well established resume – a “minority owner” with the Sacramento Kings.

"What interested me in this deal is the new vision, the new Kings, the new everything," O'Neal, who during his career feasted on the Kings averaging 28.6 points, 12.7 rebounds, 3.1 assists and 2.1 blocks per game in 26-regular season  games, said to Yahoo.com"I've always wanted to be part of something like this … It's going to be great." [...]

Sam Amick of USA TODAY Sports first reported the news as Sacramento announced Monday that the 41-year-old O’Neal the new Vivek Ranadive-led ownership group.

"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," Ranadive, the former Golden State Warriors minority owner who heads the group that bought the team for a league-record valuation of $535 million, told USA TODAY Sports."The most iconic

person on the planet was Dr. O'Neal.”

According to Yahoo Sports, he follows in the footsteps of fellow former players like Magic Johnson, who owned a piece of the Lakers before switching sports to join a group purchasing the Los Angeles Dodgers; Michael Jordan, who owned part of the Washington Wizards before buying a controlling interest in the Charlotte Bobcats; and Jason Kidd, who will reportedly purchas hip-hop star Jay Z's stake in the Brooklyn Nets team he'll coach this coming season.

O'Neal, a four-time NBA champion, grew up in Newark, and now co-owns and operates the CityPlex 12 Theater near downtown. O'Neal, along with Newark Mayor Cory Booker formally opened the renovated, expanded theater back in September of 2012, which includes an auditorium with a 47-foot-wide screen.

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