Shaq Officially Out As Sacramento Kings’ Minority Owner

SACRAMENTO (CBS13) — Shaquille O-Neal, pro-basketball hall-of-famer and 1 of the top players successful the past of the game, announced Wednesday that helium was retired arsenic a number proprietor of the Sacramento Kings aft astir a decennary with the enactment owed to a caller concern venture.

“As a effect of a caller concern endeavor, I was required by NBA rules to merchantability my involvement successful the Sacramento Kings. I privation to convey the fans, the metropolis of Sacramento, Vivek Ranadive and the full Kings enactment for retired large partnership,” Shaq said successful a connection posted to Twitter.

Shaq announces helium is retired arsenic a number proprietor of Sacramento Kings. He made a large PR splash erstwhile helium joined the squad backmost successful 2013 arsenic Sac fought to forestall the squad from moving to Seattle. Always wondered however overmuch helium really invested? https://t.co/hmzVMLXR8t

— stevelarge (@largesteven) January 13, 2022

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Shaq made a large splash erstwhile helium joined the enactment backmost successful 2013 arsenic the metropolis fought to support the squad from moving to Seattle. He came successful looking to mentor then-Kings large antheral DeMarcus Cousins and crook the squad into a globally recognized marque alongside squad proprietor Ranadive.

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For a large portion of his vocation arsenic a player, Shaq was a cardinal portion for the rival Los Angeles Lakers and the battles connected the tribunal betwixt Sacramento and L.A. successful the early-aughts.

Wednesday’s announcement comes arsenic the Kings look the Lakers for their last regular-season matchup during the 2021-22 season. Sacramento presently sits successful 12th spot successful the Western Conference with a 16-27 record.

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“I loved being an proprietor of specified a guardant reasoning enactment and I anticipation to beryllium backmost someday. I was fortunate capable to person Arctos assistance maine with this transaction. I’m definite they volition beryllium a large spouse for Vivek, the Kings and the NBA going forward,” Shaq’s tweet read. “Til we conscionable again.”

CBS13 Staff