Millionaire Mogul and Owner of 200 Stores, Shaquille O’Neal Had One Big Condition on $2.43 Billion Company to Make History with Them

NBA Legend Shaquille O’Neal is an ambassador of the $2.43 Billion worth company, Papa John’s. Shaq has a net worth of over $450 million and owns more than 200 stores. However, he had one condition before he joined the company to make history with them.

Back in 2019, Shaq joined Papa John as a member of the board of directors. And he also invested in nine outlets in Atlanta. But when he joined Papa John’s, the company was in a tight spot. Their founder and the public face of the company, John Schnatter had surrounded himself in a bunch of controversies, which posed several PR problems for the company.

He reportedly used the N-word in a conference call and he detailed horrific incidents of the past of what African Americans had to go through. And this stirred up massive controversy, which ultimately forced him to resign.

Shaquille O’Neal said he joined the company under one condition

Shaq was recently on the Drink Champs podcast where he talked about a lot of stories, including Stevie Wonder, Kobe Bryant and his investments. He also talked about his involvement with Papa John’s. Shaq has been an ambassador since 2019 and he recently signed a three-year extension as well.

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He recalls how he got involved in the first place. Shaq said,” I’m on the board. So when the Papa John’s whole fiasco went down. They called me, and I said I’ll be involved if old boy is not involved. So they made me the first African American member on the board. We got some females on the board. We’re doing well now.”

“I’m just the first and only African American member on the board,” he added.

Shaquille O’Neal wanted to make sure the founder got punished, and he did not want to be associated with a brand whose leader was so controversial. So Shaq only signed with them when the founder resigned. And he made history by being the only African-American member on the company’s board.

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Today, Shaq’s deal with Papa John has been incredibly profitable for him. He has earned several millions with them and he has thousands of shares as well. The company even launched a pizza named after Shaq.

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