3 Years After Selling Stakes in $2,600,000,000 Worth NBA Team with Heavy Heart, Shaquille O’Neal Drops Massive Ownership Hint: “I Want to Be That…”

Published 05/13/2023, 3:26 PM EDT

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USA Today via Reuters

Shaquille O’Neal has developed himself into a bonafide businessman over the years. With several successful business ventures on his resume, Shaq is a force to be reckoned with in the business world. He has invested in everything from car washes to restaurants and has also owned a stake in an NBA franchise, now worth $2.6 billion. Although he sold his stake three years ago, admittedly with a heavy heart, the Big Diesel recently made it clear that he’s not done with buying NBA teams just yet.

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As a man with many talents and one of the most recognizable faces in the world, it is not a surprise that the Big Man has amassed a net worth of over $600 million. Despite his mammoth success, the 51-year-old is not slowing down anytime soon. As per his recent revelation, the 4x NBA champion is interested in owning a certain NBA team based in Florida.

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Shaquille O’Neal eyeing another massive ownership opportunity in the NBA

As a man whose face is everywhere across the country, it is pretty evident that Shaq doesn’t overthink his decisions. This could be one of the reasons why his brand has been so successful.

However, Shaq’s next move is going to be something way out of the ordinary. He recently expressed his intentions of owning a franchise in the world of basketball. Even though he didn’t specify what team is he going for, the 15x NBA All-Star indirectly did. As Shaq revealed his intention of owning a team from Florida, there are only two options. Both teams have their place in the Big Man’s basketball CV.

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Shaq was recently asked if he has been approached for a coaching position yet. He stated that he hasn’t been approached yet and added that he doesn’t even wish to be a coach.

Shaq said “I have an old school mentality”, which is why he believes he will not be able to coach the younger generation. Moving forward in his answer, he stated that “I’m still looking to be an owner”. “I’m interested in a certain team in Florida…I don’t know that[if it’s for sale or not], but if it is, I want to be that guy,” he continued. Shaq said that it won’t be the Miami Heat that he will go for. So that leaves us with one other option and that is the Orlando Magic.

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With just the hint for an answer, fans sure will be excited to see what the Big Man has in store. Incidentally, the Magic drafted O’Neal as the first overall pick in the 1992 NBA draft.

After Sealing the Deal in Ohio, $600,000,000 Rich Shaquille O’Neal Makes His Way Through Nevada with Massive Business Venture

Shaquille O’Neal had to part ways with the Sacramento Kings with a heavy heart

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Shaq became a partial owner of the Sacramento Kings in 2013. Back then the valuation of the franchise was around $534 million. By the time Shaq sold his stakes, the Kings were valued at $1.8 billion. With the experience he already has from his time with the Kings, Shaq’s next tenure should be easier. It is worth noting that Michael Jordan is the only Black majority owner in the NBA currently. If Shaq joins him on this list, it will be historic to say the least.

Watch This Story: Shaquille O’Neal celebrates wholesome Christmas with daughters and sons

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Written by:

Prateek Singh

918Articles

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Prateek Singh is an NBA writer for EssentiallySports, known for his insightful coverage of the league. With a deep passion for basketball fueled by the late Kobe Bryant's championship runs, Prateek has built his writing career on astute analysis and a firm understanding of the game. His transparent reporting and dedication to providing quality content have earned him credibility and respect among readers and industry professionals alike.
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Edited by:

Satagni Sikder

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