Tag: minority ownership

Shaquille O’Neal Acquires Minority Ownership Stake in Sacramento Kings

NBA basketball player Shaquille O'Neal speaks onstage at the 27th Annual Great Sports Legends Dinner to benefit the Buoniconti Fund to Cure Paralysis at The Waldorf=Astoria on September 24, 2012 in New York City. (Photo by Theo Wargo/Getty Images for The Buoniconti Fund To Cure Paralysis)
NBA basketball player Shaquille O’Neal speaks onstage at the 27th Annual Great Sports Legends Dinner on September 24, 2012 in New York City. (Photo by Theo Wargo/Getty Images for The Buoniconti Fund To Cure Paralysis)

Shaquille O’Neal is joining the ownership group of the Sacramento Kings.  The Kings announced Monday that O’Neal has acquired a minority stake in the team under new owner Vivek Ranadive. The Kings will introduce the four-time NBA champion at a news conference Tuesday in Sacramento.

O’Neal tormented the Kings during the height of his career with the Los Angeles Lakers, and handed Sacramento its biggest blow by rallying the Lakers from a 3-2 deficit to win the 2002 Western Conference finals.  O’Neal retired after the 2010-11 season and has worked as an analyst for TNT the last two seasons.

article by Antonio Gonzalez, AP via thegrio.com

Penny Hardaway Agrees To Join Group Of Minority Owners for NBA’s Grizzlies

Basketball player Anfernee ‘Penny’ Hardaway attends the New York Knicks and New York Rangers party for the March issue of Gotham Magazine on February 18, 2004 at the Kreiss showroom, in New York City. (Photo by Evan Agostini/Getty Images)

NASHVILLE, Tenn. (AP) — NFL quarterback Peyton Manning and his wife, Ashley, and former NBA player Penny Hardaway have agreed to join the group of minority owners for the Memphis Grizzlies, said a person familiar with the deal.

The Mannings and Hardaway join a minority group that includes singer and actor Justin Timberlake and a couple Memphis businessmen, the person told The Associated Press Thursday on condition of anonymity because prospective buyer Robert J. Pera’s purchase of the Grizzlies is pending approval by the NBA. Continue reading “Penny Hardaway Agrees To Join Group Of Minority Owners for NBA’s Grizzlies”