Shaquille ONeal outlines plan to purchas

Comments · 60 Views

Shaquille ONeal outlines plan to purchas

While No. 1 overall pick Paolo Banchero stands to have an impact on the court for the Magic this season, one of the franchise's former top picks has a plan to make become an executive and make his presence felt.Hall of Famer Shaquille O'Neal, who was selected first overall by the Magic in 1992, is looking to get back involved with the franchise he helped lead to the NBA Finals in 1995.MORE:It's no secret that Shaq is a savvy busine sman. After his playing career, Shaq has owned40 24-Hour Fitne s gyms and 150 car washes, as well as155 Five Guys Burgers restaurants.He also owns 17 Auntie Annes Pretzels restaurants and nine Papa Johns franchise units, according to During the latest episode of "The Big Podcast with Shaq," he expre sed a desire to parlay that into ownership of the very franchise that drafted him. "Listen, we still run Jeremiah Attaochu Jersey that franchise," O'Neal said. "And if they want to sell it to us DeVos family we're ready to go right now."By "we" O'Neal was referring to himself and Dennis Scott, who was the featured guest on the podcast episode. O'Neal and Scott were teammates with Marqui Christian Jersey the Magic from 1992 to 1996.MORE:Shaq added that "we got the money, you ain't got to worry about that.But this me sage goes out to the DeVos family: If you're ready to sell Orlando Magic, sell it to somebody who's gonna take it to the next level, that's us.Orlando Magic legends, and , are ready to purchase the franchise Be Magic Or Be Gone! (@BeORLMagic) Though O'Neal left the franchise as a free agent in 1996, he maintains a presence in Orlando, Fla., and even attended a Magic game this past season.Shaq is in the building Orlando Magic (@OrlandoMagic) O'Neal specifically addre ses the DeVos family, who, through RDV Sports, Inc. own the Orlando franchise. The corporation's namesake, Rich DeVos, pa sed away in 2018, but RDV Sports is now led by chairman Dan DeVos, Richard's son.Rich DeVos purchased the Magic in 1991 for $85 million and was the franchise's owner when they drafted O'Neal the next year.MORE:The DeVos family fortune comes from Rich DeVos being a co-founder of Amway. In addition to the Magic playing home games at the Amway Center, they play on Rich and Helen DeVos court.The family is reportedly worth over $5 billion and has not expre sed a desire to sell the franchise. O'Neal's quickne s to mention that money wouldn't be an i sue with the purchase was in reference to the type of ownership group he feels he would be able to a semble in order to purchase the team. lists the Magic as one of the league's least valuable franchises, they're still reportedly worth $1.64 billion. , Dakota Dozier Jersey O'Neal is estimated to have a net worth of $400 million, which wouldn't equate to an outright purchase of the team. O'Neal and his savvine s in busine s places him in rooms that would allow him to quickly a semble an ownership group that could purchase a sports franchise like the Magic.NBA ownership wouldn't be a new avenue for O'Neal, who purchased a minority stake in the Sacramento Kings prior to the 2013-14 season before selling his stake in January of 2022.. All love SHAQ.SOL (@SHAQ) If the DeVos family does explore selling the Magic, they can count on having one bidder in the group that O'Neal would form. While both LeBron James and Kevin Durant have expre sed a desire to own NBA franchises in the future, a few former athletes have laid the blueprint for them to follow.Michael Jordan, HornetsAfter purchasing a minority stake in 2006, Jordan became the majority owner of the Charlotte franchise in 2010. He is the first former NBA player to become Xavier Crawford Jersey the majority owner of an NBA team.Alex Rodriguez, TimberwolvesRodriguez, along with entrepreneur Marc Lore, agreed to purchase the Timberwolves and Lynx from Glen Taylor in April of 2021.In July of 2021, the NBA approved the first increment of the sale, which is a 20 percent share of the franchise. Lore and Rodriguez purchased an additional 20 percent share in 2022 and can become controlling owners after purchasing another share in 2023. Minnesota Timberwolves (@Timberwolves) Grant Hill, HawksIn 2015, an reached an agreement to purchase the Hawks for $850 million.Dwyane Wade, JazzIn April 2021, Wade purchased a minority stake in the Jazz, "goes way beyond the dream I had to just play basketball in the NBA," citing examples of O'Neal, Jordan and Hill as motivation.Breaking: Dwyane Wade has purchased an ownership stake in the Utah Jazz, joining majority owner and governor Ryan Smith with plans to take an active role in the franchise and region, reports: SportsCenter (@SportsCenter) David Robinson, SpursAfter retiring from the franchise in 2003, Tarik Cohen Jersey Robinson purchased a 1.88 percent stake in the Spurs in 2004. , Robinson is still among a group of owners holding a minority stake.
Read more
Comments