Shaquille O'Neal Wants to Buy 'Whatever' NBA Team Is 'Available'.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall; Basak, Sonali 3 of 3

Abstract

Shaquille O'Neal expressed his desire to buy an NBA team and get involved in Formula 1 during an interview at a conference in Miami Beach. O'Neal, who was previously a minority investor in the Sacramento Kings, wants to be a majority owner in an NBA franchise. He mentioned that ex-NBA players have become significant investors in sports, citing Michael Jordan and LeBron James as examples. O'Neal also expressed interest in investing in F1, despite not being able to fit in the cars. The valuations of NBA teams have been increasing, with the Golden State Warriors potentially being valued at $7 billion. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/01, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:175134815
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