Who are the minority owners of the Sacramento Kings?

The Sacramento Kings announced Friday owner Vivek Ranadivé and Arctos Sports Partners bought out the shares of minority owners Mark Friedman, Brad Jenkins, Mark Mastrov, Andy Miller and Kevin Nagle. Those minority owners helped Ranadivé take ownership of the Kings from the Maloof brothers in 2013.

Do the Maloofs own the Sacramento Kings?

The Maloofs were the owners of the Sacramento Kings of the National Basketball Association (NBA) from 1998 until 2013 and are minority owners of the Vegas Golden Knights of the National Hockey League (NHL). Notable family members include George J. Maloof Sr., Adrienne Maloof, and George J. Maloof Jr.

Who bought the Sacramento Kings?

Ranadivé bought the Kings at a valuation of $534 million in 2013, a then-record for a basketball team. The Kings are now worth $2.06 billion, according to the latest valuation by Sportico.

How much of the Sacramento Kings Does Shaq own?

O’Neal initially joined the ownership group all the way back in 2013, purchasing a less than 5% stake in the team. Aside from his initial purchase back in 2013, it’s hard to recall O’Neal ever setting foot in Sacramento or being around key members of the Kings organization.

Is Shaq part owner of Sacramento Kings?

Shaquille O’Neal officially sells his stake in Sacramento Kings, walks away from ‘our great partnership’ Shaquille O’Neal, who became a partial owner of the Sacramento Kings in 2013, announced on social media Wednesday that he has officially sold his interest in the NBA club.

How much of the Kings does Vivek own?

On 16 May 2013, it was announced that the group reached an agreement with the Maloof family to purchase 65% of the Kings for approximately $348 million.

Is Shaq still a minority owner of the Kings?

What does Shaq O’Neal owns?

He is the joint owner of 155 Five Guys Burgers restaurants, 17 Auntie Annie’s Pretzels restaurants, 150 car washes, 40 24-hour fitness centers, a shopping center, a movie theater, and several Las Vegas nightclubs.