Shaq is set to sell his Kings minority stake / News - Basketnews.com

Credit: AFP-Scanpix Credit AFP-Scanpix

The NBA Hall-of-Famer Shaquille O'Neal could be on his way out of the Sacramento Kings office, according to Joe Pompliano of Readhuddleup.com and James Ham of NBC Sports.

Shaquille O'Neal

Position:CAge:49Height:216 cmWeight:147 kgBirth place:United States of AmericaProfileNewsStatistics

In 2013 Shaq became a part of Kings ownership group.“I always had dreams of being an NBA owner, especially when I saw Magic Johnson accomplish it, Michael Jordan accomplish it,” O’Neal said in a press conference at that time. “I knew, hopefully, it would happen one day. I just had to wait for the right moment.”

Though, the NBA legend was not an active part of club leadership.

According to sources, Shaq could be among minority stakeholders who are selling their shares to the investment company - Dyal Capital. The Kings organization cannot comment on which minority stakeholders are included in this deal because of the continuing process.

The Kings franchise was taken over from the Maloof family - owners of numerous business properties in the United States. In 2013 the deal was reportedly worth$534 million.

Sacramento Kings are now valued at $1.9 billion.

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