Shaq to sell NBA Franchise ownership stakes to become brand ambassador of Wynnbet

NEWS: Shaq has been named a brand ambassador for @WynnBET and will be the face of advertising campaigns across TV, digital, and print.

To comply with NBA rules, Shaq will have to sell his minority stake in the Sacramento Kings.

He's up ~250% since he acquired the stake in 2013. pic.twitter.com/vu9t2TLS44
— Joe Pompliano (@JoePompliano) August 9, 2021

Shaq became a part-owner of the Sacramento Kings in 2013. The valuation of the team then, was worth $534 millions. It is now worth $1.8 billion.

Shaq will now sell his ownership stake with the Kings, because Shaq is partnering up with WynnBet to become a brand ambassador and part of the requirements involve his ownership stake being sold.

Shaq will become the face of Wynnbet. This should help raise their name and popularity. Though Shaq is losing his stakes with the Kings, this deal should become lucrative as betting is getting more and more popular in the U.S.

Watch this video to know more about Wynnbet:

https://www.youtube.com/watch?v=o-OPvNLyhMI

Shaq to sell NBA Franchise ownership stakes to become brand ambassador of Wynnbet

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