Shaquille O’Neal joining Kings ownership group Shaquille O’Neal joining Kings ownership group Associated Press file photo -- Shaquille O'Neal, who announced his retirement from the NBA in June 2011, is joining the ownership group of the Sacramento Kings. ANTONIO GONZALEZ| AP Sports Writer Sept. 24, 2013 Comments Shaquille O’Neal is joining the ownership group of the Sacramento Kings. The Kings announced Monday that O’Neal has acquired a minority stake in the team under new owner Vivek Ranadive. The Kings will introduce the four-time NBA champion at a news conference Tuesday in Sacramento. O’Neal, who played at LSU from 1989 to 1992, tormented the Kings during the height of his career with the Los Angeles Lakers, even dubbing the franchise the “Sacramento Queens.” He also handed Sacramento its biggest blow by rallying the Lakers from a 3-2 deficit to win the 2002 Western Conference finals. O’Neal retired after the 2010-11 season and has worked as an analyst for TNT the last two seasons.