Shaquille O’Neal reveals he turned down $40 million offer from Reebok after a woman cursed him out for charging kids too much for sneakers. O’Neal tried to give her $2,000, but she slapped it out of his hand and began yelling at him: ‘Why don’t you motherf***ers make a shoe that’s affordable?’
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Why did Shaq turn down Reebok deal?
On the program he recalled a moment when he was confronted by a woman who scolded him for selling his signature Rebook shoes at a price that many of his younger fans could not afford. “That day, I cut ties with Reebok,” he said of forgoing a $40 million deal he had with the brand following a moment of clarity.
Is Shaq still sponsored by Reebok?
Reebok is reviving its relationship with Shaquille O’Neal, who had been one of the brand’s early ambassadors. The brand was purchased by Authentic Brands Group, which has partnered with the athlete for several years, earlier this year for 2.1 billion euros.
Did Shaq turn down Nike?
In a recent interview, O’Neal revealed why he rejected the lucrative deal from Nike, “When I got drafted, they gave me the opportunity to have my own shoe — Reebok. Nike was interested, but they didn’t want me to have my own shoe.”
Why did Shaq choose Reebok?
But privately, Shaq always knew he was going to sign with the former. The prospect that swayed him, O’Neal says, was that of having his own unique signature shoe: “When I got to college, we had a deal with LA Gear. When I got drafted, they gave me the opportunity to have my own shoe – Reebok.
Does Shaq own Elvis?
Due to his extensive investment in ABG, Shaq owns a percentage of Elvis’ royalties. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney’s New York.
Does Shaq own part of Reebok?
O’Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok.
Is Shaq a billionaire?
The “NBA on TNT” analyst thanked Durant for the compliment and clarified that he is not, in fact, a billionaire. Indeed, Shaq is not a billionaire.
Do Shaq owns JCPenney?
O’Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok.
Who owns Reebok now?
Reebok was absorbed by Authentic Brands Group, an American holding company whose wide portfolio of over 50 brands also includes Aéropostale, Nautica, and Volcom. Adidas announced in August 2021 that it would sell Reebok to ABG for $2.5 billion; the acquisition was finalized Tuesday.
How much money did Shaq make off his shoe brand?
The lesser-known US$40 million / AU$54 million sneaker deal between Shaq and Reebok, however, (or more appropriately its cancellation) deserves just as much attention for an entirely different reason.
How much did Shaq make from Walmart?
So Shaq went to Walmart at 3 a.m., dropping $70,000 on five TVs, printers, laptops, appliances, linens, and even underwear. Problem is, when he hit the checkout, his card was declined — and then declined again. “Now I’m saying, I know I’m not broke,” he says in the clip.
Why did Shaq make the cheapest shoes?
Because of the way he dominated in the NBA, Shaq became a fan favorite, and thus became a lucrative figure for brands to endorse. As is the trend, Shaq received a massive shoe deal but wanted to make more affordable shoes. He explained this desire during his appearance on Complex’s Sneaker Shopping.
What companies does Shaq own?
He has owned and sold 155 Five Guys Burgers restaurants — which totaled 10% of the company’s entire franchise portfolio. He also owns 17 Auntie Anne’s Pretzels restaurants and nine Papa John’s franchise units.
How much did Shaq buy Reebok for?
O’Neal’s own history with Reebok began in 1992, when he signed a multiyear year deal with the brand worth $15 million. Through this partnership, he launched a series of sneakers, including the popular Reebok Shaq Attaq.
Does Nike own Shaq shoes?
The line of shoes from Shaq’s Dunkman brand resembled similar looks to shoes from Nike and Jordan. However, O’Neal revealed that Nike actually owned the brand at one point and that’s why the looks were similar, not because of his personal interests.
How many brands does Shaq own?
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.
How many Papa John’s does Shaq own?
nine Papa John’s restaurants
O’Neal also owns 17 Auntie Anne’s Pretzels restaurants and has invested in nine Papa John’s restaurants.
Does Shaq own Papa John’s?
He has owned and sold 155 Five Guys Burgers restaurants — which totaled 10% of the company’s entire franchise portfolio. He also owns 17 Auntie Anne’s Pretzels restaurants and nine Papa John’s franchise units.
Does Shaq own Forever 21 now?
Shaquille O’Neal just revealed he owns Forever 21, Elvis Presley, and much more. “I make investments, not for the monetary reasons, but… if it’s going to change people’s lives — and if I see people enjoy doing it.”
Did Shaq buy Adidas?
That desire is closer to becoming a reality now that Authentic Brands Group (ABG), which owns the rights to O’Neal’s endorsement and merchandising deals, made a deal. The $2.5 million to acquire the Reebok brand from adidas, which bought it in 2006, is set to close early in 2022.