After Shaquille O’Neal invested $155 million on NRG Esports. Picture Courtesy: NRG

After Shaquille O’Neal invested $155 million on NRG Esports. Picture Courtesy: NRG 

Shaquille O’Neal invested $155 million in NRG Esports

Newsroom Aug 2, 2022

After seeing 30,000 kids involved in a League of Legends Season 3 World Championship, Shaquille O’Neal decided to invest in Sacramento Kings co-owners “NRG Esports”.

Overview:

  • Shaquille O’Neal invested in $155 million NRG Esports after seeing 30,000 kids get involved in a League of Legends.
  • Even after his retirement, the former Lakers legend finds ways to be connected to sports. One of the unique ways how Shaq manages to do so is by investing in an esports team.

On the basketball floor, Shaquille O'Neal was a menace. Even after retiring, the former Lakers great maintains contact with the game. Shaq does this in an unusual manner by investing in an Esports team. O'Neal invested in the successful NRG Esports squad in 2016, after it was founded in 2015 by Sacramento Kings co-owners Mark Mastrov and Andy Miller.

NRG official Shaquille O’Neal. Picture Courtesy: NRG

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Shaq was asked to describe the occasion that inspired him to make the investment years later. Recalled the Hall-of-Famer. He was in California, spending time with their kids when they told him, there was an event at the Staples Centre. Children want him to take them there.

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So, he knows some individuals at the Staples Center. He dialled their number. "Hey, you guys have an event planned," he remarked. "Yeah, there's this new thing called Esport, blah blah blah, come on, because he's never heard of it," they remarked.

So when he arrives, it seems to be a basketball game. There are 30,000 screaming children. And then, while he was watching these two kids play on the TV, he was thinking, what is this? And my children replied, that dad, this is the future of Esports.

He investigated it. Then, when the chance to invest in an Esports team presented itself, he felt it was the proper thing to do. Because, as we all know, particularly when it comes to technology, children have the last say.

Esports is one of the fastest growing industries and attracts so many people -Neal

Shaquille O’Neal NRG Esports is the fastest growing industry. Picture Courtesy: NRG

NRG Esports' valuation has soared since Shaq's engagement. When asked which one he thought will be the future, the 7-foot superstar explained.

He knew it then, and he knows it now: Esports is still one of the fastest growing sectors, and it draws a lot of people O'Neal said. It's all about involvement in conventional sports, O'Neal added. It's all about the audience, all about the joy, all about the excitement, it's all about the same thing. As a result, all sports may now be played at the same time. But the youngsters are already participating in Esports.

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He continually gets these firms saying, that they are going to pay you $ 900,000 in cryptocurrency just to post a tweet. So he was forced to ask, OK, if he were going to give a million dollars in bitcoin, O'Neal said.

They need his assistance because after he publishes the tweet and people visit their website, it will earn you $ 5.6-7 billion. But how does he know that this is the real deal? One time, a handful of my friends fell victim to a similar fraud.

"When they're done playing, 72 per cent of all pro players have nothing," O'Neal stated. He doesn't want to become a statistic. So now when he has it, he has to cherish it because he wants to begin building generational wealth for his family.

After some conventional sports companies began investing in Esports organisations, Esports have recently been the talk of the town. Several football clubs, like Paris Saint-Germain and Barcelona, have already established Esports squads that compete in various international events.

You can also download the Tournafest app from Google Play or App Store to play Esports Tournaments & Scrims games like BGMI, Free Fire MAX, Call of Duty, CS: GO, Valorant, Pokemon Unite & win exciting rewards! You may also organize Tournaments & fetch unmatched perks.

Until next time,

#liveitforgaming

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Manish Gupta

I’m a creative thinker. I think it’s important to approach tasks and issues from different angles, rather than doing what has always been done. By having an open mind and taking a different approach.