Shaquille O’Neal Trying to Get $1.3 Million Richer After Latest Failed Venture With Cannabis Company

Shaquille O’Neal has turned into an affluent investor after making a sum of nearly $300 million in his stint in the NBA. Owning over 155 restaurants and 40 car washes, the Big Diesel is always looking to expand his business empire. Likewise, in 2017, he partnered up with Jerome Crawford to take part in Viceroy’s LLC cannabis venture. However, the LLC never executed its ideas into operations. Despite the guarantee to pay back the four-time champion, Daron Campbell never did the due diligence. And now, Shaq is supposedly hell-bent on making over ten times more than his initial $100,000 investment.

Acting through his LLC, Campbell started Viceroy in 2015 to deal in the business of legal cannabis. However, according to the reports, he never made the necessary steps to make the business happen. Notably, Viceroy had no licenses, no revenue, and no operations whatsoever even as 2017 almost came to a close. Failing to provide the necessary receipts, Shaq and Crawford threatened to sue Campell. That’s when the Viceroy head agreed to pay back their sum of $150,000 in regular installments.

He made his first payment in November 2018, but that was all that came in the direction of Shaq. With no communication and Campbell skedaddling away, the Los Angeles Lakers icon is taking the legal road to sue for over a million dollars.

Shaquille O’Neal wants his money back

After failing to make any amends on starting a legal cannabis organization, Campbell wrote an email promising to return Shaq and Crawford’s money. His email reportedly said, “At this point, I am willing to agree to personally purchase the units [owned by plaintiffs] over a period of time. If acceptable, I would pay Mr. Crawford and Mr. O’Neal on the first day of each quarter, a minimum of $10,000 until paid in full.” 

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However, with Campbell not honoring his motives, the plaintiffs had to resort to litigation. Their lawsuit states Campbell’s awareness of the initial $150,000 investment along with his agreeing to pay back the sum. However, there are a few hiccups along the way. As reported by MSN, the plaintiffs can not establish a legal contract that binds the defendant to pay any sum of money. Moreover, as the payment agreement was oral, the time to sue gets reduced to two years from the incident.

Shaq and Crawford’s representatives have made the case of a breach of contract which extends the time frame to four years. The last court document was filed on December 19, 2022, two years after Campbell stopped paying the $10,000 installments.

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Now, in the face of $150,000, Shaq and Crawford are looking at a figure of over a million dollars in damages alone.

Do you think Shaquille O’Neal will be able to recover his losses? Let us know in the comments below.