Former and current professional athletes have taken that hard-earned cash and invested it in sports franchises. Take a look at some of the notable athletes who have joined the business side of the sports world.
LOS ANGELES, CA - SEPTEMBER 15: Ervin "Magic" Johnson reacts to the run of Shane Victorino #8 of the Los Angeles Dodgers to trail the St. Louis Cardinals 2-1 during the first inning at Dodger Stadium on September 15, 2012 in Los Angeles, California. (Photo by Harry How/Getty Images)
Former NBA player Magic Johnson owned a 4.5% share of the Los Angeles Lakers that he sold in 2010. In 2012 Johnson joined a group of investors who took up ownership of the Los Angeles Dodgers.
LAS VEGAS, NV - AUGUST 18: Former NBA player Shaquille O'Neil arrives at the Azure Luxury Pool at The Palazzo Las Vegas on August 18, 2013 in Las Vegas, Nevada. (Photo by Gabe Ginsberg/FilmMagic)
As first reported by Sam Amick of USA TODAY Sports, the Kings announced Monday that former NBA player Shaquille O'Neal has joined Sacramento's new Vivek Ranadivé-led ownership group as "a minority owner.
The Miami Dolphins announced that tennis stars Serena and Venus Williams will own a small stake in the Dolphins' franchise in Miami, Florida, Tuesday, August 25, 2009. (Charles Trainor Jr./Miami Herald/MCT)
Tennis players Venus and Serena Williams are limited partners in the ownership group of the Miami Dolphins. They own shares of the team with majority owner Stephen Ross.
·CHARLOTTE, NC - JANUARY 15: Michael Jordan, owner of the Charlotte Bobcats watches on during their game against the Indiana Pacers at Time Warner Cable Arena on January 15, 2013 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Streeter Lecka/Getty Images)
NBA legend Michael Jordan held a partial share of the Charlotte Hornets for four years. In 2010 Jordan became the majority owner of the team. Jordan is the first former player to become a majority owner of an NBA franchise.
7ARLINGTON, TX - OCTOBER 09: Texas Rangers CEO & President Nolan Ryan speaks at a press conference after Game Two of the American League Championship Series at Rangers Ballpark in Arlington was postponed due to inclement weather on October 9, 2011 in Arlington, Texas. (Photo by Kevork Djansezian/Getty Images)
Former MLB pitcher Nolan Ryan is part of the ownership group, Rangers Baseball Express, that owns the Texas Rangers. Ryan holds a minority stake in the team.
In 2001 former NHL player Wayne Gretzky joined forces with Steve Ellman and Jerry Moyes to gain ownership of the Phoenix Coyotes. In 2009 the NHL took control of the team due to financial problems.
$TAMPA, FL - JANUARY 3: Team owner Arthur Blank of the Atlanta Falcons talks with former player Warrick Dunn before the game against the Tampa Bay Buccaneers at Raymond James Stadium on January 3, 2010 in Tampa, Florida. The Falcons defeated the Bucs 20-10. (Photo by Joe Robbins/Getty Images)
Former NFL running back Warrick Dunn became a minority owner of the Atlanta Falcons in 2009. Dunn has a minority stake in the Falcons’ ownership group that is led by majority owner Arthur M. Blank.
PITTSBURGH, PA - MARCH 7: Mario Lemieux talks with Penguins announcer Mike Lange during the unveil of the Mario Lemieux statue at Consol Energy Center on March 7, 2012 in Pittsburgh, Pennsylvania. (Photo by Justin K. Aller/Getty Images)
Former NHL player Mario Lemieux has been a co-owner of the Pittsburgh Penguins for 14 seasons.
LIVERPOOL, ENGLAND - OCTOBER 14: (THE SUN OUT) American basketball player LeBron James, a minority stakeholder of Liverpool FC, visits Anfield stadium, the home of Liverpool Football Club on October 14, 2011 in Liverpool, England. (Photo by Andrew Powell/Liverpool FC via Getty Images)
HOUSTON, TX - MAY 12: MLS Commissioner Don Garber, Tim Leiweke, Dan Beckerman,Oscar De La Hoya, Chris Canetti and Oliver Luck at the grand opening of BBVA Compass Stadium on May 12, 2012 in Houston, Texas. (Photo by Bob Levey/Getty Images)
In 2008 AEG announced a partnership with former boxer Oscar De La Hoya in the ownership of the Houston Dynamo.
ÀHOUSTON, TX - FEBRUARY 16: Judges Rudy Tomjanovich, Dikembe Mutombo and Yao Ming talk during the Sprite Slam Dunk Contest part of 2013 NBA All-Star Weekend at the Toyota Center on February 16, 2013 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)
Former NBA player Yao Ming played for the Chinese Basketball Association’s Shanghai Sharks before coming to play in America. Now that he is retired from the NBA he is the owner of the Sharks.