Who Owns Papa Johns?

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What companies do Shaq owns

Which 50 brands does Shaquille O’Neal own? Taking a closer look at companies owned by NBA legend Apart from being an LA Lakers and Phoenix Suns legend, Shaquille O’Neal is also a businessman and philanthropist. The Inside the NBA analyst is reportedly making more money in retirement than he was in during his playing career, and his net worth is estimated to be over $400 million. Additionally, O’Neal has investments with Apple, Google, Lyft, Vitaminwater, and Ring. He was also a part-owner of the Sacramento Kings and a former investor in Google. Shaq is also heavily involved with the pizza chain Papa John’s and owns several franchises of Krispy Kreme Donuts.

Is Papa John a billionaire?

Papa John’s founder slammed for saying he ‘lost a home’ in hurricane Published: 09:30 BST, 5 October 2022 | Updated: 08:03 BST, 6 October 2022

• The billionaire founder of Papa John’s pizza empire has been slammed for saying he ‘lost a home’ in during Hurricane Ian, a monster storm which killed over a hundred.
• John Schnatter, 60, also a property mogul whose net worth is estimated to be at a billion dollars, admitted the loss he had suffered while speaking from another one of his properties in during an interview with OAN.
• His $6million condominium in Naples, Florida, was flooded and damaged during the hurricane but Schnatter did empathize with those who had ‘lost everything’.

The pizza and property tycoon has courted controversy before. He was forced to step down as the chairman of his own company for using the N-word during a call in 2018.

1. ‘Of course, you’re currently in Utah, but we’re seeing the images of your home in Naples,’ anchor Stella Inger Escobedo said to the Indiana native, describing the scene as ‘heartbreaking.’
2. ‘It appears it is completely under water.’
3. The images of the destruction in the aftermath of the hurricane ‘gives you a little bit of perspective how devastating this storm is,’ the pizza mogul says.

John Schnatter, founder of Papa John’s and a property mogul who’s net worth is estimated to be between half a billion and a billion dollars, admitted that he had ‘lost a home’ in Florida during Hurricane Ian OAN news anchor Stella Inger Escobedo asked Schnatter about the damage to his $6million condominium and he said his ‘heart goes out’ to those who have lost everything

• ‘I’m not worried about myself because I have the resources and the team and institutional knowledge, but you can’t imagine how bad this is.’
• ‘My heart goes out to the folks in Florida – yeah I lost a home, but they’ve lost everything.’
• As well as the $6million condominium in Naples battered by Hurricane Ian, Schnatter is thought to own over 20 other properties – three in the Lousville, KY, area, his home in Utah and nearly 20 through his real estate company.

One of his Kentucky mansions, where he lives, is valued at $11million. He has dubbed it the ‘Papa Castle’. The billionaire’s admission that he had lost one of his homes drew mockery from social media users, who also tore into OAN, a famously right-wing news network.

‘Waaaaaa he lost a house So in the end he will buy up the neighbors houses and build another tacky mansion,’ wrote one unsympathetic user. ‘I’m not worried because I have 600 million and can afford proper insurance. OAN is ridiculous,’ disclaimed another. ‘Institutional knowledge? To not suffer from a hurricane?’ wrote a third skeptical user.

John Schnatter accompanied by footage of his flooded home – the word ‘hurricane’ was spelt incorrectly on OAN’s strapline throughout the interview Schnatter is thought to own over 20 other properties – three in the Lousville, KY, area, his home in Utah and nearly 20 through his real estate company (Pictured: His Utah home) One of Schnetter’s Kentucky properties – an $11million mansion which sits on the edge of a lake

1. The death toll for the storm, which struck Florida and South Carolina last week, was 109 as of yesterday, but is expected to rise.
2. The father-of-three has courted controversy before.
3. Schnatter resigned as CEO the pizza chain in 2018 after he blamed NFL players kneeling for the national anthem on dwindling sales figures.
4. He also stepped down as board chairman six months later after he was recorded using the N-word during a media training call about avoiding PR blunders.
5. During the call with media agency Laundry Service, Schnatter tried to downplay his NFL remarks, saying ‘Colonel Sanders called blacks n*****s’ as he complained that the KFC founder never faced public backlash.

He resigned as board chairman soon after those reports came out. The pizza chain began removing Schnatter’s image from its logos, pizza boxes and restaurants after the incident made headlines. Schnatter issued an apology at the time, saying: ‘News reports attributing the use of inappropriate and hurtful language to me during a media training session regarding race are true.

‘Regardless of the context, I apologize. Simply stated, racism has no place in our society,’ he said. Schnatter had previously accused other members of Papa John’s board of conspiring to force him out of the CEO role, and he reiterated those allegations in another interview – also with OAN, saying his colleagues unfairly ‘painted’ him as a racist.

‘State of shock. Unbelievable – I just couldn’t understand it,’ he said. ‘You have a public board who paints its chairman paints the founder as a racist, they know he’s not a racist – it’s just unbelievable.’ He also said he was trying to ‘get rid of this N-word’ from his vocabulary, and blamed a plot to unfairly paint him as a racist by his Papa John’s colleagues and an ad agency.

• Immediately after the OANN interview, Schnatter insisted he has ‘no history of racism.’
• He then appealed for Papa John’s to apologize to him, urging them to admit they failed to due their ‘proper due diligence and process with Delaware law’ before booting him from the company three years ago.
• He later said in an email to DailyMail that his meaning on OANN was misconstrued and that he had meant ‘get rid of this N-word’ from the vocabulary of the news media, and not his own vocabulary.
• Then in December 2020, an investigation commissioned by Schnatter’s lawyers into the original call found he was not racist and the incident was ‘widely misreported’, the results stated.
• The investigation, carried out by former FBI Director Louis Freeh, was described as a ‘background’ investigation into Schnatter’s past relationships with coworkers, friends and prominent African Americans.
• The investigative report found that Schnatter’s standing and reputation with prominent Africans Americans further validated their assessment that he ‘had no prejudicial intent or racial animus when he made the public comments at issue.’

During the call with media agency Laundry Service, Schnatter tried to downplay his NFL remarks, saying ‘Colonel Sanders called blacks n*****s’ as he complained that the KFC founder never faced public backlash

1. Despite all these issues, Schnatter still enjoys a net wealth thought to be around $1billion, largely through his property company, having sold off most of his Papa John’s shares.
2. In 2020 he took to TikTok to show off some of the wealth and opulence he enjoys.
3. In one video, Schnatter is seen showing off his massive, $11million Kentucky mansion.

One shot shows the plush mansion’s entrance hall, where he shows off a huge statue of two eagles mating. Schnatter says the bizarre sculpture also functions as a clock.

• The property, which sits on the edge of a lake, also features ornate carved wooden doors and mosaic floors.
• In one of his first videos, Schnatter, who has a net worth of $1billion, is seen driving his 1971 Camaro Z28.
• Another clip shows him walking toward a chopper with the caption: ‘Did you know I have my own helicopter?’

One clip shows him walking toward a chopper with the caption: ‘Did you know I have my own helicopter?’ In one of his most recent videos, Schnatter is seen showing off his massive, $11million Kentucky mansion (right) Schnatter, who has a net worth of $1billion, showed off his Louisville mansion in one of the TikTok videos.

He also showed off some of his bizarre art (right) of two eagles mating that also serves as a clock In 2017, when he owned 31 per cent of Papa John’s stock, Forbes estimated Schnatter’s net worth to be $1billion. But Schnatter has reportedly sold off half of his shares since then, and Celebritynetworth.com puts his net worth at $500million.

Schnatter founded Papa John’s in 1984 out of a broom closet in his father’s tavern, Mick’s Lounge, in Jeffersonville, Indiana. By 1993, when he took the company public, there were 254 restaurants and as of 2020 there were 5,400 worldwide Papa John’s locations, including 3,134 in the US.

1. He now owns less than a four percent stake in the company, having began heavily offloading his 9.9 million shares beginning in May 2019.
2. Schnatter has not been shy to associate his face publicly with the Papa John’s brand, appearing on the restaurant’s pizza boxes smiling and wearing an apron.
3. These were removed after his ejection from the company.

: Papa John’s founder slammed for saying he ‘lost a home’ in hurricane

Is Papa Johns Russian owned?

American Papa John’s boss defends move to keep 190 Russian stores open Published: 05:39 BST, 15 March 2022 | Updated: 12:02 BST, 15 March 2022 An American Papa John’s boss living in plans to keep all the country’s pizza shops open despite the brand announcing last week that it was suspending all of its corporate operations in the country over the war on Ukraine.

Christopher Wynne, a native who has lived and worked in Russia part time since the early 2000s, said Papa Johns will continue to operate all 190 of its stores there, even after the US-based head office said they’d be closing. He is able to ignore that edict because the Russian outlets are owned by franchisees, who buy their supplies from an independent company that he owns.

Wynne began working with local suppliers when Russia annexed Crimea in 2014, and now gets almost all of his produce from within the country – except for olives. That means he does not have to rely on the US brand for supplies to keep the stores running.

Wynne said his ‘interest is first and foremost my employees and franchisees and keeping the lines of cultural exchange with the Russian people open’. Papa John’s franchise boss Christopher Wynne plans to keep his Russian pizza shops open despite the brand announcing last week that it was suspending all of its corporate operations in the country.

Wynne is pictured in Moscow in July 2017 ‘The best thing I can do as an individual is show compassion for the people, my employees, franchisees and customers without judging them because of the politicians in power,’ he told theon Monday. ‘The vast majority of Russian people are very clearheaded and understand the dark gravity of the situation they’re in.

1. And, at the end of the day, they appreciate a good pizza.’ Wynne’s company, PJ Western, operates 190 Papa John’s restaurants in Russia and despite the pizza cooperation’s decision to suspend operations, he and his fellow franchisees do not plan to follow suit.
2. The pizza company is just one of several quick-service restaurant chains to halt or limit operations in Russia.

Burger King on Thursday became the latest to do so, following the footsteps of McDonald’s, KFC, Pizza Hut and Papa John’s International. Wynne’s company operates 190 Papa John’s restaurants in Russia. He is continuing to operate his stores and says his ‘interest is first and foremost my employees and franchisees and keeping the lines of cultural exchange with the Russian people open’

• Wynne said Russia’s Papa John’s shops are primarily owned by Russian through a franchise agreement controlled by PJ Western, which reported $59million in revenues in 2020.
• Papa John’s International cut ties with PJ Western when it announced two weeks ago that it would no longer ‘provide operational, marketing or business support to the Russian market.’
• ‘Our perspectives diverged fairly quickly,’ Wynne said of the brand’s decision.
• ‘Papa John’s is worried about the corporate and political winds that, on a day-to-day basis, I cannot focus on.’
• He instead is focused on the needs of his workers, noting that his company oversees franchisees that employ 9,000 people.
• ‘The current situation will increase the challenges we are faced with, but I believe that what we are doing is the right thing to do,’ Wynne explained, noting that he prefers to prioritize business rather than politics.
• Wynne, who is married to a Russian woman with whom he shares a two-year-old daughter, claims it ‘has never been my responsibility or right to comment about the politics in Russia’ and that he instead is focused on how his businesses can provide opportunities to residents of the country.
• He also noted that American businesses shuttering Russian locations ‘will face increased scrutiny from the government,’ but reiterates his companies ‘will not fall in this category since the business continues to operate.’

The move to cease operations in Russia comes in response to President Vladimir Putin’s declaration of war on Ukraine. Putin is pictured last Thursday during a teleconference in Moscow Papa John’s is just one of several quick-service restaurant chains to halt or limit operations in Russia due to the war (Pictured: A residential building in Kyiv that was damaged by shelling as seen on Monday) The franchise owner also explained that although retailers have stopped selling goods in Russia, little has changed with his pizza operations.

1. ‘In 2013, about 92 percent of my supply chain was imported,’ he said, before adding that in 2014 – when the U.S.
2. Imposed sanctions on Russia for annexing Crimea – he began working with Russian farmers and manufacturers to get the ingredients necessary for his stores to operate.
3. ‘We switched to an entirely localized supply chain,’ Wynne said.

‘The only thing we import is olives.’ He also shared that despite the war and widespread anxiety for their loved ones in Ukraine, Russian ‘customers were showing up as usual.’ Additionally, Wynne said that despite the various sanctions that have made it difficult to conduct international financial transactions, internal credit card payment systems and the internet remain functional.

1. Dozens of companies pulled out of Russia, with video game makers Nintendo and Sony halting all product shipments, packaged food giants Nestle and Mondeleze International halting investment, and tobacco groups scaling back operations.
2. Just last week, Burger King’s parent company Restaurant Brands International chain said it will halt corporate support for the 800 franchisee-owned Burger Kings in Russia, as well as refuse any new investment or expansion.
3. The announcement followed similar moves from McDonald’s, KFC, Pizza Hut and Papa John’s.
4. Analysts allege that although temporarily closing restaurants may not have much of an impact of large corporations like Papa John’s International or Yum Brands Inc, the parent company of KFC, it could cause financial ruin for franchisees.
5. ‘These are Russian-owned businesses, owned primarily by Russians or Russian institutions, that don’t share our beliefs or requirements,’ Michael Seid, the founder of global franchise advisory firm MSA Worldwide, told the Times.

‘The Russian franchisee has debt, has to pay the employees. They’re going to do what is in their best interest, and it will all get sorted out later.’ Meanwhile, in a statement emailed to the newspaper, Papa John’s International claimed its decision to pause operations in Russia was ‘supported by the vast majority of our team members, franchisees, customers and communities around the globe.’ The company also said in a regulatory disclosure last week that it could end up having to absorb the cost of $15.2million of receivables associated with its master franchisee in Russia, which runs all of its 188 restaurants there.

1. Royalties from the franchisee made up less than 1 percent of Papa John’s total revenue in 2021, the company said.
2. The pizza chain also said noted that it ceased all operational, marketing and business support to – and engagement with – the Russian market, and that it is not receiving any royalties from restaurants there.

A person enters a McDonald’s restaurant in Moscow, Russia on Wednesday. McDonald’s says it expects to lose $50million per month by pausing operations in Russia Pedestrians pass a Burger King fast food restaurant, operated by Burger King Worldwide Inc., in Moscow in a file photo.

• Airbnb: Suspended all bookings in Russia.
• Amazon: Suspended shipments and Prime Video but had no physical presence.
• Apple: Suspended all product sales but had no retail locations.
• Burger King: Pulling corporate support for 800 franchisee-owned restaurants.

Coca-Cola: All business in Russia suspended. Operated 10 bottling plants through a licensed partner. KFC: Parent company Yum Brands is suspending operations of 70 of its at least 1,000 KFC restaurants in the country. McDonald’s: Operations suspended at all 847 locations in Russia. McDonald’s will continue to pay 62,000 workers there.

1. Microsoft: All sales of new products suspended in Russia.
2. Netflix: Service suspended in Russia.
3. Nintendo: Halting all product shipments to Russia.
4. Papa John’s: All corporate operations suspended, but 188 franchisee-owned locations will continue to operate independently without corporate support.

PepsiCo: Suspended sales of Pepsi and other sodas but will continue to sell essential items such as baby formula. Operates two bottling plants in Russia and employs 20,000 workers there. Pizza Hut: Yum Brands is finalizing an agreement to suspend operations of all 50 of its Pizza Hut locations in Russia.

• Similarly, McDonald’s said last Wednesday that the temporary closure of its 847 stores in Russia will cost the fast-food chain about $50million a month.
• The fast-food company, an icon of the post-Soviet era, runs 84 percent of its Russian locations itself and said it will continue paying all of its 62,000 staff and restaurant employees there.
• Other costs will come from sites it leases and supply chain operations, Chief Financial Officer Kevin Ozan said during a UBS conference on Wednesday.
• ‘This is a really challenging and complex situation for a global company like us,’ he said.
• At least six other fast-food brands with more than 2,600 outlets combined in Russia could also take a financial hit from any decisions to pull out, even though nearly all of those restaurants are owned and operated by independent franchisees.
• Yum Brands Inc, Kentucky-based parent company of the fried chicken chain KFC, said Wednesday that it was was suspending operations of 70 of its at least 1,000 restaurants in the country.
• Most of the KFC locations in Russia are owned by franchise and license partners, which may complicate efforts to shutter the operations.
• The company, which also owns Pizza Hut, also said it was finalizing an agreement to suspend operations of all 50 of the pizza chain’s Russian locations.

‘Yum! Brands is suspending operations of KFC company-owned restaurants in Russia and finalizing an agreement to suspend all Pizza Hut restaurant operations in Russia, in partnership with its master franchisee,’ the company said. The company added that it would donate all profits from operations in Russia to humanitarian efforts.

1. Meanwhile, Ukraine and Russia held another round of talks Monday as Moscow’s forces pounded away at cities across the country, including the capital.
2. The latest negotiations were the fourth round involving higher-level officials from the two countries and the first in a week.
3. The talks ended without a breakthrough after several hours, with an aide to Ukrainian President Volodymyr Zelensky saying the negotiators took ‘a technical pause’ and planned to meet again Tuesday.

The two sides had expressed some optimism in the past few days with Zelensky’s aide tweeting that the negotiators would discuss ‘peace, cease-fire, immediate withdrawal of troops & security guarantees.’ Previous discussions, held in Belarus, produced no lasting humanitarian routes or agreements to end the fighting.

• Firefighters work on a building destroyed by a Russian shell, in Kharkov, Ukraine on Monday A building and vehicles in Kyiv were destroyed by shelling as Russia’s attack on Ukraine continues.
• This photo was taken on Monday Despite plans for further talks, large explosions thundered across Kyiv shortly before dawn on Tuesday while Russia pressed its advance on multiple fronts.

Elsewhere, a convoy of 160 civilian cars left the encircled port city of Mariupol along a designated humanitarian route, the city council reported, in a rare glimmer of hope a week and a half into the lethal siege that has pulverized homes and other buildings and left people desperate for food, water, heat and medicine.

Overall, nearly all of the Russian military offensives remained stalled after making little progress over the weekend, according to a senior U.S. defense official who spoke on condition of anonymity to discuss the Pentagon’s assessment. Russian troops were still about nine miles from the center of Kyiv, the official said.

The official said that Russian forces have launched more than 900 missiles but that Ukraine’s airspace is still contested, with Russia not achieving total air superiority. Airstrikes have been reported across the country, including the southern city of Mykolaiv, and the northern city of Chernihiv, where heat was knocked out to most of the town.

Explosions also reverberated overnight around the Russian-occupied Black Sea port of Kherson. Since Russia invaded invaded Ukraine on February 24, the United Nations has recorded at least 596 civilian deaths, although the agency believes the true toll is much higher. Millions of Ukrainians have fled their homes, with more than 2.8 million crossing into Poland and other neighboring countries in what the U.N.

has called Europe’s biggest refugee crisis since World War II. : American Papa John’s boss defends move to keep 190 Russian stores open

Who is the disgraced owner of Papa Johns

John Schnatter
Alma mater	Ball State University
Occupation(s)	Founder, former CEO, and Chairman of Papa John’s Pizza
Years active	1984–2018
Political party	Republican

Did Papa Johns get sold?

Photograph: Shutterstock Sun Holdings is doubling down on Papa John’s. The large Texas-based multi-brand franchisee, which last year signed a 100-unit development agreement, is now buying a majority stake in 90 Papa Johns locations from the franchisor, the pizza chain announced on Thursday.

Papa John’s owned the restaurants with a joint venture partner, Blue and Silver Ventures, which will remain a limited partner in the restaurants with Sun Holdings. Papa John’s is selling its interest in the restaurants to Sun, which has assumed control of the restaurants. According to a federal securities filing on Thursday, the restaurants generated $106 million in revenue for the company last year and $8.6 million in operating income.

Yet Papa John’s said in the filing the deal is expected to have a “neutral” impact on earnings. The Louisville, Ky.-based pizza chain believes it will have a positive, long-term impact on its overall growth. The company has been eager to grow its domestic unit count.

The brand has about 3,100 U.S. locations, making it smaller than its three big rivals Domino’s, Pizza Hut and Little Caesars. It signed the deal with Sun Holdings, one of the country’s largest restaurant operators, in September of last year—its largest domestic development deal to date. Sun will develop the locations by 2029.

The refranchising deal will give Sun Holdings a springboard to help jumpstart that development, noting that Sun “is strongly positioned to accelerate its development plans and Papa John’s domestic growth.” Amanda Clark, Papa John’s chief development officer, said the company would continue to build new corporate restaurants “as well as refranchise when we can provide our franchisees strategic scale to support the brand’s long-term growth.” She said in a statement that this refranchising deal is a “great example” of that strategy.

Guillermo Perales, CEO of Sun Holdings, said its deal with Papa John’s “has already begun to deliver a high return on our investment.” The agreement continues an aggressive growth strategy for Papa John’s, which signed a 1,350-unit deal in China with the private equity firm FountainVest Partners just last year.

Sun Holdings is based in Dallas. It also operates Burger King and Arby’s, among other brands, and is the owner of the Taco Bueno concept. Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content.

Is Papa Johns declining?

New York CNN — Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Sales at North American locations open at least a year fell 1% in the quarter ending on June 25, compared to the same period last year, dragged down by high prices at the chain’s franchise locations.

“Some of the pricing had gotten out in front of where the consumer was willing to spend,” said Papa Johns (PZZA) CEO Rob Lynch during a Thursday analyst call discussing the quarterly results. “April was the worst month that we’ve had since I’ve been at Papa Johns (PZZA),” in terms of sales at locations open at least a year, he said.

Lynch joined Papa Johns (PZZA) in 2019. Franchise operators have over the past year “been increasing their prices at a faster rate than our company-owned restaurants” to preserve profit margins as inflation has surged, Lynch said. Inflation has been cooling in recent months, but hit a 40-year high in June of last year,

“As a result, they have experienced a larger decline in transactions relative to our company-owned restaurants this past quarter,” he said. The vast majority, roughly 2,900 out of about 3,400 total North American Papa Johns restaurants, are franchised, according to the company. In general, franchise operators are able to set menu prices themselves, though the company may set a cap on pricing for certain promotions.

At company-owned restaurants open at least a year, sales grew in the quarter, but not enough to offset declines in franchised spots. The chain’s total sales were down 2% year over year in the second quarter. Over the past few years, companies have been hiking prices to promote or protect their own margins as their own costs have gone up.

• For a while, they said, many shoppers were surprisingly resilient, still buying despite the high prices.
• But now, they’re pushing back – and not just at Papa Johns.
• Prices of products made by Kraft Heinz (KHC), which include Lunchables, Capri Sun, Philadelphia cream cheese, Oscar Mayer, Kraft Mac and Cheese, Velveeta and other brands, are up about 11% this year.

Sales volumes fell in the second quarter, and cold cuts, cream cheese and kids’ single-serve beverages are losing share to discounted or lower-priced competitors, Kraft Heinz CEO Miguel Patricio said this week. “We priced above the market,” Patricio said in a discussion of the company’s second-quarter results.

Here’s the good news — the pricing is done.” At Kraft, “we are taking a disciplined and surgical approach to protecting our profit dollars in certain categories,” Patricio said, noting that losing share “was a headwind we expected.” During a July call with analysts, Coca-Cola (KO) CEO James Quincey said his company has “seen some willingness to switch to private-label brands in certain categories” in the US and parts of Europe.

Consumers have been trading down to store brands in those regions, he said at the time, noting that the trend applies largely to water and juices. Kellogg (K) has also seen volumes fall due to high prices. “Volumes were in line with our expectations,” Kellogg’s CEO Steven Cahillane said during an analyst call Thursday.

It doesn’t mean we’re pleased about it, but take the level of pricing that we’ve taken — you have to see elasticities moving higher,” he said, referring to how readily people alter their spending habits when prices change. Still, higher prices still led to higher sales in the quarter. Kellogg’s net sales increased about 5% in that period, year-over-year.

At Papa Johns, leadership is working to spark sales at its franchise locations. Part of the plan is to encourage franchise operators to be strategic with discounts, Lynch said. “We’re not just going in and saying, ‘Hey, you have to take your prices down on your regular menu price,'” he said.

• It’s how they execute their e-deals and the discounts that they offer through the digital channels.” Lynch added that pizza sellers are at something of a disadvantage when it comes to pricing compared to other fast food sellers because they typically don’t have drive-thrus,
• When you pull into a drive-thru and you look at the menu board, the price that’s on the menu board is what you pay,” he said.

“This model that we deal with here in pizza is more of an e-commerce model where it’s planned ahead and there’s shopping that goes on.”

Is Papa Johns owned by Pakistani?

Pakistan: A Tale of Two Bajwas Taking on the powerful Pakistan army isn’t an easy job and, this issue is one on which both Prime Minister Nawaz Sharif and Imran Khan will surely agree. So, ‘Fact Focus’, an investigative Pakistani news portal that dares to publish “f actual, data-driven investigative stories to empower Pakistani citizens” deserves due appreciation for publishing reports exposing humongous financial windfalls made by the Pakistan army’s top brass.

In a report titled ‘Bajwa Family Business Empire Grew in Four Countries in Sync with Asim Bajwa’s Rise in Military’ published two years ago, it had revealed the massive international financial empire built, by former Director General Inter Services Public Relations Lt Gen Asim Bajwa. In its 2020 report, ‘ Fact Focus’ provided irrefutable documentary evidence that clearly proved that Lt Gen Asim Bajwa and his extended family had acquired commercial assets like 133 Papa John’s franchises in the US and the UAE.

He also owned several other high-end properties in the US, Canada, UAE, and Pakistan, the combined value of which are clearly far beyond his known means of income. What’s even more intriguing is that even though Lt Gen Asim Bajwa concealed revealing the same while declaring his assets, no official cognisance or inquiry into these allegations were instituted.

But this doesn’t come as any big surprise as everyone knows that the Pakistan army enjoys the status of a ‘Holy Cow’ in the country, and as such is beyond any reproach. Lt Gen Asim Bajwa’s initial outright denial followed by partial acceptance subsequently, still seems to have convinced the authorities that there was no need to officially investigate the General.

However, in a characteristic case of shooting the messenger, the Securities and Exchange Commission of Pakistan instead sought to proceed against those involved in the “data leak” by issuing summons- thereby admitting that the information contained in the ‘Fact Focus’ report was authentic.

• However, it was Lt Gen Asim Bajwa himself, who by resigning from his post-retirement job of Special Advisor to the Prime Minister on Information and Broadcasting soon after the ‘ Fact Focus’ exposé, left nothing to imagination.
• So, beyond earning the dubious ‘Papa John of Pakistan’ moniker, Lt Gen Asim Bajwa has nothing else to worry about since this unprobed case of obvious financial irregularity has been long forgotten ! ‘Fact Focus’ has now come out with another damning report that unambiguously exposes the astounding acquisition of assets by family members of outgoing Pakistan Army Chief Gen Qamar Javed Bajwa.

Citing tax records, ‘Fact Focus’ has revealed that Gen Bajwa and his family members own assets valued at a whopping Rs 12.7 million-and this figure could increase substantially as it doesn’t include assets of the army chief’s son, which ‘Fact Focus’ couldn’t access.

1. What is most astonishing is the financial windfall that came for the immediate family of Gen Qamar Bajwa in an extremely short period of time.
2. The ‘Fact focus’ report reveals that it was only in 2016 that Gen Bajwa’s wife, Ayesha Amjad registered herself as a tax filer and declared that the net value of her assets in 2015 was ‘zero’.

However, believe it or not, in just a matter of six years, she owns assets worth Rs 2.2 billion! Similarly, in 2018, the total worth of the declared assets of Gen Bajwa’s daughter-in-law jumped from ‘zero’ to Rs 1,271 million and that too in less than a fortnight.

Assets of Manhoor’s sister Hamma Naseer also increased by leaps and bounds-from ‘zero’ in 2016 to “billions” by 2017. The father-in-law of Gen Bajwa’s son too “became a billionaire.” From the aforesaid it clearly emerges that 2016 undoubtedly proved to be an extremely lucky year for the entire Bajwa family.

While Gen Bajwa, became army chief in a surprise move by superseding two Generals who were senior than him, his family seems to have had an unusually lucky streak and struck gold, as its asset value surged to unbelievably dizzy heights during the same year.

1. Some may contend that the report published by ‘Fact Focus’ is motivated and the information furnished to substantiate the allegations made therein are false or manipulated.
2. In all fairness, this is a possibility, and hence it cannot be summarily ruled out.
3. However, just like the case of the outgoing army chief’s namesake Lt Gen Asim Bajwa, it’s Islamabad that has given a clear indication that inarguably establishes veracity of the ‘Fact Focus’ report.

If the tax documents released by ‘Fact Focus’ were fabricated or incorrect, then all that Pakistan’s Ministry of Finance would have to do was point out the inaccuracies in the details furnished and thereby completely discredit and demolish this report.

It could also initiate legal action against the website under Pakistan Penal Code Section 500-A under which “Who so ever intentionally ridicules, brings into disrepute or defames the Armed Forces of Pakistan or a member there of,” is deemed to have committed an offense punishable with a jail term, fine, or both.

However, by tweeting that “Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has taken serious notice of the illegal and unwarranted leakage of tax information of the family members of General Qamar Javed Bajwa, Chief of Army Staff ” hasn’t the MoF itself authenticated the data published in the ‘Fact Focus’ report? It’s not only a tale of two Bajwas making huge money.

Why did Shaq buy Papa John’s?

Photo courtesy of Papa John’s Papa John’s will keep Shaq around for at least three more years. Shaquille O’Neal, the former NBA player who has had a more lucrative post-playing career as a pitchman and investor, signed a new three-year endorsement deal for the pizza chain worth more than $11 million in cash and stock, according to a federal securities filing on Thursday.

1. The deal also features a royalty arrangement that can increase the value of the deal.
2. O’Neal will get $5.625 million in cash over the three years, starting out at $1.75 million in the first year and increasing to $2 million by the third.
3. He can earn more, however, if people buy a lot of Shaqaroni Pizzas.

Papa John’s agreed to pay O’Neal a royalty payment of 20 cents per Shaqaroni Pizza sold if that amount exceeds the cash payment in a given year. O’Neal will also receive 55,898 in restricted stock, which will gradually vest over a three-year period. That stock is worth $5.6 million based on Thursday’s trading price.

O’Neal initially signed a deal with Papa John’s in 2019 as the company was working its way out of a bad, two-year funk stemming from controversies surrounding its founder and former spokesman John Schnatter. O’Neal became a franchisee of the brand as well as a director and a spokesman. At the time, the deal was worth $8 million.

But it’s safe to say the company is thrilled with the results. Same-store sales turned positive the next quarter after the O’Neal agreement was announced and have been positive since then—aided, clearly, by a pandemic that has shifted sales to delivery.

• According to the deal terms, O’Neal will provide at least eight “service days” for Papa John’s every year, including production days with the chain’s creative agency and various public appearances at company and community events.
• He will also post company-created posts on his social channels and will make himself available for Papa John’s-related media interviews every year.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here, Restaurant Business Editor-in-Chief Jonathan Maze is a longtime industry journalist who writes about restaurant finance, mergers and acquisitions and the economy, with a particular focus on quick-service restaurants.

Who owns most of Papa John stock

Papa Johns International (NASDAQ: PZZA) is owned by 107.38% institutional shareholders, 25.35% Papa Johns International insiders, and 0.00% retail investors. John H. Schnatter is the largest individual Papa Johns International shareholder, owning 5.82M shares representing 17.78% of the company. John H.

How much money does Shaq make from Papa Johns?

Shaquille O’Neal came up with the Shaq-a-Roni pizza for Papa John’s, he told Franchise Times in a recent interview, and the limited-time oversized offering will be back as part of a new endorsement deal the NBA legend signed with the company. The new three-year agreement with Papa John’s, which is worth more than $11 million in cash and stock, according to a federal securities filing, replaces O’Neal’s previous endorsement deal, which ran from March 2019 to March 2022.

• Under the new terms, O’Neal will get $5.625 million in cash payments over the three years—that’s an increase from the $4.125 million Papa John’s paid as part of the first agreement.
• The success of the Shaq-a-Roni pizza could also mean O’Neal earns more.
• Papa John’s agreed to pay a royalty payment of 20 cents per co-branded pizza sold if that amount exceeds the contractual cash payment in a given year.

A dollar from every pizza sold—more than $7 million during the two years Papa John’s has offered the LTO—supports the Papa John’s Foundation for Building Community, something O’Neal said aligns with his personal long-term goals of positive community impact.

O’Neal was also granted 55,898 in restricted stock, which will gradually vest over a three-year period. That stock is worth $5.6 million based on the April 15 trading price. Papa John’s, meanwhile gets the right and license to use O’Neal’s “name, nickname, initials, autograph, voice, video or film portrayals, photograph, likeness and certain other intellectual property rights” in its advertising and promotions, and O’Neal will provide brand ambassador services related to appearances, social media and public relations.

Related: Why Shaquille O’Neal Is Putting His Star Power Behind Big Chicken O’Neal’s relationship with Papa John’s began in 2019 when the company asked him to join its board of directors. The company was trying to recover from a year of turmoil following founder and former Chairman John Schnatter’s resignation after it was reported he used the N-word during a May 2018 conference call.

Starboard Value CEO Jeff Smith, who O’Neal said is a friend, joined the board in February 2019 and wanted him to be involved in the brand’s new direction. “It was a simple conversation. I’m not going to risk my integrity and brand if that man is still involved,” said O’Neal, meaning Schnatter. “And he wasn’t.” Still, O’Neal said he “took a lot of heat for that from my community,” because people thought “I’m just taking the money.” In addition to joining the board, he took an ownership stake in nine Atlanta-area restaurants and signed that original endorsement agreement.

“They had the right to be upset,” he continued, but his message has been, “I’m part of the new management that’s bringing it back.” A big change at Papa John’s over the past two years “has been to focus our marketing on our delicious, high-quality food, instead of on any single person,” said Papa John’s CEO Rob Lynch in a February email interview with Franchise Times.

As he has said many times, Shaquille believes deeply in Papa John’s values and products. We have leveraged Shaquille’s authentic voice and ability to connect with people to create brand love for Papa Johns, and there’s no question he has helped accelerated the shift in people’s perception of the brand.” Known of course as a 15-time NBA All-Star and four-time champion who now invests in numerous companies and whose product endorsements have become equally legendary, O’Neal has made a name for himself in franchising, at one point owning 155 Five Guys restaurants, several 24 Hour Fitness locations and 17 Auntie Anne’s stores.

He’s now a Krispy Kreme franchisee and the founder and largest shareholder of Big Chicken.

What does Michael Jordan own?

Other Investments – While his partnership with Nike and former majority stake in the Hornets were some of his most lucrative investments, Jordan has a series of other ventures too—he is a co-owner of NASCAR team, 23XI, has a stake in sports betting company DraftKings, owns a tequila brand, and even owns several restaurants, among other ventures.

Does Shaq own Elvis Presley?

Shaquille O’Neal is an institution all on his own. The 50-year-old sports icon and savvy businessman has earned millions through a diverse portfolio of ventures. But not all of that money is from his likeness alone. In fact, some of those dollars come straight from the King of Rock ‘n Roll.

As more attention is put on Elvis Presley in the wake of his recent Baz Luhrmann-directed biopic, questions about Presley’s estate and massive fortune and lucrative royalties have arisen. And that brings up a strange but true fact: Shaq is on the receiving end of some of those dollars. 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 Reebok.

Though the company is noted in the retail space for reviving struggling brands, it also has ownership to the rights of many celebrity royalties, including Marilyn Monroe, Muhammad Ali, David Beckham and, yes, Elvis Presley. In a July 2019 interview with Earn Your Leisure, Shaq said, “I don’t like to seem like I’m bragging, but I’m going to ask you a question: Who owns Marilyn Monroe? Who owns Elvis Presley? Who owns Forever 21? Who owns JCPenney? Me.” He added, “My real business is I own 50 brands.” O’Neal has owned shares in ABG since 2015, when the sports icon signed an agreement to let the company manage his likeness and marketing rights.

In 2019, Authentic Brands Group CEO Jamie Salter told FN that moments before O’Neal closed the deal to sign away half of his brand proceeds to ABG, he turned to Salter with an idea. ” says, ‘You know all that money you’re going to give me?'” Salter told FN. “I said, ‘Yeah.’ He says, ‘I’d like to invest it in ABG.’ And I said, ‘Hold on, I don’t understand.

You need to explain that to me.’ He says, ‘I’m doing a deal with you to sell you 50% of everything I have going on for the rest of my life. Do you think I trust you?’ And I said, ‘I hope so.’ He says, ‘Why wouldn’t I be partners with you? We’re going to build this company together.’ And that’s how he became the second-largest shareholder of ABG.” ABG acquired Elvis’ royalties in November 2013 from Elvis Presley Enterprises, which was run by the late music icon’s family.

What does Lebron James own?

Fenway Sports Group – In 2021, James and Carter traded their stakes in English Premier League soccer team Liverpool F.C. to become part owners of global sports, marketing, and real estate platform Fenway Sports Group. James owns an estimated 1% of FSG, valued at about $90 million, according to Forbes.

How many 5 guys does Shaq own?

Shaquille O’Neal Owns 155 Five Guys Restaurants, 40 Fitness Centers, And 1 Movie Theater Among Other Businesses Shaquille O’Neal is one the most dominant players in NBA history, but also one of the smartest. The Big Diesel always liked to have fun, but he knew that money isn’t made to just spend it.

Instead, he took the most advantage of his popularity, became a very marketable player, and made the most money he could. The Los Angeles Lakers legend then used all the money he made and made it grow, stacking up millions and millions. Right now, he’s reportedly worth $400 million, which makes him one of the richest NBA players ever.

Money never sleeps and Shaq is well aware of that, which is why he entered the business world and made some moves that paid off. Right now, he owns several companies, even the ones you don’t think have something to do with a former professional athlete.

1. At the start of this month, Dunk County and NBA County recalled named some of the businesses Shaq owns.
2. It’s impressive what he’s done with his money during all these years, and he’s not stopping.
3. According to, the Big Diesel has a big collection of businesses that secure him a juicy paycheck at the end of the month.

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. Moreover, Shaq himself admitted that he owned more companies, clarifying that he doesn’t like to mention them since people can take it as he’s bragging.

1. Talking with, the 4x NBA champion said: “I don’t like to seem like I’m bragging, but I’m going to ask you a question.
2. Who owns Marilyn Monroe? Who owns Elvis Presley? Who owns Forever 21? Who owns JCPenney? Me!” Shaq said.
3. He’s done a lot of things and not everybody realizes how hard this is and the discipline and intelligence it takes to become this wealthy.

Shaq, nevertheless, keeps working as an analyst and making commercials every time he has the chance. The 2000 NBA MVP succeeded both on and off the court. That’s how he’s been able, : Shaquille O’Neal Owns 155 Five Guys Restaurants, 40 Fitness Centers, And 1 Movie Theater Among Other Businesses

Did Shaq ever make a 3?

Shaquille O’Neal reveals whether he would shoot three-pointers in today’s NBA Shaquille O’Neal claims he would never shoot a three-pointer. Credit: AFP-Scanpix Credit AFP-Scanpix

One of the most dominant NBA centers of all time – Shaquille O’Neal – attempted just 22 three-pointers in his 19-season career and made just one of them.NBA has changed a lot since those days as the league has gone through a three-point revolution with big men making the shots from deep.Would Shaq have a different approach and shoot threes in today’s NBA?

“I would never shoot a three-pointer,” he responded to a question during the Cosmote TV interview. “All those tall shooters, they weren’t even in the game because against me, they would have had two fouls on a good night, and they wouldn’t have shot. I would take the ball and make easy baskets.” O’Neal had eight seasons where he never even attempted a three-pointer.

How much did Shaq spend at Walmart?

Shaq says that he went to Walmart at around two or three in the morning and made the biggest purchase in the store’s history. ‘$70,000,’ he said on The Late Late Show with James Corden. ‘I’m the type of guy, I have no patience.’

Is Papa John’s owned by Pakistani?

Pakistan: A Tale of Two Bajwas – Indian Defence Review Taking on the powerful Pakistan army isn’t an easy job and, this issue is one on which both Prime Minister Nawaz Sharif and Imran Khan will surely agree. So, ‘Fact Focus’, an investigative Pakistani news portal that dares to publish “f actual, data-driven investigative stories to empower Pakistani citizens” deserves due appreciation for publishing reports exposing humongous financial windfalls made by the Pakistan army’s top brass.

• In a report titled ‘Bajwa Family Business Empire Grew in Four Countries in Sync with Asim Bajwa’s Rise in Military’ published two years ago, it had revealed the massive international financial empire built, by former Director General Inter Services Public Relations Lt Gen Asim Bajwa.
• In its 2020 report, ‘ Fact Focus’ provided irrefutable documentary evidence that clearly proved that Lt Gen Asim Bajwa and his extended family had acquired commercial assets like 133 Papa John’s franchises in the US and the UAE.

He also owned several other high-end properties in the US, Canada, UAE, and Pakistan, the combined value of which are clearly far beyond his known means of income. What’s even more intriguing is that even though Lt Gen Asim Bajwa concealed revealing the same while declaring his assets, no official cognisance or inquiry into these allegations were instituted.

But this doesn’t come as any big surprise as everyone knows that the Pakistan army enjoys the status of a ‘Holy Cow’ in the country, and as such is beyond any reproach. Lt Gen Asim Bajwa’s initial outright denial followed by partial acceptance subsequently, still seems to have convinced the authorities that there was no need to officially investigate the General.

However, in a characteristic case of shooting the messenger, the Securities and Exchange Commission of Pakistan instead sought to proceed against those involved in the “data leak” by issuing summons- thereby admitting that the information contained in the ‘Fact Focus’ report was authentic.

• However, it was Lt Gen Asim Bajwa himself, who by resigning from his post-retirement job of Special Advisor to the Prime Minister on Information and Broadcasting soon after the ‘ Fact Focus’ exposé, left nothing to imagination.
• So, beyond earning the dubious ‘Papa John of Pakistan’ moniker, Lt Gen Asim Bajwa has nothing else to worry about since this unprobed case of obvious financial irregularity has been long forgotten ! ‘Fact Focus’ has now come out with another damning report that unambiguously exposes the astounding acquisition of assets by family members of outgoing Pakistan Army Chief Gen Qamar Javed Bajwa.

Citing tax records, ‘Fact Focus’ has revealed that Gen Bajwa and his family members own assets valued at a whopping Rs 12.7 million-and this figure could increase substantially as it doesn’t include assets of the army chief’s son, which ‘Fact Focus’ couldn’t access.

What is most astonishing is the financial windfall that came for the immediate family of Gen Qamar Bajwa in an extremely short period of time. The ‘Fact focus’ report reveals that it was only in 2016 that Gen Bajwa’s wife, Ayesha Amjad registered herself as a tax filer and declared that the net value of her assets in 2015 was ‘zero’.

However, believe it or not, in just a matter of six years, she owns assets worth Rs 2.2 billion! Similarly, in 2018, the total worth of the declared assets of Gen Bajwa’s daughter-in-law jumped from ‘zero’ to Rs 1,271 million and that too in less than a fortnight.

1. Assets of Manhoor’s sister Hamma Naseer also increased by leaps and bounds-from ‘zero’ in 2016 to “billions” by 2017.
2. The father-in-law of Gen Bajwa’s son too “became a billionaire.” From the aforesaid it clearly emerges that 2016 undoubtedly proved to be an extremely lucky year for the entire Bajwa family.

While Gen Bajwa, became army chief in a surprise move by superseding two Generals who were senior than him, his family seems to have had an unusually lucky streak and struck gold, as its asset value surged to unbelievably dizzy heights during the same year.

Some may contend that the report published by ‘Fact Focus’ is motivated and the information furnished to substantiate the allegations made therein are false or manipulated. In all fairness, this is a possibility, and hence it cannot be summarily ruled out. However, just like the case of the outgoing army chief’s namesake Lt Gen Asim Bajwa, it’s Islamabad that has given a clear indication that inarguably establishes veracity of the ‘Fact Focus’ report.

If the tax documents released by ‘Fact Focus’ were fabricated or incorrect, then all that Pakistan’s Ministry of Finance would have to do was point out the inaccuracies in the details furnished and thereby completely discredit and demolish this report.

It could also initiate legal action against the website under Pakistan Penal Code Section 500-A under which “Who so ever intentionally ridicules, brings into disrepute or defames the Armed Forces of Pakistan or a member there of,” is deemed to have committed an offense punishable with a jail term, fine, or both.

However, by tweeting that “Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has taken serious notice of the illegal and unwarranted leakage of tax information of the family members of General Qamar Javed Bajwa, Chief of Army Staff ” hasn’t the MoF itself authenticated the data published in the ‘Fact Focus’ report? It’s not only a tale of two Bajwas making huge money.

Who is the new CEO of Papa John’s?

Robert ‘Rob’ M. Lynch (born 1976) is an American businessman and the current CEO of Papa John’s Pizza. He was announced as the new CEO to replace CEO Steve Ritchie in August 2019.

How much of Papa John’s does Peyton Manning own

At one point in time, the celebrity athlete owned 31 Papa Johns franchises. Everyone knows Peyton Manning as the superstar quarterback who led the Broncos and Colts to Super Bowl victories.

How much is the owner of Papa John’s?

John Schnatter, founder and former CEO of Papa John’s, still is worth between $500 million and $1 billion. By Nov.4 2021, Published 10:10 a.m. ET Source: Getty John Schnatter, founder of Papa John’s, is worth at least half a billion thanks to his pizza empire. Among the top names in fast-food pizza chains in the U.S., Papa John’s is certainly included. The company’s founder, John Schnatter, says his story is one of the true “American Dream.” How wealthy is the ousted CEO several years after racial comments pushed him out of company leadership? Article continues below advertisement Article continues below advertisement John Schnatter Entrepreneur, Founder and Former CEO of Papa John’s International Net worth: $500 million John Schnatter is the 59-year-old founder of Papa John’s International, a popular pizza restaurant chain that went public in 1993.