The San Antonio Spurs have been under the same ownership since the 1990s.
Since then, San Antonio has won it all five times, thus capitalising on its short NBA Finals odds.
With that said, who owns the Spurs? Let’s find out.
Who Is the San Antonio Spurs Owner?
The Holt family owns the Spurs.
Peter J. Holt is the chairman and CEO of Spurs Sports & Entertainment.
Peter M. Holt, father of Peter J. Holt, purchased 13% of the franchise in 1996 before buying another 18% from Gaylord Entertainment three months later to become the team’s majority owner.
B.J. McCombs sold the Spurs to a group of 22 investors, including the Holt family, for $75 million in 1993.
How Did Peter Holt Make His Money?
Peter J. Holt made his money by inheriting HOLT Group, which is a multi-billion-dollar business that sells, rents, and services Caterpillar machinery, from his father, Peter M. Holt.
Benjamin Holt, the great-great-grandfather of Peter J. Holt, invented the Caterpillar in 1904.
Are There Any Minority Owners of the Spurs?
The minority owners of the Spurs are the following:
- McCombs family
- Michael Dell
- Sixth Street Partners
- Paul Viera
- Joe Gebbia
- Kimberly Lewis
How Much Does David Robinson Own of the Spurs?
David Robinson owns approximately 1.89% of the Spurs.
He bought this share from former Spurs president and CEO Jack Diller in 2004.
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