Quick Facts: San Antonio Spurs
| Largest Shareholder | Holt family (40%+), Peter J. Holt chairman/managing partner |
| Ownership Type | Private consortium |
| Founded | 1967, as the Dallas Chaparrals (ABA) |
| Headquarters / Arena | Frost Bank Center, San Antonio, Texas |
| Notable Minority Owners | Michael Dell, Sixth Street Partners, Joe Gebbia, McCombs family (rejoined 2023) |
| Championships | 5 NBA titles (1999, 2003, 2005, 2007, 2014) |
| Parent Entity | Spurs Sports & Entertainment |
Who Owns the San Antonio Spurs?
The San Antonio Spurs are controlled by the Holt family, holding more than 40% of Spurs Sports & Entertainment.
Peter J. Holt currently serves as managing partner and chairman — the third generation of his family to lead the organization, a stewardship stretching back roughly three decades.
The Holts aren’t alone at the top. Austin billionaire Michael Dell, founder of Dell Technologies, joined as a minority owner in 2021 alongside investment firm Sixth Street Partners, which manages over $50 billion in assets.
The ownership group has kept expanding since: Airbnb co-founder Joe Gebbia joined in 2022, and in 2023 the McCombs family — original Spurs investors from decades earlier — rejoined the group after a 30-year absence.
San Antonio Spurs Ownership History
Few franchises have such deep, multi-generational family continuity at the top as this one.
| Year | Event | Owner / Key Figure | Notes |
|---|---|---|---|
| 1967 | Founded as Dallas Chaparrals | ABA ownership group | Moved to San Antonio in 1973, renamed Spurs |
| 1993 | Holt family becomes lead investors | Red McCombs & the Holt family | Start of Holt family stewardship |
| 1999–2014 | Five NBA championships | Holt-led ownership | Tim Duncan era dynasty |
| 2021 | Michael Dell + Sixth Street invest | Michael Dell, Sixth Street Partners | Bought out 11 of 22 prior investors |
| 2022 | Joe Gebbia joins as strategic partner | Joe Gebbia (Airbnb co-founder) | Expanded ownership group further |
| 2023–Present | McCombs family rejoins ownership | Holt family (largest) + partners | McCombs Enterprises, after 30-year gap |
About the Holt Family
The Holt family’s involvement traces back to Peter M. Holt, a San Antonio businessman who ran Caterpillar equipment dealerships before becoming the Spurs’ lead investor in 1993 alongside original owner Red McCombs.
Under Holt family stewardship, the Spurs built one of the most successful eras in NBA history — five championships between 1999 and 2014, anchored by Tim Duncan, Tony Parker, and Manu Ginóbili, and coached throughout by Gregg Popovich.
Peter J. Holt, representing the third generation, has continued the family’s low-key, stability-focused ownership approach rather than pursuing a sale, even as team valuations across the NBA have soared.
Key Ownership Highlights
- Three generations of Holt family leadership: Few NBA franchises can claim this level of ownership continuity, spanning from Peter M. Holt in 1993 to Peter J. Holt today.
- Michael Dell’s 2021 investment brought outside capital without changing control: Dell and Sixth Street Partners bought out 11 smaller investors, consolidating the cap table while the Holts retained their controlling position.
- The McCombs family’s 2023 return closed a 30-year loop: Red McCombs was a founding investor alongside the Holts in the 1990s; his family’s re-entry in 2023 reconnected the franchise to its ownership roots.
- Five championships in 16 years: The 1999-2014 stretch under Holt-led ownership produced a run of sustained excellence rarely matched in NBA history.
- Tech money has found its way into the ownership group: Between Michael Dell and Airbnb’s Joe Gebbia, the Spurs’ ownership table increasingly reflects Austin and Silicon Valley wealth alongside its traditional San Antonio base.
Frequently Asked Questions
Who owns the San Antonio Spurs today?
The Holt family holds the largest stake (over 40%) in Spurs Sports & Entertainment, with Peter J. Holt serving as managing partner and chairman. Michael Dell, Sixth Street Partners, Joe Gebbia, and the McCombs family are among the other owners.
Who founded the team that became the Spurs?
The franchise began in 1967 as the Dallas Chaparrals in the ABA, moving to San Antonio in 1973 and becoming the Spurs.
When did the Holt family take control?
Peter M. Holt became the lead investor in 1993, alongside original owner Red McCombs, beginning three decades of Holt family stewardship.
Is Michael Dell a majority owner of the Spurs?
No, he’s a minority owner. He joined the ownership group in 2021 alongside Sixth Street Partners, but the Holt family retains the controlling stake.
How many championships have the Spurs won?
Five NBA titles: 1999, 2003, 2005, 2007, and 2014, largely built around Tim Duncan, Tony Parker, Manu Ginóbili, and coach Gregg Popovich.
