The San Antonio Spurs are a professional basketball team in the NBA, based in San Antonio, Texas. Founded in 1967 (as the Dallas Chaparrals of the ABA) and relocating to San Antonio in 1973, the Spurs have built a strong reputation for organisational stability and consistent success. The team currently plays its home games at the Frost Bank Center.
Ownership Status of the San Antonio Spurs
The ownership of the Spurs is not held by a single individual in isolation, but rather by a private investment group structured under Spurs Sports & Entertainment (SS&E). SS&E is the entity that owns and operates the Spurs franchise (alongside other assets).
Major Shareholders
| Shareholder / Entity | Ownership Percentage | Notes |
|---|---|---|
| The Holt family (led by Peter J. Holt) | More than 40% of the franchise. | The Holt family remains the largest shareholder and controlling interest. |
| Sixth Street (investment firm) | ~20% stake according to reporting. | A strategic investor added in 2021. |
| Michael Dell | ~10% stake according to reporting. | Tech-industry billionaire investor in the group. |
| Other investors | Smaller stakes | Includes local business families, tech stakeholders, and investors. |
Note: The remaining shares are held by various institutional investors, mutual funds, and retail shareholders (via the private ownership structure).
About the Majority Owner, Peter J. Holt
Peter J. Holt serves as the Managing Partner of Spurs Sports & Entertainment, the entity that owns the Spurs franchise. He stepped into that role in 2021, succeeding his mother, and represents the fifth generation of the Holt family business tradition. The Holt family first took a major stake in the Spurs in 1996 when the elder Peter M. Holt purchased significant ownership of the team. Under the Holt family’s stewardship, the Spurs have maintained a remarkable record of stability and success.
Peter J. Holt Net Worth
Estimating the net worth of Peter J. Holt is imprecise because much of his wealth is tied to private business interests and the minority/majority stakes in the ownership group.
- Some public sources list Peter J. Holt’s estimated net worth at about USD 200 million.
- The Holt family’s stake (more than 40%) in the franchise, when the team is valued at over USD 2 billion, suggests a significant asset base.
Given the private nature of the holdings (industrial business, franchise stake, other investments), the full picture of family wealth is likely far larger than reported individual figures.
Key Shareholder Highlights
The Spurs’ shareholder base includes a mix of passive institutional investors and, in some cases, active shareholders who may engage in governance or strategy matters.
- The Holt family holds the controlling interest and is deeply embedded in the franchise’s history of success and local presence.
- The Sixth Street investment firm and Michael Dell’s participation indicate an effort to bring in strategic capital and expertise beyond the traditional sports-ownership model.
- While no single investor outside the Holt family appears to hold control, the governance structure is designed such that the Holt family, via SS&E, remains the guiding force.
Recent Developments in Ownership
Recent filings and investor activity have highlighted shifts in ownership:
- In June 2021, the Spurs announced that Peter J. Holt was named Managing Partner of SS&E. At the same time, Sixth Street and Michael Dell joined the investor group as strategic partners.
- In late 2023, the family of former Spurs owner Red McCombs rejoined the Spurs ownership group.
- The Spurs franchise continues to refine its investor base, but the Holt family remains the largest shareholder.
These updates reflect the dynamic nature of the investment group behind the franchise, even though the controlling interest remains with the Holt family and SS&E.
FAQs
1. Who is the current owner of the San Antonio Spurs?
The franchise is owned by a private investment group via Spurs Sports & Entertainment. There is no single owner in the sense of one individual owning 100%. The controlling shareholder is the Holt family (led by Peter J. Holt) with other strategic investors holding minority stakes.
2. Is the San Antonio Spurs publicly traded or privately owned?
It is privately owned (via SS&E) and is not publicly traded.
3. Who founded the Spurs franchise?
The franchise originated as the Dallas Chaparrals in 1967 in the ABA and moved to San Antonio in 1973. It has changed ownership multiple times before the current structure.
4. Has the ownership changed recently?
Yes. While the controlling interest has remained stable with the Holt family, the investor group has seen changes — for example, Sixth Street and Michael Dell joined in 2021, and the McCombs family re-joined in 2023.