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Teams/Southwest Division

San Antonio Spurs

The Holt family has led the Spurs since 1996 as largest shareholder, and Peter J. Holt has been managing partner since 18 June 2021. The family paid a reported $76M; Forbes now values the team at $5.6B, and it has had five ownership groups since 1967.

Team value$5.6BForbes, October 2026 · +27% in a year
Current owner paidNo clear priceUnclear; $75M to $76M reported, 1996
Growth since 199846x$122M on the 1998 Forbes list
Owners since founding7Southwest Division
Owner pagesPeter J. HoltNo estimate · Industry and equipment Compare with another team

Every owner since the start

  1. 2019 to today
    Peter J. Holt

    Family succession: chairman from March 2019, managing partner from June 2021. Nothing was paid.

  2. 2016-2019
    Julianna Hawn Holt

    Family succession when Peter M. Holt retired. Nothing was paid.

  3. 1996-2016
    Peter M. Holt and Julianna Hawn Holt

    Bought into the consortium in stages and became the largest shareholders. Reported price $76M; the stake it bought is not stated.

  4. 1993-1996
    Local consortium including USAA and Southwestern Bell

    Bought the whole club from Red McCombs for $75M in March 1993.

  5. About 1988-1993
    Red McCombs

    Bought the majority stake back from Angelo Drossos for $47M.

  6. 1973-1988
    San Antonio group led by Angelo Drossos

    Leased the club from its Dallas owners in 1973 and bought it outright after one season; price not found.

  7. 1967-1973
    Dallas group led by Robert Folsom

    Founded the team as an ABA charter franchise; entry fee not found.

Value over time

Forbes estimatePrice in an actual sale
  1. 12016 Julianna Hawn Holt becomes chair
  2. 22019 Peter J. Holt becomes chairman
Forbes annual team values, 1998 to 2026. Forbes published no list in 2001, 2006 or 2010. Numbered lines mark changes of control.
Show the numbers
YearForbes value
1998$122M
1999$169M
2000$189M
2002$221M
2003$242M
2004$324M
2005$350M
2007$405M
2008$415M
2009$398M
2011$404M
2012$418M
2013$527M
2014$660M
2015$1B
2016$1.15B
2017$1.18B
2018$1.55B
2019$1.62B
2020$1.8B
2021$1.98B
2022$2B
2023$3.25B
2024$3.85B
2025$4.4B
2026$5.6B
YearSaleTeam valued at
2021Michael Dell buys 10% at the same reported $1.8B valuation$1.8B
2021Sixth Street buys 20% at a reported $1.8B valuation$1.8B

Forbes valued the team at $122M in 1998 and $5.6B in 2026, about 46 times as much. The biggest one-year jump was $1.25B, from $2.0B in 2022 to $3.25B in 2023, a 62.5% rise.

How the current owner bought it

  • Peter M. Holt, father of Peter J., bought 13% from USAA in June 1996. He later bought nearly 20% from Gaylord Properties and became the largest shareholder. The San Antonio Report and KSAT put the family's 1996 outlay at $76M.
  • On 18 June 2021 the NBA approved Sixth Street and Michael Dell as partners. They bought shares from minority owners who were selling.
  • Peter J. Holt became managing partner the same day. No change of control was found for 2025 or 2026.

Partners in the team

PartnerStakeWho they are
Sixth Street20% (June 2021)Investment firm with no board seat; the reported $1.8B valuation implies about $360M
Michael Dell10% (June 2021)Founder of Dell Technologies; the same valuation implies about $180M
Joe GebbiaundisclosedAirbnb co-founder; joined in 2022
McCombs family, Paul Viera and Kimberly LewisundisclosedJoined in 2023; Forbes then valued the club at $3.25B

How the team is run

  • The family controls through the managing-partner role, not a majority stake. R.C. Buford is chief executive of Spurs Sports & Entertainment, which runs the team.
  • The Frost Bank Center lease runs to September 2032. A new downtown arena costing about $1.3B is targeted for 2032.
  • The city would pay $489M, Bexar County up to $311M, and the Spurs at least $500M plus all overruns.
  • County voters approved the funding on 4 November 2025, by 52.14% to 47.86%. The Spurs agreed not to relocate through 2062.
  • In June 2026 the city aimed to finish the binding arena documents by the end of December 2026. No signing was found by 28 October 2026.

Quick answers

Who owns the San Antonio Spurs?

The Holt family has led the Spurs since 1996 as largest shareholder, and Peter J. Holt has been managing partner since 18 June 2021.

How much are the San Antonio Spurs worth?

Forbes values the San Antonio Spurs at $5.6B in its October 2026 list, up 27% from $4.4B a year earlier. That makes them the 15th most valuable of the 30 teams; in 1998 Forbes put the team at $122M.

How much did the current owner pay for the Spurs?

Unclear; $75M to $76M reported (Holt family, 1996).

Who owned the San Antonio Spurs before the current owner?

Julianna Hawn Holt (2016-2019). Family succession when Peter M. Holt retired. Nothing was paid.

Open questions

  • Which stake the reported $76M bought is not stated; The Deal describes staged purchases of 13% and nearly 20%.
  • Wikipedia dates the Holt purchase to 1993; local outlets and the Handbook of Texas say 1996.
  • The 1973-74 purchase price and the ABA entry fee were not found.
  • Whether binding arena agreements have been signed: none found by 28 October 2026.