Spurs chairman Julianna Hawn Holt divorcing husband

[boutons_deux]

https://www.mysanantonio.com/spurs-nation/article/Spurs-chairman-Julianna-Hawn-Holt-divorcing-12607603.php?utm_campaign=mysa_breakingnews&utm_source=email&utm_medium=newsletter

prenup?

She could ask for Peter's share, in cash, of the Spurs.

[apalisoc_9]

Time to move on from this disjointed organization kawhi.

[BatManu20]

Meh. Just another statistic. 50% of marriages end in divorce. Nothing to see here.


:flag:

[TheGreatYacht]

Time to move on from this disjointed organization kawhi.

[objective]

This could be real bad

If a divorce triggers a sale, that's bad. And considering how Holt was one of the 'poorest' NBA owners, he might have to sell.

Teams undergoing sales don't spend money, if anything they cut costs. The Pistons had a lost season where they didn't spend money because of the sale process if I remember what a former Detroit beat writer explained in a recent podcast.

Could mean not signing Kawhi to a max until a sale and that could be too long a wait. No mle, no tax spending.

I hope it doesn't come to that stuff

[jermaine]

Even bitches wanna leave the Spurs

[SAGirl]

hmmm it could indeed be bad.

[DPG21920]

I thought they just divested some ownership anyways?

[JuneJive]

The day-to-day runnings of the organization are managed by Rick Pych.
He's been doing well so far. ( By that i mean, he wasn't mentioned at all; safe to say, business as usual since Holt ceased his "power" to his now soon-to-be ex-wife )
Am I missing something here?

How will this affect the Spurs, hmmm? Who knows, but I think they care a lot about the team and wouldn't want to jeopardize its success with their personal matters.

[Chucho]

Holt is a white nationalist oligarch that treated his wife like an objectified piece of meat to further the agenda of racist white males everywhere while still being a slave-owner. /typical batshit boots post.

[jermaine]

The day-to-day runnings of the organization are managed by Rick Pych.
He's been doing well so far. ( By that i mean, he wasn't mentioned at all; safe to say, business as usual since Holt ceased his "power" to his now soon-to-be ex-wife )
Am I missing something here?

How will this affect the Spurs, hmmm? Who knows, but I think they care a lot about the team and wouldn't want to jeopardize its success with their personal matters.

You've never cheated on a woman have You!?!? You've never pissed 1 off really bad either huh!?!

[gambit1990]

is she still CEO as well?

[r0drig0lac]

Even bitches wanna leave the Spurs

[DPG21920]

Let’s get Tim Duncan as a majority owner.

[bklynspursfan]

963161244827086848

[BatManu20]

Pop as future Spurs GM confirmed.

[jermaine]

He does have that GM mind... Don't try to talk someone into signing with you. Talk to them about family. Make them feel you give a fuck. Let them lead with the basketball talk, then you with them with the do what's best for your wife an kids convo.

[Russ]

Holt is a white nationalist oligarch that treated his wife like an objectified piece of meat to further the agenda of racist white males everywhere while still being a slave-owner. /typical batshit boots post.

I just thought he was a bit of a drinker . . .

[SuperCam]

Seattle Spurs, tbh

[spurraider21]

Pop as future Spurs GM confirmed.
he's already president. he's Buford's boss

[vy65]

Holt’s decision to retire from Spurs painted as a ‘family decision’

https://www.expressnews.com/sports/spurs/article/Holt-s-decision-to-retire-from-Spurs-painted-as-6883343.php


“Our ownership in the Spurs has always been a family affair,” Julianna Hawn Holt said in a statement. “For many years, I’ve had the desire to take a more active role with Spurs Sports & Entertainment. We felt this was the right time to make this transition.”

The move comes nearly two years after Holt Cat announced Peter Holt’s children had moved into new leadership roles within the company while their father continues to head the Caterpillar equipment and engine dealership for what he said would be at least a few more years.

Sources say Peter Holt’s retirement is in line with a gradual downsizing of his professional life.

On Feb. 24, Holt Cat announced additional promotions for the Holt children, daughter Corinna Holt Richter to executive vice president/chief administrative officer, and son Peter John Holt to executive vice president/GM.

Still, the odd timing of the announcement — in the midst of a season in which the Spurs are contending for yet another title — raised concerns about Holt’s health. Pych said Holt’s self-admitted alcoholism was not a factor in his decision to retire.

[vy65]

I ain't saying she a gold digger

[Chomag]

I hope Seattle will like the Spurs.

[ceds]

You've never cheated on a woman have You!?!? You've never pissed 1 off really bad either huh!?!

:lol

[Pavlov]

This could be real bad

If a divorce triggers a sale, that's bad. And considering how Holt was one of the 'poorest' NBA owners, he might have to sell.

Teams undergoing sales don't spend money, if anything they cut costs. The Pistons had a lost season where they didn't spend money because of the sale process if I remember what a former Detroit beat writer explained in a recent podcast.

Could mean not signing Kawhi to a max until a sale and that could be too long a wait. No mle, no tax spending.

I hope it doesn't come to that stuffEh, I wouldn't go full McCourt just yet. The Holt's are principal shareholders but I've never seen them referred to as majority shareholders. It should be easier to divide the shares if it comes to that. Given the advanced ages of both, I wonder if they just transfer to their heirs as is probably laid out in their wills anyway.

[baseline bum]

Well this certainly sucks. Holt's not worth nearly what the team is so you gotta think a sale is inevitable. Damn as much as I loved Angelo Drossos, Peter Holt is the greatest owner this team has ever had. :depressed

[TheGreatYacht]

I hope Seattle will like the Spurs.

[Pavlov]

It would have to be the deal of the century for the Spurs to leave in the next 15 years.

[Dex]

I know the Spurs are having a mediocre season, but that seems a little harsh Julianna.

[Down Under]

Spurs are now worth $1.6 Billion wtf

[MoSpur02]

Old news. I wrote about this a year ago. I was even called something. It was obvious when Peter was with some young blonde in NY when the Knicks were hosting the Spurs.

[MoSpur02]

Well this certainly sucks. Holt's not worth nearly what the team is so you gotta think a sale is inevitable. Damn as much as I loved Angelo Drossos, Peter Holt is the greatest owner this team has ever had. :depressed

Peter was never really the owner. He wasn’t/isn’t the one with the money. She is. The Spurs won’t be sold. He hasn’t been involved with the Spurs for some time now. Remember like a year ago or so there was an announcement that he wouldn’t be so much involved with the organization anymore? I think the Express also wrote something. I’ll try to find it later.

[TheGreatYacht]

It would have to be the deal of the century for the Spurs to leave in the next 15 years.
How so? The Spurs are losing money yearly.

[DPG21920]

How so? The Spurs are losing money yearly.

That is false. The only team to lose money was CLE. Every other team not only turned a profit but grew the value of their franchise. Been that way for a while now.

[Pavlov]

How so? The Spurs are losing money yearly.Except they aren't.

[DPG21920]

https://www.forbes.com/sites/kurtbadenhausen/2018/02/07/nba-team-values-2018-every-club-now-worth-at-least-1-billion/#6a6c2c357155

[MoSpur02]

The team isn’t gonna be sold. Peter wasn’t really the “owner.” His ex is the one with the money. Always has been.

[ElNono]

That is false. The only team to lose money was CLE. Every other team not only turned a profit but grew the value of their franchise. Been that way for a while now.

14 teams lost money last year...

https://www.sbnation.com/2017/9/19/16334596/nba-teams-losing-money-revenue-profits-why-matters

But, it is more complicated than that...

[ElNono]

And the Spurs did technically lose money after revenue sharing...

As reported, the teams that were listed as being in the red are: Atlanta, Brooklyn, Charlotte, Detroit, Indiana, Memphis, Milwaukee, Minnesota, New Orleans, Orlando, Phoenix, Portland, Sacramento, and Washington.

The league’s revenue sharing model is complicated, based on teams coming ahead or behind revenue expectations. After revenue sharing, seven teams still reported an operating loss, while two more were added due to their contributions to the revenue share: the Cavaliers and the Spurs.

[daslicer]

That is false. The only team to lose money was CLE. Every other team not only turned a profit but grew the value of their franchise. Been that way for a while now.

Good job exposing this troll. It seems like most of these trolls have only 2 shticks which is "Kawhi will leave and I hope he does leave. Fuck RC and Pop." and the second one is "The Spurs are going to move to Seattle."

[DPG21920]

And the Spurs did technically lose money after revenue sharing...

As reported, the teams that were listed as being in the red are: Atlanta, Brooklyn, Charlotte, Detroit, Indiana, Memphis, Milwaukee, Minnesota, New Orleans, Orlando, Phoenix, Portland, Sacramento, and Washington.

The league’s revenue sharing model is complicated, based on teams coming ahead or behind revenue expectations. After revenue sharing, seven teams still reported an operating loss, while two more were added due to their contributions to the revenue share: the Cavaliers and the Spurs.

From those I have seen, the Forbes valuations are the ones that are widely accepted.

[vy65]

The Forbes valuations reflect what we already know:


If the Lakers can make money even in the worst circumstances, then penalties like the luxury tax shouldn’t hurt them. The luxury tax is supposed to prevent teams from spending over the cap to acquire talent, but Los Angeles can do that much more freely than a team like Memphis or New Orleans.

There’s already an inherent advantage to be a large market team, especially in extremely marketable cities like Los Angeles or New York. If market size remains the biggest factor in a team’s profitability — not team success or smart business decisions — then small market teams will constantly remain handicapped in attempts to add talent.

[exstatic]

The Holts, one or the other, have been the Managing partner of the consortium that own the Spurs. That could change, even if there is no sale. Say they own 35%, the largest share. Post divorce, they would each own 17.5%. If some owned 20%, they would become the managing partner.

[ElNono]

From those I have seen, the Forbes valuations are the ones that are widely accepted.

Well, they're two different things. You have certain value, whether you make money or not. Assets, outlook, etc.

They technically lost money last year, but the outlook for owning an NBA franchise is still good.

[Leetonidas]

A team relocating is so rare I have no idea why people would legitimately be worried about this :lol if anything someone else may buy the majority stake in the spurs. But I doubt the spurs will be leaving SA any time soon.

[DAF86]

Franchises moving cities and changing names is easily the worst thing about US sports. If you tried that shit on soccer teams down here, shit would go down.

[Trill Clinton]

http://i717.photobucket.com/albums/ww173/prestonjjrtr/Smileys/SleepAlarmClock03.gif (http://s717.photobucket.com/user/prestonjjrtr/media/Smileys/SleepAlarmClock03.gif.html)

https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce (https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce)

[daslicer]

A team relocating is so rare I have no idea why people would legitimately be worried about this :lol if anything someone else may buy the majority stake in the spurs. But I doubt the spurs will be leaving SA any time soon.

If the Spurs relocated it would be a huge black eye for league and pretty demoralizing for all small market teams. A small market team that has won 5 championships in 20 years with a lot of history suddenly moves would send a message that no matter how much you win there is no way you can be a successful franchise in a small market. It would have terrible repercussions for the league. I have a hard time believing the league would allow the Spurs to move from SA.

[vy65]

http://i717.photobucket.com/albums/ww173/prestonjjrtr/Smileys/SleepAlarmClock03.gif (http://s717.photobucket.com/user/prestonjjrtr/media/Smileys/SleepAlarmClock03.gif.html)

https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce (https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce)

What else was she gonna say after the news about the divorce came out?

[TheDoctor]

http://i717.photobucket.com/albums/ww173/prestonjjrtr/Smileys/SleepAlarmClock03.gif (http://s717.photobucket.com/user/prestonjjrtr/media/Smileys/SleepAlarmClock03.gif.html)

https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce (https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce)

:tu

[DPG21920]

Well, they're two different things. You have certain value, whether you make money or not. Assets, outlook, etc.

They technically lost money last year, but the outlook for owning an NBA franchise is still good.

I think Forbes reported all teams made money just not valuation. Except for CLE. They looked at how teams report certain things to ascertain which teams made money vs just reporting a certain way that may look like a loss.

[DPG21920]

http://i717.photobucket.com/albums/ww173/prestonjjrtr/Smileys/SleepAlarmClock03.gif (http://s717.photobucket.com/user/prestonjjrtr/media/Smileys/SleepAlarmClock03.gif.html)

https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce (https://www.ksat.com/sports/the-franchise-is-safe-chairman-of-san-antonio-spurs-speaks-out-after-filing-for-divorce)

What you hearing about Kawhi

[ElNono]

I think Forbes reported all teams made money just not valuation. Except for CLE. They looked at how teams report certain things to ascertain which teams made money vs just reporting a certain way that may look like a loss.

Supposedly the news came from here: http://www.espn.com/nba/story/_/id/20747413/a-confidential-report-shows-nearly-half-nba-lost-money-last-season-now-what

It could also be the league throwing this shit to get ready for the next CBA discussions, tbh...

[objective]

Eh, I wouldn't go full McCourt just yet. The Holt's are principal shareholders but I've never seen them referred to as majority shareholders. It should be easier to divide the shares if it comes to that. Given the advanced ages of both, I wonder if they just transfer to their heirs as is probably laid out in their wills anyway.

True, I had forgotten they only owned about a third

[offset formation]

Time to move on from this disjointed organization kawhi.

Lead the way, fucker. Get bent with your aunt and STFU!

[ElNono]

Lead the way, fucker. Get bent with your aunt and STFU!

:lmao

[JFK]

What else was she gonna say after the news about the divorce came out?

Greg Simmons to the rescue. He calms everyone’s fears. We are safe.

[Pavlov]

Supposedly the news came from here: http://www.espn.com/nba/story/_/id/20747413/a-confidential-report-shows-nearly-half-nba-lost-money-last-season-now-what

It could also be the league throwing this shit to get ready for the next CBA discussions, tbh...Do they use only basketball operations for those calculations? The whole point of the AT&T Center lease is to give SS&E more revenue streams through booking it the rest of the year.

[ElNono]

Do they use only basketball operations for those calculations? The whole point of the AT&T Center lease is to give SS&E more revenue streams through booking it the rest of the year.

It's all explained in that article, but I gather it's Spurs-related only. Basically, if you take net income, pre-revenue sharing, they were in the black. Once they had to pay their share of revenue-sharing, they were in the red. But, wait, there's more. The NBA cooks the books (kidding, but I'm sure there's some reason for this) so 'operating income' don't have to include debt obligations. Under the last criteria, then the Spurs were in the black again.

[TheGreatYacht]

My nigga Dejounte just said he wants the Sonics back and showed off his Sonics shorts on his IG story.

RC Drunkford completely ruined the franchise's future, and fans aren't showing up to games.... the team moving is inevitable. These fat necks didn't show up when we had 60-win seasons and they didn't even bother to show up during Duncan's LAST home game.

With president Trump making this country great again and kicking out the illegal Manu fans, attendance will only get worse. The city of San Antonio can keep their barbacoa and big red. Kawhi needs real fans.

[tholdren]

The real question is... is holts wife hot?

[LakerHater]

The real question is... is holts wife hot?
https://s.hdnux.com/photos/67/47/70/14581263/27/1024x1024.jpg

[tholdren]

Gross

[Ed Helicopter Jones]

That is false. The only team to lose money was CLE. Every other team not only turned a profit but grew the value of their franchise. Been that way for a while now.

Facts like these really won't help the doom and gloom set around here...although they'll just ignore that anyway. Kawhi is leaving because he's unhappy and the team is moving to Seattle because SA can't support them. It's already been decided.

[ECOV]

My nigga Dejounte just said he wants the Sonics back and showed off his Sonics shorts on his IG story.

RC Drunkford completely ruined the franchise's future, and fans aren't showing up to games.... the team moving is inevitable. These fat necks didn't show up when we had 60-win seasons and they didn't even bother to show up during Duncan's LAST home game.

With president Trump making this country great again and kicking out the illegal Manu fans, attendance will only get worse. The city of San Antonio can keep their barbacoa and big red. Kawhi needs real fans.
your the best example lol

[DMC]

Holt is a white nationalist oligarch that treated his wife like an objectified piece of meat to further the agenda of racist white males everywhere while still being a slave-owner. /typical batshit boots post.

BigBasketball

[Chucho]

https://s.hdnux.com/photos/67/47/70/14581263/27/1024x1024.jpg

There's something really wrong with his son. He looks like a man child.

[BackHome]

Why is she wearing sun glasses in doors?

[jermaine]

Look at that bitches hand!!!! Omg, day of the dead looking ass shit. I'm afraid for my wife. She's white an white people don't age well.

[dbestpro]

The real question is... is holts wife hot?

Not now, but we should probably wait till after the surgery.

[Dancelot]

https://s.hdnux.com/photos/67/47/70/14581263/27/1024x1024.jpg
Daughter is smashable.

[spurraider21]

Daughter is smashable.
calm down, fabbs

[SpurPadre]

Here I go with the obligatory and obvious: TP fucked her, tbh.

[Dingle Barry]

Look at that bitches hand!!!! Omg, day of the dead looking ass shit. I'm afraid for my wife. She's white an white people don't age well.

:rollin

[tholdren]

Not now, but we should probably wait till after the surgery.

Yep

[DPG21920]

Sauces: hearing some rumors that the team is being shopped. Nothing imminent, nothing about the team relocating or anything like that, but quietly being shopped.

[Allan Rowe vs Wade]

Why is she wearing sun glasses in doors?

fuckin boss

[TimmyBuckets]

Sauces: hearing some rumors that the team is being shopped. Nothing imminent, nothing about the team relocating or anything like that, but quietly being shopped.

Wow that sucks. One of the oldest teams in NBA with a rich history. Feels like after the divorce, a lot went downhill.

[Dverde]

Sauces: hearing some rumors that the team is being shopped. Nothing imminent, nothing about the team relocating or anything like that, but quietly being shopped.

They should use Century 21 to sell the building. Nice homage to Timmy.

[exstatic]

The initial lease on the building runs through 2027, and is airtight, no relocation allowed. The Spurs are not even allowed to play more than two home games outside of Bexar County. That lease was also extended for the $100M or so in renovations, for either five or ten years. Anyway, at a minimum, they're locked in until 2032 or maybe even 2037. If you think that isn't a thing, I suggest you research the Tampa Rays MLB franchise. They've been trying to get out of their lease for years, and can't.

https://law.marquette.edu/assets/sports-law/pdf/lease-summary-san-antonio-spurs.pdf

[vy65]

The Rays had a lease buyout plan approved in 2015 for $33 million


The St. Petersburg City Council laid out a path for the Tampa Bay Rays to leave Tropicana Field in 2020 for upwards of $33 million, but it’s not clear whether team owners will take the proposal seriously.

In a 5-to-3 vote, a Rays lease buyout plan from Council member Jim Kennedy was approved. The plan would set up a structure for how much the Rays would pay under different scenarios, including up to $4 million for each year remaining in the Tropicana Field lease and different development fees (nothing for a new St. Pete ballpark, $2.5 million for a new ballpark elsewhere in Pinellas County and $5 million for a Hillsborough County ballpark) depending on the ballpark location. In addition, the team would pay toward demolition of Tropicana Field lease.

https://ballparkdigest.com/2015/10/23/st-pete-rays-could-leave-by-2020-for-33m/

Given NBA franchise valuations, it's easy to see double or triple this amount being offered to Bexar County. Of course, the County would have to agree to a buyout - which probably would be a tall order - but it's also not hard to see a group of investors from Seattle or Austin making a play for the Spurs.

[BackHome]

Dude Seattle is all screwed up with Antifa liberals they trying to tax everything to pay for homeless people, free college, and free housing. The city is going broke no way in Hell can they afford to buy the Spurs.

[SpursDynasty85]

Dude Seattle is all screwed up with Antifa liberals they trying to tax everything to pay for homeless people, free college, and free housing. The city is going broke no way in Hell can they afford to buy the Spurs.

It's not the city that buys the Spurs but private investors.

[TheGreatYacht]

Dude Seattle is all screwed up with Antifa liberals they trying to tax everything to pay for homeless people, free college, and free housing. The city is going broke no way in Hell can they afford to buy the Spurs.
How are the inbred states doing? Dem coal jobs come back yet?

[sasaint]

The Rays had a lease buyout plan approved in 2015 for $33 million



https://ballparkdigest.com/2015/10/23/st-pete-rays-could-leave-by-2020-for-33m/

Given NBA franchise valuations, it's easy to see double or triple this amount being offered to Bexar County. Of course, the County would have to agree to a buyout - which probably would be a tall order - but it's also not hard to see a group of investors from Seattle or Austin making a play for the Spurs.

AUSTIN?!

[Pavlov]

The Rays had a lease buyout plan approved in 2015 for $33 million



https://ballparkdigest.com/2015/10/23/st-pete-rays-could-leave-by-2020-for-33m/

Given NBA franchise valuations, it's easy to see double or triple this amount being offered to Bexar County. Of course, the County would have to agree to a buyout - which probably would be a tall order - but it's also not hard to see a group of investors from Seattle or Austin making a play for the Spurs.Yeah, the Tampa Bay Rays are moving to....






....Tampa Bay.



The thing about the Trop is it's a dump. ATT is nice enough and the lease is great for whoever owns the team. I wouldn't expect any serious talk of a move until the lease is up.

[Ice009]

Wouldn't now be the time to sell high? I mean, if the Spurs aren't going to be legit contenders like they have been for so long, wouldn't the value of the franchise start decreasing? I'm assuming if you want to cash out, now might be the best time to do it.

[Seventyniner]

Wouldn't now be the time to sell high? I mean, if the Spurs aren't going to be legit contenders like they have been for so long, wouldn't the value of the franchise start decreasing? I'm assuming if you want to cash out, now might be the best time to do it.

If timing is an issue, definitely sell before Pop leaves.

[vy65]

Yeah, the Tampa Bay Rays are moving to....






....Tampa Bay.



The thing about the Trop is it's a dump. ATT is nice enough and the lease is great for whoever owns the team. I wouldn't expect any serious talk of a move until the lease is up.

Wasn't commenting other than to show that the Rays had negotiated a framework for a lease buyout at a price tag that wouldn't be prohibitive for a potential buyer.

I wasn't exactly suggesting that the Spurs leave SA. But I think that a move north makes a lot of sense given how the city has grown over the past decade or so. And I think there's a logic to locating them in San Marcos - similar to what the Pistons have in Auburn Hills.

[baseline bum]

How are the inbred states doing? Dem coal jobs come back yet?

:lol

[vy65]

Dude Seattle is all screwed up with Antifa liberals they trying to tax everything to pay for homeless people, free college, and free housing. The city is going broke no way in Hell can they afford to buy the Spurs.

Cities don't own NBA teams you mouthbreather

[Pavlov]

I wasn't exactly suggesting that the Spurs leave SA. But I think that a move north makes a lot of sense given how the city has grown over the past decade or so. And I think there's a logic to locating them in San Marcos - similar to what the Pistons have in Auburn Hills.Had.

They're back downtown.

Austin has a couple of sites that could work for a new arena if they aren't developed in the meantime, but the city is never going to give the kind of deal the Spurs currently have with Bexar County. Austin is currently bending over the guy who's trying to move an MLS team here.

[vy65]

Had.

They're back downtown.

Austin has a couple of sites that could work for a new arena if they aren't developed in the meantime, but the city is never going to give the kind of deal the Spurs currently have with Bexar County. Austin is currently bending over the guy who's trying to move an MLS team here.

Fair enough. I also don't see Hays County coughing up a sweet bonus package either.

[DPG21920]

Again, nothing in what I heard mentioned the team moving. Just that there may be new owners. Not saying that the team can’t/won’t be moved but I don’t think that is a legit concern at the moment.

[RD2191]

Spurs are done tbh. End of an empire.

[lmbebo]

Maybe this is just to try and get an evaluation for the divorce proceedings?

[FkLA]

Bro if the Spurs move I'm leaving SA. Srs.

[SpursforSix]

Spurs are done tbh. End of an empire.

Bend over, I'll fucking show you the end of an empire.

[SpursforSix]

Maybe this is just to try and get an evaluation for the divorce proceedings?

Bend over, I'll fucking show you divorce proceedings.

[SpursforSix]

Fair enough. I also don't see Hays County coughing up a sweet bonus package either.

Bend over, I'll fucking show you a sweet bonus package.

[gambit1990]

Bro if the Spurs move I'm leaving SA. Srs.
:lol

your life literally hinging on a sports team.

[cd98]

I've heard reports that part of the reason Kawhi didn't get offered the supermax were complications from the divorce. Not sure how they are tied, but it might have been a money issue. That's a reason to sell the team to wealthier investors. That said, if it's for sale, there will be a ton of bidders, so it's not something that will be secret for long, if true.

[Maj_G]

I've heard reports that part of the reason Kawhi didn't get offered the supermax were complications from the divorce. Not sure how they are tied, but it might have been a money issue. That's a reason to sell the team to wealthier investors. That said, if it's for sale, there will be a ton of bidders, so it's not something that will be secret for long, if true.

Good point! If the Spurs are for sale, it would make sense not to go on full re-build and try to make the playoffs.

[RD2191]

Bend over, I'll fucking show you the end of an empire.

:wakeup

[SpursDynasty85]

I've heard reports that part of the reason Kawhi didn't get offered the supermax were complications from the divorce. Not sure how they are tied, but it might have been a money issue. That's a reason to sell the team to wealthier investors. That said, if it's for sale, there will be a ton of bidders, so it's not something that will be secret for long, if true.

I doubt the SuperMax would ever be on the table without more communication between them and Kawhi. It's what DRob and alot of other peeps have been hinting at. "We will give you the SuperMax but you have to act like a true Spurs spokesperson on and off the court and be a willing and happy camper." Dude started to act like he deserves the Supermax just because he's good. Big gamble for nearly 40% of your payroll for the Spurs. Not to mention if he is injured. In hindsight it was the right call because look how fragile he looked because of this mysterious injury. Spurs dodged a huge bullet. But I do wish the best for Kawhi. Hope he becomes a better man.

[SpursforSix]

:wakeup

I was just warming up.

[Ocotillo]

Don't the Spurs have multiple owners? I was thinking the Holts only owned something in the 30s percent of the team. I had been thinking they would be selling off their share or at least part of it with the divorce. What would happen is a new Chairman would be put in place.

[Pavlov]

Don't the Spurs have multiple owners? I was thinking the Holts only owned something in the 30s percent of the team. I had been thinking they would be selling off their share or at least part of it with the divorce. What would happen is a new Chairman would be put in place.Yup, that was almost a given once the divorce papers were filed, despite their protests.

From February:


While the Holts’ net worth isn’t publicly reported, the couple are believed to own about 40 percent of the team, which, if accurate, would mean their share of the Spurs is valued at about $620 million.

https://www.expressnews.com/spurs-nation/article/Spurs-owners-are-divorcing-what-does-that-mean-12607592.php

So unless other owners sell also or agree with new owners bent on moving, the Spurs aren't even going to try to go anywhere else during the lease.

[cd98]

Yup, that was almost a given once the divorce papers were filed, despite their protests.

From February:



https://www.expressnews.com/spurs-nation/article/Spurs-owners-are-divorcing-what-does-that-mean-12607592.php

So unless other owners sell also or agree with new owners bent on moving, the Spurs aren't even going to try to go anywhere else during the lease.

Yes, Holts are the majority owners. But if 40% of the ownership, which is the majority by far, says they want out, it's got to put pressure on all the other minority owners.

[vy65]

New ownership holding 40% of the franchise could incentivize other owners to sell. Or new ownership might want a controlling bloc, and offer a premium on the Holt's shares + 11%.

[OldMan88]

By definition, majority ownership requires 50% + 1 share of ownership. The Holts have the “controlling” interest.

If memory serves, the Spurs are a limited partnership and with the Holts owing the controlling interest, Julianna Holt is the General Partner and therefore runs the show. I think this is correct, but if not, please correct.

[Chinook]

Yes, Holts are the majority owners. But if 40% of the ownership, which is the majority by far, says they want out, it's got to put pressure on all the other minority owners.

Plurality owners. I only bring that up because I remember there being a mildly entertaining debate about that a few years ago.

[Pavlov]

Yes, Holts are the majority owners. But if 40% of the ownership, which is the majority by far, says they want out, it's got to put pressure on all the other minority owners.lol this misunderstanding again

[MaNu4Tres]

Peter has some stuff he's working on. God bless him and his family.

[BD24]

Why do stupid fucks keep talking about the team moving :lol

San Antonio had the most growth of any US city in 2017. Carry on with the stupid shit though:lol

[goliath]

I don’t know why people keep trying to float relocation rumors or relocation possibilities. The Spurs have a lease with the county that calls for no relocation. There is no buy out in the lease. The lease terms are great for the team. The Spurs just extended the lease two years ago to get a $100 million renovation on the att center. The lease runs at least thru 2032 if not 2037.

But yeah, sure, they are going to move to Seattle or Austin. Lol.

[Das Texan]

Good maybe season ticket holders can stop getting bent over with new ownership.
Cant be any worse.

[CosmicCowboy]

SA Sports is an LLC. They dont have to sell because of the divorce. They can just split the ownership of their share. They have plenty of other money/interests with Cat dealership and stock.

[BackHome]

Fair enough. I also don't see Hays County coughing up a sweet bonus package either.

But cities don’t buy NBA teams

[vy65]

But cities don’t buy NBA teams

You really don’t know how any of this works, do you?

[Othyus Lalanne]

Bro if the Spurs move I'm leaving SA. Srs.

If Bush is elected i am moving to Canada.

[Extra Stout]

JHH probably will sell her stake.
The Spurs aren’t going anywhere. It’s not 1998 anymore.

[Perry Mason]

You really don’t know how any of this works, do you?

No, he doesn’t, but his point about Seattle very much applies to Seattle’s willingness to pay for the corporate welfare, stadiums etc. that all teams demand. Your insults are cute but belie your dumbass politics.

[YGWHI]

Selling doesn't mean moving. Stop the panic :lol


I've heard reports that part of the reason Kawhi didn't get offered the supermax were complications from the divorce. Not sure how they are tied, but it might have been a money issue. That's a reason to sell the team to wealthier investors. That said, if it's for sale, there will be a ton of bidders, so it's not something that will be secret for long, if true.

I've posted that the rumors about the Spurs having issues to offer the supermax started in 2017. It was about the uncertainty of Spurs' future.
The supermax was a 5 years contract, Pop would coach just the first year of those 5 years, we can imagine how hard would it be for PATFO to sell this contract to the owners without Pop in next years while 35% of cap is about just one player, Holts are in the middle of a divorce, the small market thing...That contract was never going to happen.

[Perry Mason]

Spurs are owned by Spurs Sports and Entertainment LLC, if I recall correctly. Holt family company owned only 10-15% at one time; I suppose this may have increased to as high as 40% over time from buyouts.

This would be a plurality (the correct term), but either the Holt entity serves as the Managing Member, or Peter / his wife is the CEO of SSE. Or both. I’m sure the other members have voting rights for big decisions.

The other owners include several Texas and national businesses that have a longstanding active presence in SA. In some ways, the “town” owns the team.

A change of ownership would be sad if only because all great teams start at the top. Most lead owners would not be as talented or dedicated, or conscientious, as the Holts. But who knows. Maybe Cuban can buy them out. Unlike many here I think he is a great owner.

[Ice009]

Can a current owner buy another team? Is that allowed?

[exstatic]

Can a current owner buy another team? Is that allowed?

No.

[Ocotillo]

If Seattle were looking for a team why wouldn't the Clippers make sense for them. Isn't Balmer a Pacific Northwest guy? LA has two teams already and they will always no matter the team records be in the shadow of the Lakers.

[vy65]

No, he doesn’t, but his point about Seattle very much applies to Seattle’s willingness to pay for the corporate welfare, stadiums etc. that all teams demand. Your insults are cute but belie your dumbass politics.

What does saying a group of investors from Seattle might have interest in the spurs have to do with “dumbass politics?”

[Larry O]

BREAKING NEWS: According to local SA sports radio, Ticket 760, the Holt children will be taking over the Spurs Sports Entertainment business from their parents. I'm sure more will come with this news.

[gambit1990]

https://www.ksat.com/sports/peter-j-holt-appointed-spurs-chairman-and-co-ceo-succeeds-mother-in-role

[ace3g]

https://twitter.com/spurs/status/1111746846442090497

[Robz4000]

:depressed Spurs are becoming the Lakers

[baseline bum]

https://twitter.com/spurs/status/1111746846442090497

So are they our Jimmy and Jeannie?

[J_Paco]

So are they our Jimmy and Jeannie?

I doubt we'll get all the in - fighting and "L.A. drama" involving the Buss family. And I doubt they'll be as involved with the roster constructing.

[TDMVPDPOY]

do they own majority of the spurs? or just selected by the shareholders cause nobody gives 2fcks about being in management?

[MoSpur02]

Told y'all a small change was coming.

[bluebellmaniac]

https://twitter.com/spurs/status/1111746846442090497

If she can palm a ball with those hands, maybe we have our next PG too.

[MultiTroll]

blah blah blah
a) print out report about Holt relatives continuing on and loving and staying in San Antonio.
b) insert in arse.
c) twist

[ElNono]

Pampered kids receiving all the wealth from mommy and daddy... just another day in America...

[ElNono]

Wonder if Pop is going to complain the team doesn't go to racial minority owners...

[BackHome]

Seattle has a become a drug infested shit whole and only getting worse.

[offset formation]

BREAKING NEWS: According to local SA sports radio, Ticket 760, the Holt children will be taking over the Spurs Sports Entertainment business from their parents. I'm sure more will come with this news.

Probably what MoSpur referenced a couple weeks back

[offset formation]

a) print out report about Holt relatives continuing on and loving and staying in San Antonio.
b) insert in arse.
c) twist

[offset formation]

Told y'all a small change was coming.

Lol. Just saw this.

:bobo

Nobody can ever doubt you again.

[offset formation]

Wonder if Pop is going to complain the team doesn't go to racial minority owners...

Sounds like someone needs to get over themselves...

[spurs1990]

Good looking couple. Franchise is in good hands God willing

[RC_Drunkford]

Spurs getting younger all around

[MoSpur02]

Lol. Just saw this.

:bobo

Nobody can ever doubt you again.

:bobo

It was decided a long time ago, but they had to get approval. I like this move. They're both good people and I think the Spurs will be in good hands for a long time. I just hope they are a little (not a lot) more involved than Julianna.

[ZeusWillJudge]

Pampered kids receiving all the wealth from mommy and daddy... just another day in America...


I don't know Corinna, but Peter Jr. is a damn solid man, and he's been trained to be a leader since he was a boy. The Holt family does a LOT of philanthropic work, and the kids were raised to appreciate that side of the family fortune.

I'm sure you're just trying to say something important, and the comment is nothing more than ignorance. But it's ignorant. Carlos Bulgheroni was worth, what, 30 times as much as Holt? Or do you think he didn't leave any wealth to his children?

[spurs1990]

I don't know Corinna, but Peter Jr. is a damn solid man, and he's been trained to be a leader since he was a boy. The Holt family does a LOT of philanthropic work, and the kids were raised to appreciate that side of the family fortune.

I'm sure you're just trying to say something important, and the comment is nothing more than ignorance. But it's ignorant. Carlos Bulgheroni was worth, what, 30 times as much as Holt? Or do you think he didn't leave any wealth to his children?

He was being sarcastic, evidenced by his very next post.

[MoSpur02]

I don't know Corinna, but Peter Jr. is a damn solid man, and he's been trained to be a leader since he was a boy. The Holt family does a LOT of philanthropic work, and the kids were raised to appreciate that side of the family fortune.

I'm sure you're just trying to say something important, and the comment is nothing more than ignorance. But it's ignorant. Carlos Bulgheroni was worth, what, 30 times as much as Holt? Or do you think he didn't leave any wealth to his children?

I can vouch for this. Those two are very humble despite buying well off. If you met them and didn't know who they were you wouldn't know that they're well off. They're very good people. The franchise is in very good hands.

[cjw]

Good looking couple. Franchise is in good hands God willing

This is Texas, not Mississippi...

[boutons_deux]

This is Texas, not Mississippi...

both are near the end of the shithole continuum

[ElNono]

I don't know Corinna, but Peter Jr. is a damn solid man, and he's been trained to be a leader since he was a boy. The Holt family does a LOT of philanthropic work, and the kids were raised to appreciate that side of the family fortune.

I'm sure you're just trying to say something important, and the comment is nothing more than ignorance. But it's ignorant. Carlos Bulgheroni was worth, what, 30 times as much as Holt? Or do you think he didn't leave any wealth to his children?

Ironically, Carlos Bulgheroni died in Washington, DC...

[alamo50]

If she can palm a ball with those hands, maybe we have our next PG too.

:rollin

[ZeusWillJudge]

I'm at a fundraiser tonight and Juliana's table is right next to us. I'll get a chance to ask a couple of questions before the night is over.

[ZeusWillJudge]

both are near the end of the shithole continuum

Hilarious, coming from a fucking Frog. How's that yellow vest fit?

[ZeusWillJudge]

I'm at a fundraiser tonight and Juliana's table is right next to us. I'll get a chance to ask a couple of questions before the night is over.

Actually had the conversation with someone else at their table. The move was well planned out, and no surprise to anyone inside the organization. The Spurs' are in good hands, and not going anywhere in the foreseeable future. I didn't pick up a hint of any sort of reluctance or BS being spun.

[acoelho1]

Pampered kids receiving all the wealth from mommy and daddy... just another day in America...

It’s better than those looking for handouts or stealing income through taxes.

[ElNono]

It’s better than those looking for handouts or stealing income through taxes.

Is it now? That the Christian thing to do?

[ZeusWillJudge]

Is it now? That the Christian thing to do?

Is looking for handouts the Christian thing to do? I never really thought about it that way, until you asked.

The Pope is Argentine, isn't he? And most of the people streaming in are Roman Catholic. I never saw it before, but you're exactly right.

[ElNono]

Is looking for handouts the Christian thing to do? I never really thought about it that way, until you asked.

The Pope is Argentine, isn't he? And most of the people streaming in are Roman Catholic. I never saw it before, but you're exactly right.

Couldn't care less where the Pope's from, I haven't lived in Argentina for over 20 years. Thou shalt not steal sounds pretty clear cut, IMO, whether you're rich, poor, black or white.

And, to be fair, Jesus promoted giving and sharing with the poor and needy. Supply-side Jesus is the one promoting the handouts to them rich folks.

[ismael-robert]

But He didn't promote staying poor. You get the help you need in emergency to get back on feet n get back to work...he who doesn't work doesn't eat.

[DPG21920]

Told y'all a small change was coming.

Yup. You called it

[cd98]

Actually had the conversation with someone else at their table. The move was well planned out, and no surprise to anyone inside the organization. The Spurs' are in good hands, and not going anywhere in the foreseeable future. I didn't pick up a hint of any sort of reluctance or BS being spun.

That's great except if they were planning on sending the franchise to Seattle, I doubt they would have told a stranger at dinner fundraiser.

[ZeusWillJudge]

That's great except if they were planning on sending the franchise to Seattle, I doubt they would have told a stranger at dinner fundraiser.


LOL. Find a way to get on the guest list for that event next year, then come back and talk to me. My company was the lead sponsor.

I said what I said. You believe what you want.

[acoelho1]

Is it now? That the Christian thing to do?

It's one thing to donate your time and money out of your own volition. It's quite another when you are threatened with jail time and men with guns if you don't fork over 40% of your income, which the bulk of that money is government waste. Also, as a Christian, I take Jesus's words in Matthew when I think about taxes.

Matthew 22:22
They say unto him, Caesar's. Then saith he unto them, Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's.

[Proxy]

lol quoting the bible to talk economics

[exstatic]

lol quoting the bible to talk economics

Prosperity gospel, in a nutshell.

[Ed Helicopter Jones]

If she can palm a ball with those hands, maybe we have our next PG too.

:lol

I thought the same thing. If she and Kawhi hooked up their children's hands would make a basketball look like a tangelo.

[ismael-robert]

Actually the Bible is a great book for economics n following its principles would keep anyone out of financial ruin...google Bible and economics...theres institutions and PhD lead articles, seminars, etc

[bluebellmaniac]

:lol

I thought the same thing. If she and Kawhi hooked up their children's hands would make a basketball look like a tangelo.

:lol

[benefactor]

:lol bible

[ismael-robert]

Lol cant do honest research