Spurs org changes. More power for Holt - Dell a min owner?

[lmbebo]

https://twitter.com/tom_orsborn/status/1406014190800809985

[Flawless]

So is this a good or bad thing?

[Dejounte]

So is this a good or bad thing?


https://youtu.be/79jExIag1ZE

[LCM]

Sixth Street looks like a private equity fund with headquarters in Frisco, but offices in Dallas and Houston. Dell is big around Austin. Could this be a move to put more capital into Spurs, and push the franchise more toward getting Austin business interests involved with the Spurs??

No knowledge just asking questions.

[ace3g]

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger)
Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger

1h (https://twitter.com/mikefinger/status/1406015229981569024) OK, I can translate this for everybody. Basically a bunch of minority owners wanted to cash out, because the valuation of the team had skyrocketed, and Dell/Sixth Street bought the shares from them.

(https://twitter.com/mikefinger)

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg

Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger
1h (https://twitter.com/mikefinger/status/1406015662879907840) There were 22 investors before. Now there are about 12. But an important result of this is Peter John Holt now is the exclusive authority. No more committee. What Holt says goes.



https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger) Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger


One of the minority owners who remain: David Robinson.
5:29pm · 18 Jun 2021 (https://twitter.com/mikefinger/status/1406016340914327555) · Tweetbot for iΟS

(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels) Mike Finger Mikefinger
(https://twitter.com/mikefinger) 1h (https://twitter.com/mikefinger/status/1406017641375055877)
Was told Popovich and RC are fully on board. And theoretically this could be better for them because if they want to do something, they just need one Holt’s go-ahead, instead of the old committee.



(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels)

[slick'81]

what does it all mean?:lol

[Dejounte]

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger)
Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger

1h (https://twitter.com/mikefinger/status/1406015229981569024) OK, I can translate this for everybody. Basically a bunch of minority owners wanted to cash out, because the valuation of the team had skyrocketed, and Dell/Sixth Street bought the shares from them.

(https://twitter.com/mikefinger)

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg

Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger
1h (https://twitter.com/mikefinger/status/1406015662879907840) There were 22 investors before. Now there are about 12. But an important result of this is Peter John Holt now is the exclusive authority. No more committee. What Holt says goes.



https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger) Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger


One of the minority owners who remain: David Robinson.
5:29pm · 18 Jun 2021 (https://twitter.com/mikefinger/status/1406016340914327555) · Tweetbot for iΟS (https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels)

It’s good if PATFO and the Holts have a good relationship and now they can pursue things without asking for the permission of 21 others.

[Allan Rowe vs Wade]

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger)
Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger

1h (https://twitter.com/mikefinger/status/1406015229981569024) OK, I can translate this for everybody. Basically a bunch of minority owners wanted to cash out, because the valuation of the team had skyrocketed, and Dell/Sixth Street bought the shares from them.

(https://twitter.com/mikefinger)

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg

Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger
1h (https://twitter.com/mikefinger/status/1406015662879907840) There were 22 investors before. Now there are about 12. But an important result of this is Peter John Holt now is the exclusive authority. No more committee. What Holt says goes.



https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger) Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger


One of the minority owners who remain: David Robinson.
5:29pm · 18 Jun 2021 (https://twitter.com/mikefinger/status/1406016340914327555) · Tweetbot for iΟS

(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels) Mike Finger Mikefinger
(https://twitter.com/mikefinger) 1h (https://twitter.com/mikefinger/status/1406017641375055877)
Was told Popovich and RC are fully on board. And theoretically this could be better for them because if they want to do something, they just need one Holt’s go-ahead, instead of the old committee.



(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels)

good tweets

[slick'81]

I can only assume a holt having move power in sa is a good thing

[K...]

what does it all mean?:lol

it means the management tree is pretty slim with just wright and baby holt now in charge. Expect a weak coach, and pop and buford in the shadows.

also makes the team easier to sell, but still not easy. The biggest thing keeping spurs here is the arena lease fwiw not ownership.

[Ditty]

it means the management tree is pretty slim with just wright and baby holt now in charge. Expect a weak coach, and pop and buford in the shadows.

also makes the team easier to sell, but still not easy. The biggest thing keeping spurs here is the arena lease fwiw not ownership.

The narrative that the Spurs are so upset being in SA with a great arena situation and an amazing local fan base is one of the most ridiculous things I’ve ever heard. They are not going anywhere in our lifetime.

[exstatic]

it means the management tree is pretty slim with just wright and baby holt now in charge. Expect a weak coach, and pop and buford in the shadows.

also makes the team easier to sell, but still not easy. The biggest thing keeping spurs here is the arena lease fwiw not ownership.

Why do people think that Pop is staying on? He’s already sold his house here, and has had one foot out the door for close to two years.

[K...]

Why do people think that Pop is staying on? He’s already sold his house here, and has had one foot out the door for close to two years.

pop will come to practice and he'll take the calls from wright and the new coach, that's about it

[playblair]

austin here we come & its very welcomed............no more not being able to no sign free agents.......spurs will be the go to free agent market now along with miami/ny/la

[Trill Clinton]

I can only assume a holt having move power in sa is a good thing

Yup

[cjw]

Sixth Street is private equity money (used to be part of TPG), but of the people you meet in that business, they’re among the nicest / most honest. For whatever that’s worth.

[ducks]

Holt gives money to republicans
He can tolerate liberals like pop
But has no balls to fire him for his bad coaching

[spurs1990]

If anyone remembers this younger Holt was the euphoric kid repping Stephen Jackson courtside during that clinching game 6 vs your Dallas Mavericks in 2003 WCF. The one where Jax and Kerr turned the game around with dagger 3s in the 4th.

[Rummpd]

Not going to matter in least with terrible FO and retired in place coach

[D-Robinson 50 fan]

Seen this on the news.

I figure with Dell involved it should theoretically be a good thing for keeping the team in San Antonio or Texas as a whole.

[KingKev]

If anyone remembers this younger Holt was the euphoric kid repping Stephen Jackson courtside during that clinching game 6 vs your Dallas Mavericks in 2003 WCF. The one where Jax and Kerr turned the game around with dagger 3s in the 4th.

Stack has referred to him as a close friend multiple times in interviews over the years.

[KingKev]

Sixth Street is private equity money (used to be part of TPG), but of the people you meet in that business, they’re among the nicest / most honest. For whatever that’s worth.

It's still PE money. If the Holts divest that majority stake to an institutional investor there probably will be plans to move the Spurs elsewhere if a potentially more profitable location presents itself. PE is investing to EXTRACT VALUE, hopefully that value can be unlocked in SA. I wonder if they have any other sports teams in their holdings.

[daslicer]

Stack has referred to him as a close friend multiple times in interviews over the years.

Stack refers to everybody as a close friend in his interviews. He's even said he's good friends with Kawhi which I don't believe for a second.

[lmbebo]

At worst, I could see a play to move the team to Austin or maybe in between the 2 cities... in between wouldn't be the worst thing, but it would be bad for the city.

[lmbebo]

It's still PE money. If the Holts divest that majority stake to an institutional investor there probably will be plans to move the Spurs elsewhere if a potentially more profitable location presents itself. PE is investing to EXTRACT VALUE, hopefully that value can be unlocked in SA. I wonder if they have any other sports teams in their holdings.

Would NBA board of governers allow that?

[lmbebo]

Friend says that sixth sense are also invested into the cowboys and yankees as well. I believe Legents Hospitality as well.

[CGD]

Ok, so this isn’t necessarily the beginning of a move to Austin. Valuation/cash out makes much more sense.


https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger)
Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger

1h (https://twitter.com/mikefinger/status/1406015229981569024) OK, I can translate this for everybody. Basically a bunch of minority owners wanted to cash out, because the valuation of the team had skyrocketed, and Dell/Sixth Street bought the shares from them.

(https://twitter.com/mikefinger)

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg

Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger
1h (https://twitter.com/mikefinger/status/1406015662879907840) There were 22 investors before. Now there are about 12. But an important result of this is Peter John Holt now is the exclusive authority. No more committee. What Holt says goes.



https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger) Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger


One of the minority owners who remain: David Robinson.
5:29pm · 18 Jun 2021 (https://twitter.com/mikefinger/status/1406016340914327555) · Tweetbot for iΟS

(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels) Mike Finger Mikefinger
(https://twitter.com/mikefinger) 1h (https://twitter.com/mikefinger/status/1406017641375055877)
Was told Popovich and RC are fully on board. And theoretically this could be better for them because if they want to do something, they just need one Holt’s go-ahead, instead of the old committee.



(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels)

[Dejounte]

So if PATFO didn’t have all the accountability before because of behind-the-scene things, they do now.

[Dex]

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger)
Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger

1h (https://twitter.com/mikefinger/status/1406015229981569024) OK, I can translate this for everybody. Basically a bunch of minority owners wanted to cash out, because the valuation of the team had skyrocketed, and Dell/Sixth Street bought the shares from them.

(https://twitter.com/mikefinger)

https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg

Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger
1h (https://twitter.com/mikefinger/status/1406015662879907840) There were 22 investors before. Now there are about 12. But an important result of this is Peter John Holt now is the exclusive authority. No more committee. What Holt says goes.



https://pbs.twimg.com/profile_images/875802380486311936/tmFHpr16_normal.jpg (https://twitter.com/mikefinger) Mike Finger (https://twitter.com/mikefinger)Mike (https://www.spurstalk.com/forums/member.php?u=7591)finger


One of the minority owners who remain: David Robinson.
5:29pm · 18 Jun 2021 (https://twitter.com/mikefinger/status/1406016340914327555) · Tweetbot for iΟS

(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels) Mike Finger Mikefinger
(https://twitter.com/mikefinger) 1h (https://twitter.com/mikefinger/status/1406017641375055877)
Was told Popovich and RC are fully on board. And theoretically this could be better for them because if they want to do something, they just need one Holt’s go-ahead, instead of the old committee.



(https://help.twitter.com/en/using-twitter/how-to-tweet#source-labels)

So that's why it took 10 damn years to get Fiesta jerseys and do away with those trash camo ones.

[Seventyniner]

So that's why it took 10 damn years to get Fiesta jerseys and do away with those trash camo ones.

But what explains the lack of ABA throwback black SAN ANTONIO lettering on black jerseys? That would be a huge seller.

[Dex]

But what explains the lack of ABA throwback black SAN ANTONIO lettering on black jerseys? I don't buy jerseys but I would have picked up a Duncan version of that in an instant.

Good question...I'm right there with you. If they ever do bring them back, I may have to get a custom Duncan one made.

[Maddog]

But what explains the lack of ABA throwback black SAN ANTONIO lettering on black jerseys? That would be a huge seller.


Good question...I'm right there with you. If they ever do bring them back, I may have to get a custom Duncan one made.

https://a.espncdn.com/photo/2013/0614/grant_g_iceman_cr_576.jpg

[GAustex]

https://a.espncdn.com/photo/2013/0614/grant_g_iceman_cr_576.jpg
Ice and Snake
Good times
Hemisfair was rocking

[rjv]

https://a.espncdn.com/photo/2013/0614/grant_g_iceman_cr_576.jpg


goose bumps