BREAKING: Peter Holt is Retiring as CEO of Spurs

Best owner in basketball :cry. His wife is taking over for him. The timing of this is really weird though.. Is he having serious unknown health issues? I wonder if this has anything to do with Pop missing the last 2 games due to "family issues." Just speculating here, hope I'm wrong.

https://pbs.twimg.com/media/CdJZNJVUUAE9u_h.jpg:large

Wow, I made a joke earlier today that Bonner will outlast Holt, too.

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Originally Posted by SpurPadre

Wow, I made a joke earlier today that Bonner will outlast Holt, too.

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:lol

I saw this earlier & thought it was a joke.

Sort of weird timing, I wonder if there are health concerns?

So wait, by more active role does she mean becoming involved more in running the team? This could be really bad.

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Originally Posted by Spur|n|Austin

Sort of weird timing, I wonder if there are health concerns?

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Was my initial thought too.

They should just hand over the franchise to Pop.

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Originally Posted by SpurPadre

Wow, I made a joke earlier today that Bonner will outlast Holt, too.

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Can you do the same to the Warriors and staying healthy tbh?

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Originally Posted by weebo

They should just hand over the franchise to RC.

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FIFY

lol a woman?

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Originally Posted by SpurPadre

Wow, I made a joke earlier today that Bonner will outlast Holt, too.

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rofl

Probably heard the news about Rasual and had enough with those Bonner suckers doing damage control

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Originally Posted by hemann82

why?

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Spurs don't need an owner that GMs and coaches ala Cuban.

Is there something health-related to Peter relinquishing day-to-day? hopefully his wife keeps the hand-off tradition on basketball operations..

First Rasual, now Peter Holt.. Two Spurs legends gone in one day.

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Originally Posted by Robz4000

Spurs don't need an owner that GMs and coaches ala Cuban.

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lol I doubt she's going to come in and start demanding changes to RC and Pop's current org.

This just screams of major health issues.

First turning over Holt Cat, now the Spurs.

Damn that sucks.

I'm surprised Bonner wasn't named CEO

Even Peter Holt could not bear the disappointment about not waiving Bonner.

I understand Peter :bobo

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Originally Posted by Das Texan

This just screams of major health issues.

First turning over Holt Cat, now the Spurs.

Damn that sucks.

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I think so too. Hope not though...

Nick Moyle @NRMoyle
Rick Pych, president of business operations for SS&E, will serve as #Spurs co-CEO, per the request of Julianna Holt.

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Originally Posted by Das Texan

This just screams of major health issues.

First turning over Holt Cat, now the Spurs.

Damn that sucks.

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Damn, Peter Holt running the team is one of the best things that ever happened to the Spurs. I hope you're wrong about that. :(

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Originally Posted by Spur|n|Austin

lol I doubt she's going to come in and start demanding changes to RC and Pop's current org.

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Hopefully not, but you never know...

I wonder if this has anything to do with the "family issues" that caused Pop to miss the last 2 games..

I often saw dat nigga at my AA meetings at Club 12 back in da day. He sho loves his guayaberas.

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Originally Posted by Das Texan

This just screams of major health issues.

First turning over Holt Cat, now the Spurs.

Damn that sucks.

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Agreed unfortunately :(

Regardless, hell of a run w/ him at the helm.

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Originally Posted by baseline bum

Damn, Peter Holt running the team is one of the best things that ever happened to the Spurs. I hope you're wrong about that. :(

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The only positive is his old lady is now in charge, so I'm sure its basically not really anything changes, other than Peter not being the figurehead. I'm sure the organization and its structure changes less than zero.

Why not wait till the offseason?

He gave Matt Bonner $27,130,848... Smh @ :pop:

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Originally Posted by BatManu20

I wonder if this has anything to do with the "family issues" that caused Pop to miss the last 2 games..

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Yeah, was going to mention it..Has Holt been attending Spurs game lately? if anything serious, we'll probably learn soon..he isn't too old, 68..

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Originally Posted by spursistan

Yeah, was going to mention it..Has Holt been attending Spurs game lately? if anything serious, we'll probably learn soon..he isn't that old, 68..

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Last I remember seeing him was Gm 7 when he cussed out the scorekeepers:

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Originally Posted by Kawhitstorm

Last I remember seeing him was Gm 7 when he cussed out the scorekeepers.:lol

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That was awesome, they truly screwed the pooch there. It was well deserved.

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Originally Posted by SPURt

Why not wait till the offseason?

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The timing of this is strange to say the least. Combined with the fact that he stepped away from his business ventures recently as well, it makes me think it might be deteriorating health concerns... Pure speculation at this point, but that's what it sounds like to me. Hope I'm wrong.

How much do you guys think Spurs are worth?

Can someone offer a crazy amount and move the team to a different city??

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Originally Posted by BatManu20

The timing of this is strange to say the least. Combined with the fact that he stepped away from his business ventures recently as well, it makes me think it might be deteriorating health concerns... Pure speculation at this point, but that's what it sounds like to me. Hope I'm wrong.

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I hope that's not why Pop stayed in San Antonio

Damn. Shout out to Pete. Hopefully all is well.

Sounds like health issues to me as well and probably why Pop didn't make the road trip.

Hope Peter is alright. And I hope his wife stays out of the way tbh.

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Originally Posted by Spur|n|Austin

Sort of weird timing, I wonder if there are health concerns?

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sounds like it

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Originally Posted by illusioNtEk

How much do you guys think Spurs are worth?

Can someone offer a crazy amount and move the team to a different city??

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Seattle Spurs

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Originally Posted by SpurPadre

Wow, I made a joke earlier today that Bonner will outlast Holt, too.

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Originally Posted by NASpurs

I'm surprised Bonner wasn't named CEO

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:lol

Hope all is well with Mr. Holt.:depressed

Sounds like one of two things:

Health (most likely) or legal issues/trouble (not likely but possible) breaking soon.

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Originally Posted by BatManu20

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looks terrible in that picture. date?

Holt trying to inspire the troops

Gotta be health-related. Hope it's not, though.

Cheers to you, Mr. Holt.

It's got to be health issues, and without being alarmist, probably major. I mean how much daily work is there to being CEO of the Spurs? He must have something he has to really concentrate on. Hope to hell I'm wrong.

And his wife seems like a good move. Of course the Buss children can tell you how well things work out when you keep it in family sometimes.

Sounds pretty messed up but some similarities with the Broncos season (Bowlen/Holt? & Peyton/Timmy).....hopefully Spurs cap the season with a 'ship tbh....

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Originally Posted by BatManu20

I wonder if this has anything to do with the "family issues" that caused Pop to miss the last 2 games..

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This.

Holt is clearly protesting the Butler cut decision

Bonner strikes again!!

If it were anything OTHER than health he'd probably wait until the offseason.

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Originally Posted by TheGreatYacht

Probably heard the news about Rasual and had enough with those Bonner suckers doing damage control

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lmao

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Originally Posted by Robz4000

Can you do the same to the Warriors and staying healthy tbh?

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I want to beat them at full strength and I predict that will happen. We will get #6, tbh.

Best owner in the NBA is not a trivial loss, tbh.

Cheers to two decades of greatness Mr. Holt. :toast

Let's hope for the best for him.

Just be glad that he's left the team in good hands with his wife, and this isn't a situation like we see way too often where kids squabble over the team (or there's a divorce) and leave it in disarray.

Seriously, this is a big deal no? Even if we don't notice any immediate impact, you would have to think this could trigger some serious change down the not-so-far road. Between spending, power struggles, and possible sale of the team? Makes me nervous.

You are talking about a change in ownership, possible retirement of Duncan/Gino and then not too long after TP/Pop. That's a ton of change in what could amount to 4-5 years.

Hope things go well for Peter.

Certainly does sound like major health issues. Remember when all of us were wondering if the team was reacting to whatever news kept Pop in SA in that awful showing in Indy? Wondering if the big three knew something. Prolly not, though.

:toastIt's been a great run. Rick Pych is a pro. Hopefully, the values at the top don't change much.

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Originally Posted by EVAY

Hope things go well for Peter.

Certainly does sound like major health issues. Remember when all of us were wondering if the team was reacting to whatever news kept Pop in SA in that awful showing in Indy? Wondering if the big three knew something. Prolly not, though.

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My gal did notice at the game at the target center last night that Tim and Tony weren't in street clothes on the bench. I'm wondering if they flew back to SA after the pacers game due to the possible health issue for Peter Holt.

Yep, get well soon Peter Holt.

:bobo

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Originally Posted by TXstbobcat

My gal did notice at the game at the target center last night that Tim and Tony weren't in street clothes on the bench. I'm wondering if they flew back to SA after the pacers game due to the possible health issue for Peter Holt.

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I noticed the same thing and commented about it to someone today. Manu was there in street clothes, but I never saw either of the other two. Really wondered the same thing, exactly.

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Originally Posted by Mugen

Sounds pretty messed up but some similarities with the Broncos season (Bowlen/Holt? & Peyton/Timmy).....hopefully Spurs cap the season with a 'ship tbh....

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I thought the same, though Bowlen's departure wasn't as drastic as this. Let's hope it's not Alzheimer.

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Originally Posted by Canyonero

I thought the same, though Bowlen's departure wasn't as drastic as this. Let's hope it's not Alzheimer.

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Alzheimer is actually the best case scenario (especially early diagnosis) rather than pancreas cancer or something similar.

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Originally Posted by Robz4000

So wait, by more active role does she mean becoming involved more in running the team? This could be really bad.

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Cherchez la femme

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Originally Posted by Kawhitstorm

Alzheimer is actually the best case scenario (especially early diagnosis) rather than pancreas cancer or something similar.

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Alzheimer sucks. How is that a best case? Maybe in terms of life expectancy (not to sound morbid)

One of my twitter followers said his friend works with the team doctor and said that Pops wife was having surgery. That's the reason he missed the last two games. Don't know how true but take it as it is.

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Originally Posted by DPG21920

Seriously, this is a big deal no? Even if we don't notice any immediate impact, you would have to think this could trigger some serious change down the not-so-far road. Between spending, power struggles, and possible sale of the team? Makes me nervous.

You are talking about a change in ownership, possible retirement of Duncan/Gino and then not too long after TP/Pop. That's a ton of change in what could amount to 4-5 years.

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It's big. Agreed.

Very concerning. Holt is a great owner, just because he doesnt try to put his hands on everything.

You wonder if the wife and the co owner have the same personality.

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Originally Posted by jon123spurs

One of my twitter followers said his friend works with the team doctor and said that Pops wife was having surgery. That's the reason he missed the last two games. Don't know how true but take it as it is.

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Taking it with a grain of salt but thanks for the info.

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Originally Posted by cjw

Alzheimer sucks. How is that a best case? Maybe in terms of life expectancy (not to sound morbid)

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Basically life expectancy, folks with early onset Alzheimer can function & live a normal life for a couple of years without poisoning their body (unlike cancer patients) to stay alive.

I remember one time reading or seeing something about Holt's affinity for cigarettes... this was like 10 years ago...

Everyone gives credit to POP, RC, Duncan...and rightly so. But, Holt is the unsung force behind all of the Spurs success. Without him, Spurs would be...

I hope everything is ok. And his wife does sound excited and involved, which I consider a good thing. Not selling the team.

I need a Peter Holt jersey :)

Somebody with more connections than I have probably knows how this works, but isn't it true that Holt's ownership is not total, and that there are any number of smaller investors with minor positions in the team? I wonder if any of them will move to try to take over the team, jointly or with new investors.

Does anyone know for sure what percentage ownership the Holt's have?

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Originally Posted by EVAY

Somebody with more connections than I have probably knows how this works, but isn't it true that Holt's ownership is not total, and that there are any number of smaller investors with minor positions in the team? I wonder if any of them will move to try to take over the team, jointly or with new investors.

Does anyone know for sure what percentage ownership the Holt's have?

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The Spurs currently have one PRIMARY owner (Holt). They could be numerous minority owners such as Pop/RC w/ like 1% stake.

https://en.wikipedia.org/wiki/List_of_NBA_team_owners

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Originally Posted by Kawhitstorm

Basically life expectancy, folks with early onset Alzheimer can function & live a normal life for a couple of years without poisoning their body (unlike cancer patients) to stay alive.

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Alzheimer's is a much worse fate tbh.

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Originally Posted by Mugen

Alzheimer's is a much worse fate tbh.

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Well, there is assisted suicide if folks don't want to deal w/ the late stage conditions. The average male past 70 is most likely to die of heart attack anyways so he might not even make it to the later stage.

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Originally Posted by Kawhitstorm

Well, there is assisted suicide if folks don't want to deal w/ the late stage conditions. The average male past 70 is most likely to die of heart attack anyways so he might not even make it to the later stage.

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that, & prostate cancer (though that usually takes 8-10+ years to kill)

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Originally Posted by Mugen

Alzheimer's is a much worse fate tbh.

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Yeah, Alzheimers is the worst case scenario for family.

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Originally Posted by Mugen

Alzheimer's is a much worse fate tbh.

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I agree. If I had to make a choice between dying of Alzheimers or pancreas cancer, I'd go with the cancer. You may get some years in with Alzheimers but when you become debilitated, you are no longer you. You belong to someone else. I'd rather die than be a vegetable in a nursing home. With pancreas cancer, yea you'll die sooner but at least you can die with some dignity.

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Originally Posted by myhc

I agree. If I had to make a choice between dying of Alzheimers or pancreas cancer, I'd go with the cancer. You may get some years in with Alzheimers but when you become debilitated, you are no longer you. You belong to someone else. I'd rather die than be a vegetable in a nursing home. With pancreas cancer, yea you'll die sooner but at least you can die with some dignity.

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I'd rather protect my health starting at an early age (i.e. mid 20s) so neither of those things happen tbh.

She will make Becky Hammons head coach.

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Originally Posted by EVAY

Somebody with more connections than I have probably knows how this works, but isn't it true that Holt's ownership is not total, and that there are any number of smaller investors with minor positions in the team? I wonder if any of them will move to try to take over the team, jointly or with new investors.

Does anyone know for sure what percentage ownership the Holt's have?

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I don't have any evidence but when Holt is mentioned on ESPN or something, they say he is the chairman of the ownership group that owns a majority share of the Spurs. I've always interpreted that as there is an ownership group that owns 50%+ of the Spurs and they picked Holt as the chairman so he represents the ownership of the Spurs.

It is likely that Holt and his wife own the largest shares of the Spurs but I am not certain if they own more than 50% by themselves.

https://www.youtube.com/watch?v=K_ILz9bC-VU

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Originally Posted by Spur|n|Austin

Sort of weird timing, I wonder if there are health concerns?

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the most likely reason. cirrhosis? cancer?

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Originally Posted by DPG21920

Seriously, this is a big deal no? Even if we don't notice any immediate impact, you would have to think this could trigger some serious change down the not-so-far road. Between spending, power struggles, and possible sale of the team? Makes me nervous.

You are talking about a change in ownership, possible retirement of Duncan/Gino and then not too long after TP/Pop. That's a ton of change in what could amount to 4-5 years.

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I don't think it will be too big of a change. Apparently Holt's wife is already active within the organization, just behind the scenes. The ownership shares still remain the same. Holt's wife still owns the same amount of shares that she had yesterday. And I'm not sure if Holt and his wife even own an outright majority of the team. The rest of the ownership group can still install a hands-off guy if things don't work out.

Pop will remain with the Spurs even after he retires as head coach, most likely making president of basketball operations his full time job like Phil Jackson. RC Buford will still remain the GM of the Spurs as well. The front office should be stable even as the HOFers retire.

Hope Peter is ok. It would suck if it was life threatening.

Holy shit, such huge changes this past year. The Duncan era really is coming to an end. And fuck the Warriors godammit! Spurs have to crush that boy band and get Numero 6!

Peter Holt is a Republican who has donated to the Rick Perry campaign. During the last round of CBA negotiations, he was notoriously quoted as having said that the players "haven't suffered enough." His political views couldn't be further from mine.

Despite that, I have genuine respect and admiration for the man. He built the greatest franchise in professional sports from the ground up and we are extremely fortunate to have had him as Spurs Chairman & CEO these past two decades. Peter, you will be missed.

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Originally Posted by 024

I don't think it will be too big of a change. Apparently Holt's wife is already active within the organization, just behind the scenes. The ownership shares still remain the same. Holt's wife still owns the same amount of shares that she had yesterday. And I'm not sure if Holt and his wife even own an outright majority of the team. The rest of the ownership group can still install a hands-off guy if things don't work out.

Pop will remain with the Spurs even after he retires as head coach, most likely making president of basketball operations his full time job like Phil Jackson. RC Buford will still remain the GM of the Spurs as well. The front office should be stable even as the HOFers retire.

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I really don't know. This is fresh and I have some legit concerns. We shall see.

Man just saw this, pretty supsetting.

Damn....Holt drew a lot of unnecessary ire from fans with his reluctance to push the cap...but he's really been one of the best owners in sports and is well regarded around the league.

Get well soon and thanks for everything, Holt.

Let's get this one for P.H.!

He wanted to retire, for no particular reason.

Thank you for your time Peter Holt, best front office in the league! Peter, Rc and Pop made this run, every one of them deserves credit.

couldnt ask for a better owner. we wouldnt be where we are without him

THANKS PETER

:flag:

One thing I would say that stuck out about him to me was his ability to let Pop and RC do their jobs without interfering.