The San Antonio Spurs are one of the most storied franchises in NBA history.
In 2026, the team is not controlled by a single billionaire owner like some NBA franchises.
Instead, the Spurs are run by Spurs Sports and Entertainment, a company controlled by the Holt family.
Peter J. Holt currently serves as chairman, continuing a legacy his father began back in 1993.
The ownership group also includes several well known minority investors.
Names like Michael Dell, Joe Gebbia, and the investment firm Sixth Street Partners all appear on the cap table.
This article breaks down exactly who owns the Spurs, how the ownership structure works, and what recent moves like the De’Aaron Fox trade mean for the franchise going forward.
| Category | Details |
| Team | San Antonio Spurs |
| Owning Entity | Spurs Sports and Entertainment (SS&E) |
| Controlling Family | Holt Family (led by Peter J. Holt) |
| Chairman | Peter J. Holt (since 2019) |
| Holt Family Stake | More than 40 percent, valued near $1.7 billion |
| Notable Minority Owners | Michael Dell, Joe Gebbia, Sixth Street Partners, Paul Viera |
| 2026 Forbes Valuation | Approximately $4.4 billion |
| Founded | 1967 as the Dallas Chaparrals, moved to San Antonio in 1973 |
| Joined NBA | 1976, during the ABA NBA merger |
| Home Arena | Frost Bank Center, San Antonio, Texas |
| Star Player | Victor Wembanyama |
Table of Contents
Who Really Controls Spurs Sports and Entertainment
Spurs Sports and Entertainment is the parent company that owns the Spurs.
SS&E also owns the WNBA team the San Antonio Silver Stars and multiple minor league affiliates.
Control of SS&E sits with the Holt family, whose patriarch Peter M. Holt led an investor group that purchased the franchise in 1993 for roughly $75 million.
Julianna Hawn Holt took over as chairperson in 2016 after her husband stepped back from daily operations.
Their son, Peter J. Holt, assumed the chairman role in 2019 and remains in charge today.
Corinna Holt Richter, his sister, also sits on the SS&E board.
Controlling stake, 40 percent plus
Institutional minority owner
Individual minority owner
Individual minority owner
Additional minority investors
The Holt Family Ownership Stake Explained
The Holt family fortune traces back to Holt Cat, a Caterpillar equipment dealership founded generations ago.
That business fortune is what allowed Peter M. Holt to lead the 1993 purchase that kept the Spurs from leaving San Antonio.
Today the Holt family reportedly owns more than 40 percent of the franchise.
According to Forbes reporting, that stake alone is worth close to $1.7 billion.
Combined with their broader business holdings, the family fortune is estimated at more than $3 billion.
Peter J. Holt has publicly stated the family has no plans to sell or relocate the team.
Meet the Minority Owners and Investors
Michael Dell, founder of Dell Technologies, is one of the most recognizable names in the Spurs ownership group.
Joe Gebbia, a cofounder of Airbnb, also holds a stake in the team.
Sixth Street Partners, a large investment firm, became a co owner of the Spurs in 2020.
That deal also allowed Sixth Street to build out sports focused investment funds using the Spurs as a proof of concept.
Investor Paul Viera doubled his existing stake in the Spurs in 2024, according to reporting from CNBC.
Aramark previously sold roughly half of its own ownership stake in the franchise for about $100 million.
These transactions show a franchise that regularly trades small ownership slices while the Holt family keeps overall control.
Is Spurs Sports and Entertainment A Good Owner
By most measures, SS&E is considered one of the more stable ownership groups in professional sports.
The Holt family has held control for more than three decades without ever threatening to move the team.
Under their watch, the Spurs won five NBA championships between 1999 and 2014.
Ownership also invested heavily in the Frost Bank Center and the surrounding sports complex.
Critics point out that recent seasons have been rebuilding years, which has tested fan patience.
Still, the front office’s aggressive move to trade for De’Aaron Fox in 2025 signaled ownership is willing to spend to compete around Victor Wembanyama.
Are the Spurs For Sale In 2026
There is no credible reporting suggesting the Spurs franchise itself is for sale in 2026.
What has happened instead is a series of minority stake sales among existing partners.
Sixth Street, Aramark, and Paul Viera have all bought, sold, or expanded small slices of the ownership pie in recent years.
Peter J. Holt has repeatedly reassured fans that the team is staying in San Antonio for the long term.
Unless the family fortune changes dramatically, majority control is expected to remain with the Holts for years to come.
How Much Is The San Antonio Spurs Franchise Worth
Forbes valued the Spurs at approximately $4.4 billion in its 2026 NBA valuations report, according to Forbes’ own coverage.
That places the Spurs among the lower half of NBA franchise values, well behind teams like the Golden State Warriors and New York Knicks.
Even so, the valuation has climbed steadily as national television and local media deals continue to grow league wide revenue.
The arrival of Victor Wembanyama in 2023 also boosted merchandise sales and ticket demand across the league.
Analysts expect the franchise value to keep rising as the new national media rights deals take full effect.
The De’Aaron Fox Trade And What It Means For Ownership
In February 2025, the Spurs acquired guard De’Aaron Fox in a three team trade involving the Sacramento Kings and Chicago Bulls.
San Antonio sent draft capital and role players to Sacramento while landing an established All Star talent, according to NBA.com’s official trade coverage.
Ownership later approved a contract extension to keep Fox in San Antonio long term.
That kind of financial commitment shows the Holt family is willing to spend big when the roster window looks promising.
Pairing Fox with Victor Wembanyama gave the front office one of the most talked about young duos in the league.
Victor Wembanyama And The Team’s Future Direction
Victor Wembanyama was drafted first overall by the Spurs in 2023.
His rookie seasons quickly made him the centerpiece of the franchise’s rebuilding plan.
In February 2025, the team shut him down for the remainder of the season after doctors discovered a blood clot in his shoulder.
He was later cleared to return and resumed full basketball activity.
Ownership’s careful handling of his recovery reflects a broader organizational focus on long term health over short term wins.
Wembanyama remains the central figure ownership is building the franchise around heading into 2026.
How Spurs Ownership Compares To Other NBA Franchises
Many NBA teams are now controlled by single tech billionaires or large investor consortiums.
The Spurs stand out as one of the few remaining franchises still anchored by a single founding family after more than thirty years.
That is a sharp contrast to teams like the Oklahoma City Thunder, whose ownership includes a wider rotating group of local investors.
Compared to leagues like the NFL, where cross ownership rules are far stricter, the NBA allows more institutional investors like Sixth Street to hold stakes.
You can read more about how those rules differ in our breakdown of who owns the NFL.
What Fans In San Antonio Should Know About Team Control
For everyday fans, the most important takeaway is stability.
The Holt family has never threatened relocation, unlike ownership groups in several other NBA cities.
Local business leaders like Michael Dell also give the ownership group deep ties to the Texas business community.
That local rooted structure has helped keep the Spurs a civic institution rather than a purely commercial asset.
As long as the Holt family remains in charge, San Antonio fans can expect continuity rather than upheaval.
Frequently Asked Questions
Who is the majority owner of the San Antonio Spurs
The Holt family, led by chairman Peter J. Holt, holds the controlling stake in the San Antonio Spurs.
How much are the San Antonio Spurs worth in 2026
Forbes valued the franchise at approximately $4.4 billion in its 2026 NBA team valuations report.
Who are the minority owners of the Spurs
Michael Dell, Joe Gebbia, Sixth Street Partners, and investor Paul Viera all hold minority stakes in the team.
Are the Spurs for sale in 2026
No credible reports indicate the franchise itself is for sale, though small minority stakes continue to change hands periodically.
I am Jack Neel, a mechanical engineer, researcher, and writer. I created this website to share my knowledge about different brands and products with you. I research the manufacturers behind the brands and provide you with the information you need to make smart buying decisions.