The San Antonio Spurs will not be available for purchase, despite the fact that the team's largest shareholders, Peter and Julianna Hawn Holt, have filed for a divorce.
As most Spurs fans know, Julianna took the reigns from Peter as the team's chairman and CEO in March of 2016. When news of their divorce broke last December, there were some experts and analysts who thought they would sell their stake in the team to divide assets. However, in an interview with a San Antonio news station, Julianna addressed the brewing rumor.
Article Continues Below“The franchise is safe,” Hawn Holt told KSAT-12 in a statement. “We are dedicated and committed to continued success.”
The Holts were wed in 1985. 11 years later (1996), they became the Spurs' largest shareholders. For the most part, Peter, who gave up control of the team roughly two years ago as he stayed out of the public eye.
Without a doubt, the Spurs, now valued at a whopping $1.55 billion per Forbes, are (and have been) one of the best-run organizations in the NBA for many years. They've made it to the playoffs in 20 straight seasons and won 50 or more regular season games in 18 straight campaigns. Under legendary head coach Gregg Popovich, San Antonio has won five NBA championships.
The Spurs, now the 2nd-ranked team in the Southwest Division standings with a 35-23 overall record, will be back in action on Tuesday night, as they're scheduled to face the Denver Nuggets inside the Pepsi Center. Tip-off is set for 10:30 p.m. EST with TNT having live broadcast coverage.