Photo: Carmen Mandato / Getty Images Sport / Getty Images
The San Antonio Spurs have announced that the McCombs family is joining the Spurs investor group as its newest strategic partner. This move has been approved by the NBA Board of Governors and executed.
“Red, Charline and the entire McCombs family mean so much to the Spurs and San Antonio,” said Peter J. Holt, SS&E managing partner. “To see the McCombs family come full circle and officially welcome them back into our investor group is beyond special. Red was a visionary whose bold work shaped San Antonio and put us on the global map. The McCombs family is continuing his legacy and together with our entire investor group, we are committed to seeing the Spurs and this great city thrive.”
The McCombs family has called San Antonio home since 1958. Beginning with celebrated philanthropist Charline and legendary businessman Red McCombs, the family now spans four generations and 32 children, grandchildren and great-grandchildren. Today, McCombs Enterprises, the family office led by second- and third-generation family members, carries the legacy of Red and Charline forward through its charitable efforts, local car dealerships, real estate development and energy investing.
“The entire McCombs family is thrilled to renew our connection to the Spurs and join Peter John, Corinna, and the Holt family as Strategic Partners,” said Joseph Shields, grandson of Charline and Red McCombs, and Executive Vice President of McCombs Enterprises.
Peter J. Holt assumed the Spurs Chairman role in March of 2019 and was named Managing Partner in June 2021. Peter and his sister, Corinna Holt Richter, represent the Holt family on the organization’s board of managers. The Holt family remains the largest shareholder of the San Antonio Spurs. Since 2021, Sixth Street, a leading global investment firm, Michael Dell, CEO and founder of Dell Technologies, Joe Gebbia, Airbnb Co-Founder and Chairman of Airbnb.org, Kimberly Lewis, founder of investment management company KSL Resources, and Paul Viera, founder of global investment firm EARNEST Partners have joined the Spurs investor group as strategic partners.