At the same time, Sixth Street, a leading global investment firm, and Michael Dell have joined the Spurs investor group as strategic partners.
The Holt family remains the majority owner of the franchise.
Sixth Street manages over $ 50 billion in assets and operates from nine offices around the world. The firm was founded in 2009 as a partnership focused on the core values of integrity, responsibility and teamwork. Sixth Street’s investment approach relies on using its long-term flexible capital base, multiplatform team culture, and data-driven capabilities to deliver solutions to businesses at all stages of the business. growth.
Michael Dell is President and CEO of Dell Technologies, a company he founded in 1984 at the age of 19.
“We are eternally grateful for the contributions of every Spurs investor since 1973. There are countless people who have impacted the organization and our community in so many ways over the past five decades,” said Peter J. Holt. “The Holts are excited to continue to work with all of our investors to provide the support, leadership and resources necessary for the Spurs to continue to thrive in San Antonio. “
According to CNBC’s Leslie Picker, the agreements value the franchise at $ 1.8 billion, with Sixth Street taking a 20 percent stake while Dell taking an additional 10 percent.