The San Antonio Spurs' investor roster has just received a legacy boost with the addition of the McCombs family, marking a full-circle moment for the franchise. After being a defining presence in the initial transport of the Spurs to the Alamo City, the family of the late Red McCombs, who passed away earlier this year, is once again intertwined with the team's ownership fabric. The new strategic partnership was greenlit by the NBA Board of Governors, according to KSAT.
"Red, Charline, and the entire McCombs family mean so much to the Spurs and San Antonio," Spurs Sports & Entertainment managing partner Peter J. Holt stated. "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.", in a statement obtained by MySanAntonio.
The family has been a staple in the area since 1958, with business forays spanning from automotive to energy sectors, and notable philanthropic endeavors. It's a continuation of the estate of charitable efforts, entrepreneurship, and community engagement that Red and Charline McCombs fostered over generations. Their legacy is now being propelled forward by their descendants, with the McCombs’ involvement in San Antonio now further solidified through this return to the Spurs.
"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. With the Holt family remaining as the largest shareholders, the Spurs' off-court lineup is boasting some significant San Antonio royalty, reinforcing a legacy dating back to when the team played its first game against the San Diego Conquistadors in 1973.
Joining a notable investor group that includes tech giant Michael Dell and Airbnb co-founder Joe Gebbia among others, the McCombs family's reentry into Spurs' ownership echelons is eminent for not just the team but the city's sporting culture.
