Re: Spurs Selling Minority Stake In Franchise

[RealGM Wiretap]

The San Antonio Spurs are selling a minority stake in the franchise.

The team has retained Guggenheim Partners to manage the process.

A Spurs spokesperson said in a statement, “As an ownership group we remain 100 percent committed to the city of San Antonio. Every day we celebrate the amazing relationship that exists between our community, our fans and our Spurs. San Antonio is home and will remain home."

It is not known how large of a stake is available. 

The Spurs are worth $1.8 billion, according to Forbes, which means a five percent stake would cost $90 million. Limited stakes often come without a board seat or a say in how a franchise is run.

The Holt family bought the team in 1996 for about $76 million.

Via Scott Soshnick/Sportico

[deeps6x]

76 mill to 1.8 bill in 24 years. Must be nice.

Although, FWIW, this is only a 14.1% compound annual return on the investment.

Nice if you can do that for 24 years I suppose. In Buffett's best decade he was doing 2.5% per month, or about 34% annually.

[IWishIWasHarden]

76 mill to 1.8 bill in 24 years. Must be nice.

Although, FWIW, this is only a 14.1% compound annual return on the investment.

Nice if you can do that for 24 years I suppose. In Buffett's best decade he was doing 2.5% per month, or about 34% annually.

"Must be nice" is not the way to look at it. Their gain is your oppression.

[Jabroni Lames]

76 mill to 1.8 bill in 24 years. Must be nice.

Although, FWIW, this is only a 14.1% compound annual return on the investment.

Nice if you can do that for 24 years I suppose. In Buffett's best decade he was doing 2.5% per month, or about 34% annually.

You also have to add the profits they've been pulling in year-after-year. And then there are dozens of opportunities for tax write-offs and synergies with their other investments & holdings. The ROI is way better than 14.1%.

[birdlives_ma]

76 mill to 1.8 bill in 24 years. Must be nice.

Although, FWIW, this is only a 14.1% compound annual return on the investment.

Nice if you can do that for 24 years I suppose. In Buffett's best decade he was doing 2.5% per month, or about 34% annually.

"Must be nice" is not the way to look at it. Their gain is your oppression.

Alright Leon, calm down.... it’s a basketball team not a steel mill

[DoctorDunc]

That rate of return correlates pretty directly with the gradual loss of an affordable family outing to most professional sports events.