The NBA ownership ranks took a loss on Wednesday with the announcement that Spurs majority owner Peter Holt is relinquishing control of the team to wife Julianna Hawn Holt. The Holts jointly became the franchise’s largest shareholders in 1996, when Peter Holt ascended to the top of the organization. He’ll remain on the board of managers of Spurs Sports & Entertainment and continue as part of the ownership group, and his wife will now become the franchise’s chairman, CEO and representative on the board of governors. “Our ownership in the Spurs has always been a family affair,” Julianna Hawn Holt said in the team’s press release. “For many years I’ve had the desire to take a more active role with Spurs Sports & Entertainment. We felt this was the right time to make this transition. We are very excited about the current Spurs season and the future of the organization.”
It’s unclear how or if the change will affect the on-court product going forward. Peter Holt was a hands-off owner, allowing coach/president Gregg Popovich and GM R.C. Buford to build one of the league’s most well-respected and well-run basketball operations. The changing of the guard closes a remarkably successful era for the Spurs, who missed the playoffs only once under Peter Holt’s reign. The franchise has won five NBA titles while qualifying for the postseason for an amazing 19 straight seasons.
The success of the team, as well as the distinct lack of turmoil within the Spurs organization during his tenure, certainly should earn Holt praise as one of the best owners in the league. That’s a solid enough segue into the question/topic for today: Who is the best team owner in the NBA?
Take to the comments section below to share your thoughts on the subject. But don’t just limit yourself to providing a name. We’d love to know why you made the selection you did. We look forward to what you have to say.