SAN ANTONIO (Sept. 25, 2024) – The San Antonio Spurs today announced Paul Viera, founder of global investment firm EARNEST Partners, is expanding his investment stake in the team. The NBA Board of Governors has approved the transaction.
“I am incredibly excited about the Spurs culture and the direction in which the team is heading,” said Viera. “The Spurs have a legacy of success and a promising outlook for the next decade and beyond. I look forward to continuing to support the team’s growth and achievements.”
Viera has expressed strong confidence in the Spurs rich heritage and future potential, built on the team’s 50-year legacy in the NBA. The Spurs and Viera share a commitment to excellence, teamwork and community. Viera’s continued involvement and increased investment reflects his belief in the team’s long-term growth and success.
Viera is the founder and Chief Executive Officer of EARNEST Partners, a global asset management firm responsible for overseeing over $50 billion for municipalities, states, corporations, endowments and universities. He earned a bachelor’s in economics from the University of Michigan, an MBA from the Harvard Business School, and has over 30 years of investment experience. Viera is based in Atlanta and serves as a board of director of Take-Two Interactive, publisher of NBA 2K, trustee of the Woodruff Arts Center and a member of its investment committee, board member of the National Center for Civil and Human Rights, and member of the Council on Foreign Relations and the Harvard Business School Board of Dean Advisors.
“Paul has proven to be a strong strategic partner and we are thrilled to see his continued commitment to the Spurs investor group,” said Peter J. Holt, Spurs Sports & Entertainment managing partner. “His increased commitment brings further value to our organization, reinforcing our shared vision for the Spurs and community. We look forward to working even more closely with him to build upon our legacy and reach new heights.”
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 the McCombs family have joined the Spurs investor group as strategic partners.
Guggenheim Securities, LLC acted as the financial advisor on the transaction.
About Spurs Sports & Entertainment
Spurs Sports & Entertainment (SS&E) is a value-based and community-centric sports and entertainment company that provides premier live and global digital experiences for fans across a portfolio of three teams and several first-class venues in South Texas – all supported by a staff of more than 1,000 full and part-time employees. SS&E owns and operates the San Antonio Spurs (NBA), Austin Spurs (NBA G League), and San Antonio FC (USL), as well as manages the day-to-day operations of the Frost Bank Center, The Rock at La Cantera, Toyota Field and Ricos STAR Complex. The SS&E investor group is led by Managing Partner Peter J. Holt.
新闻来源：NBA
原文网址：https://www.nba.com/spurs/news/paul-viera-expands-san-antonio-spurs-investment-stake
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