The McCombs family has purchased a stake in the San Antonio Spurs.
Red McCombs owned at least a share of the Spurs for 11 years and was the team’s primary owner for five years.
The Spurs moved to San Antonio for the 1973 ABA season after McCombs and a group of local investors purchased the then-Dallas Chaparrals of the ABA.
McCombs sold his share of the franchise to purchase the Denver Nuggets in 1978. He sold the Nuggets in 1985, returning as the Spurs’ primary owner in May 1988.
McCombs sold the Spurs in 1993 to an investment group led by Peter Holt, whose son now runs the team.
