Peter Holt - Business and The Spurs

Business and The Spurs

Holt believes in a values-based management philosophy, in which the community gains benefits from association with a company that is committed to proper business ethics. A company's responsibility leads to the company supporting community projects, leading to mutual benefit for the community and company. These values were one of the primary factors in Holt's 1993 decision to invest in the Spurs. His desire was to keep the team in San Antonio to help the community and vice-versa. He and his wife Julianna Hawn Holt are now the franchise’s principal owners.

Holt and the Spurs later purchased other franchises – the Austin Toros of the NBA Development League, the San Antonio Rampage of the American Hockey League, and the renamed San Antonio Silver Stars of the WNBA. In each case, the team colors were changed to silver and black, the motif used by the Spurs.

In the last several years, Holt has seen his "community project" succeed in extraordinary ways. In June 1999, Holt joined with hundreds of thousands of Spurs faithful in celebrating the team’s first NBA Championship. In order to keep the team in San Antonio, Holt led a successful effort to secure community support to build a new community arena, the AT&T Center. The new home to the Spurs and the San Antonio Livestock Exposition broke ground in August 2000 and opened with the 2002 season. Holt's Spurs secured three more championships in 2003, 2005, and 2007. He is one of the few owners in the league that has not gone over the luxury tax threshold to secure needed talent.

Keeping consistent with his desire to see the Spurs organization lead in the community, Holt has mandated that the Spurs have the first Green facilities in American professional sports .

With a long commitment to community service, Holt served as Chairman of the United Way of San Antonio and Bexar County. He is a member of the World Presidents’ Organization, and is a trustee of the Palmer Drug Abuse Program. He also served as Chairman of the Board of St. Mary’s Hall, a private school in San Antonio.

A frequent contributor to the Republican Party, Holt has contributed over $500,000 to the campaigns of Governor Rick Perry, who appointed Holt as a commissioner of the Texas Department of Parks and Wildlife. A strong supporter of international trade, Holt is a board member of Free Trade Alliance-San Antonio, as well as the San Antonio Economic Development Foundation and Chase Bank-San Antonio.

Holt plans on staying in San Antonio, and active in the Caterpillar business, looking forward to the possibility of welcoming his children into the family business.

Peter Holt was inducted to the Texas Business Hall of Fame in 2004 and information in this article was obtained from a short biography listed on their website .