Peter M. Holt and Julianna Hawn Holt, who led the Spurs for a mixed 23 yrs, are formally divorced.
A decide Tuesday signed an agreed final decree of divorce Inside the case that started virtually 4½ yrs in the past.
A state district courtroom in San Antonio verbally granted the divorce in January after the Holts reveryed a mediated settlement settlement final yr. They married in 1982.
The divorce decree says the Holts entered into an “settlement incident to divorce,” generally Utilized in circumstances involving extreme-worth marital estates to primarytain away from public disclosure of how group belongings are Chop up up. The settlement was not filed with the courtroom.
William Ford, Peter M. Holt’s divorce lawyer, declined to remark. Richard Orsinger, Julianna Hawn Holt’s lawyer, didn’t Reply to a request for remark.
Peter M. Holt, 73, served as Spurs Sports activities & Leisure’s chairman and CEO for 20 yrs earlier than abruptly retiring in March 2016. The Spurs gained all 5 of their championships all by way of his tenure.
Julianna Hawn Holt, 74, then took the helm earlier than being succeeded as chairman by their son, Peter J. Holt, in 2019. He turned the group’s managing companion final yr.
The Holt household purchased into the group in 1993 To assist stabilize the Spurs’ base in San Antonio. The group hadvert relocated from Dallas in 1973. Peter M. Holt turned its primary proprietor in 1996.
Right now, the household, Collectively with Austin billionaire Michael Dell and San Francisco private equity agency Sixth Road Companions, collectively owns Greater than 70 % of the franchise. The …….
