Died on February 19, 2023 at the age of 95, “Red” McCombs had a profound impact on the history of the Spurs by investing in the franchise. The move to San Antonio in 1973? It's him. The name of the franchise? It would also be him because he was born in the town of Spur, Texas.
A loyal supporter, Red McCombs sold the team in 1993 for $75 million. Today, according to figures from Forbes, his value is estimated at some 3.3 billion dollars…
Carrying on a legacy
Thirty years later, his family (32 children, grandchildren and great-grandchildren) returns among the owners of the franchise, announced the Spursin a role of “strategic partner”.
“Red, Charline and the entire McCombs family mean a lot to the Spurs and San Antonio,” says owner Peter J. Holt. “To see the McCombs family come full circle and officially welcome them to our investment group is exceptional. Red was a visionary whose bold work shaped San Antonio and made it known around the world. The McCombs family continues their legacy and, along with all of our investors, we are committed to seeing the Spurs and this great city prosper. »
