Documents obtained Thursday by the Express-News indicate former San Antonio Spurs chairman and CEO Peter M. Holt, not his son, purchased 100 acres on Hawaii’s Big Island for $8 million.
The revelation comes after the New York Post earlier this week reported that current Spurs owner Peter J. Holt made the 100-acre purchase.
According to the Express-News’ reporting, an entity called PMHSI LP bought the land in question. Records cited in the article connect the purchasing partnership back to Peter M. Holt, who retired from his position with the NBA team in 2016.
The elder Holt’s wife, Julianna, succeeded him in his leadership role at Spurs Sports & Entertainment (SS&E). Peter J. Holt took the reins of the franchise in 2019.
In emails to the Current about the publication’s Wednesday article about the New York Post report, an SS&E spokesperson said Peter J. Holt wasn’t the buyer of the land and requested a correction. The spokesperson subsequently confirmed Peter M. Holt purchased the land but added that SS&E wasn’t involved in the transaction and had no additional details.
Peter M. Holt’s purchase comes as San Antonio Mayor Gina Ortiz Jones asks the Spurs’ ownership to pony up more funding for the team’s new downtown arena. At present, the facility will be partially paid for with public funds.
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