As a traditional strong team in the NBA, why is Spurs owner Holt the poorest owner in the league?

Being full to death, hungry to death. Compared with the New York Knicks and Los Angeles Clippers, teams with high market values ??and huge wealth in the hands of their owners can easily offer sky-high contracts worth tens of millions. , if the Spurs could be richer, if the Spurs could directly give Leonard the maximum salary back then, there might not be any subsequent controversy. SO, here comes the question. As a traditional strong team in the NBA, why is the Spurs owner Holt the poorest owner in the league? Well, please listen to what I'm going to say in detail.

History of the Spurs

The Spurs were founded in 1967 and joined the NBA in 1976. The reason why the Spurs are well-known is that in 1997, they messed up and got the superstar Duncan. After acquiring Duncan, the Spurs have entered the playoffs for 23 consecutive years and become a traditional strong team in the NBA. The three major illusions of Texas that year - —The Spurs are too old, and you can see how competitive this team is. In the 44 years since entering the NBA, the Spurs have won 21 division championships, 6 Western Conference championships, and 5 NBA championships. Such achievements are enough to make teams like the Clippers envious of teams that have not yet touched the Western Conference Finals.

Why is Spurs owner Holt the poorest owner in the league?

Although they are both located in Texas, due to factors such as San Antonio's remoteness and the team's simple style of play, the Spurs' market has always been inferior to the two teams in the same state, the Mavericks and Mosaics. So far, , according to Forbes NBA team market value rankings, the Spurs' market value ranks 13th among all NBA teams, with the team's market value reaching 1.625 billion. It is a pity that the Spurs lost at the starting point.

The second is the dispersion of the Spurs' equity. In order to support San Antonio to have its own NBA team and to solve financial problems, the Spurs' equity was dispersed in large quantities. The Spurs were also the team with the most small owners among the teams. So although Holt is the owner of the team, he does not hold much equity, so the Spurs' market value does not bring him much wealth.

Finally, there are Holt’s off-field investments. Compared with technology tycoons such as Ballmer and Tsai Chongxin, Holt’s off-site industry is tractor (CAT) dealers. The relatively traditional industry makes it difficult for Holt’s income to increase as much as other team owners. Increased value, so Holt's net worth of US$200 million will make him the poorest among all NBA teams. But sometimes I think about it, don’t you think it’s annoying that the poorest person can still win the championship?

With the new broadcast contract taking effect, NBA player salary levels have increased significantly. Therefore, the current NBA league has many basketball superstars worth over 100 million, and it can be said to be a gathering place for the rich! NBA players' salaries are paid by team owners

Therefore, in the traditional impression of fans, NBA owners are richer than NBA players, but in fact this is not the case. According to data published by the American magazine "Forbes", Holt's assets are only 205 million US dollars, which is not as good as the contract value of Harden and Curry. He can be called the poorest owner in the league! Then fans will ask, as a traditional strong team in the NBA, why is the Spurs owner Holt the poorest owner in the league? Now I will tell you the reason in detail.

The strongest team in the past 20 years - the Spurs

In the past 20 years, under the leadership of GDP, the Spurs achieved a record of 1135 wins and 489 losses in the regular season, with a winning rate of 69.9%. They are the only team in the league with a winning rate of over 60%. They are the most stable and dominant team in the NBA regular season in the past 20 years.

In the past 20 years, the Spurs' single-season regular season winning rate has been above 57%, reaching above 70% in 12 seasons. In the 2015-16 season, it reached 81.7% (67 wins and 15 losses), creating a record Regular season record in team history.

The Spurs have entered the playoffs in all the past 20 years (the team has entered the playoffs for 22 consecutive years, tying the historical record), entered the finals 5 times, and won the championship 4 times. It can be called A dynasty team.

The reason why Holt is "the poorest"

In fact, the NBA is a condensed society, with both stars worth over 100 million and players earning a living on a basic salary. Among team owners, it is natural to distinguish between three, six and nine. Therefore, among these billionaires, Holt is the "poorest" with a current asset of $200 million. Of course, this $200 million in assets does not include the current market value of the Spurs. The reasons for this situation are as follows:

1: The Spurs have won five championships in the past 20 years, and have consistently maintained their character as a strong team in the past 20 years. It is said that such a team The record should be able to earn the Spurs owner a lot of money, but the key is that the Spurs' equity is too dispersed. Due to lack of funds when acquiring the Spurs in 1993, Pete Holt and 22 investors purchased the Spurs for $75 million, which is less than 5% per person on average. According to relevant sources, he probably accounts for 20% of the Spurs' shares, and the other 22 people account for 80%.