Peter Holt Rumors
A marital property agreement between Spurs chairman and co-CEO Julianna Hawn Holt and her husband Peter Holt could pave the way for the couple to have a low-key divorce away from the public eye, family law experts said. “They have pretty much already decided how everything is going to go,” St. Mary’s University law professor Dayla S. Pepi said. “That’s part of the purpose of these agreements.”
Peter Holt has hired attorney William Ford. Julianna Holt is represented by Richard Orsinger, who was also involved in divorce cases involving Spurs icons Tim Duncan and Tony Parker. Orsinger was Parker’s attorney when the point guard filed for divorce in 2010 from actress Eva Longoria. Orsinger, however, later withdrew from the case because of a conflict of interest. Three years later, he helped represent Amy Duncan when she filed for divorce from Tim Duncan. “They are preeminent family law attorneys,” Pepi said. “Richard Orsinger represents pretty much every celebrity in San Antonio that is going through a divorce. And Bill Ford is highly regarded and also does these larger divorces.”
Marc Stein: Julianna Hawn Holt, who succeeded Peter Holt as Spurs chairman in March 2016, told @ksatnews in San Antonio that the couple’s impending divorce will not lead to the sale of the team. “We are dedicated and committed to continued success,” she said in a statement to KSAT-12
The San Antonio Spurs will not be put up for sale, even though the husband and wife who are the team’s largest shareholders are in the process of getting a divorce. Julianna Hawn Holt, who took over as Spurs chairman and CEO from her husband Peter Holt in March 2016, told a San Antonio television station on Monday: “The franchise is safe.”
Spurs chairman and co-chief executive officer Julianna Hawn Holt has filed for divorce from her husband of more than 30 years, former Spurs chairman and CEO Peter Holt. The divorce likely will have implications for the future of a franchise long viewed as a model of stability. It also comes as the value of the championship-laden organization has skyrocketed to nearly $1.6 billion, according to Forbes.
It’s uncertain what immediate impact the split will have on the team’s ownership group and the franchise in general. The Holts married in 1985 and have been involved with the Spurs since 1996, when they became the franchise’s largest shareholders. Bexar County records show the Holts entered into a marital agreement recorded in 2006 and amended more than seven years later. Neither the original nor the amended agreement was publicly filed.
Popovich indicated that the trust developed among himself, general manager R.C. Buford and Spurs ownership is what has helped the organization build the culture the rest of the league appears to be trying to replicate. “I think keeping owners informed about what’s going on is mandatory, and having input is fine,” Popovich said. “But I think there has to be an understanding that coaches and GMs have brains also, and we know who pays the bills. It’s a slippery slope, I think, if owners got too involved in that process. That trust relationship in those three areas is really important in creating a culture and making something that can be long-lasting. I’ve been here over 20 years. I think that says it all. They just let us do our jobs. We keep them informed as we should. And the chips fall where they may. If we’re not successful, I’m sure we’ll be gone just like anybody’s gone if things don’t work out well.”