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Austin billionaire Michael Dell joins San Antonio Spurs family as newest investor
Dell Technologies CEO Michael Dell will be added as a strategic partner for the San Antonio Spurs. (Dell)

Dell Technologies CEO Michael Dell is taking business a little further south—The San Antonio Spurs have added Dell and Sixth Street, a global investment firm, to its investor group as strategic partners

The Spurs also promoted Peter J. Holt to managing partner. The shifts have already been approved by the NBA Board of Governors and are scheduled to go through next week.

Michael Dell

Dell is an Austin-based CEO and Chairman of Dell Technologies, a company he founded in 1984 at the age of 19.

"I am excited to join Peter Holt and Sixth Street, and the entire San Antonio Spurs community, as a partner in this extraordinary franchise," Dell said in a press release. "As a Texan and as someone who appreciates how unique a culture of excellence is—in sports or in any organization—I have tremendous respect for the record the Spurs have established in San Antonio over many years. It is our goal to serve as true stewards of the franchise going forward."

Peter J. Holt

As the largest shareholders of the San Antonio Spurs, the Holts first joined the Spurs investor group in the summer of 1996, when Peter M. Holt was named Spurs Chairman for 20 years, until wife Julianna Hawn Holt took over as Chairwoman in 2016.

J. Holt took over as Chairman in 2019 and alongside his sister, Corinna Holt Richter, the pair represents the family on the board of managers.

"There are countless individuals who have impacted the organization and our community in so many ways over the last five decades," Holt said in a press release. "The Holt family is excited to continue working with all of our investors to provide the support, leadership and resources needed for the Spurs to continue to thrive in San Antonio."

Sixth Street

Finally, Sixth Street manages $50 billion worth of investments around the world from nine global offices. Airbnb, Legends and Spotify are a few of the brands the firm has invested in.

"The San Antonio Spurs are one of the most successful and admired franchises in sports," Sixth Street co-founder and CEO Alan Waxman said. "We have deep respect for how the team has built and sustained its championship culture and … look forward to joining Michael Dell in supporting Peter's vision for the future of the Spurs in San Antonio."

Altogether, Richter said the additions will maintain the Spurs' "commitment to culture, excellence and community" while helping to "advance the franchise forward."


A mortgage banker walks us through the math on purchasing a 'mid-price' Austin home

So you want to buy a house?

To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.

Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.

Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.

So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.

Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.

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Fall camping: Camp Fimfo Waco offers one-of-a-kind experiences in the heart of Texas
Camp Fimfo Waco

Camp Fimfo Waco, a brand new camping resort, is kicking off football and fall camping season in style! With top-notch amenities, premium accommodations, and 10 weekends of fall fun, there’s no better place to have a fall camping getaway, especially if you’re a Baylor football fan!

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