Sport Spurs majority owner Julianna Hawn Holt files for divorce, says 'the franchise is safe'

03:30  13 february  2018
03:30  13 february  2018 Source:

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Julianna Hawn Holt filed for divorce , but stated the Spurs franchise is safe .

Julianna Hawn Holt 's work Mar 10, 2016 “It was a family decision,” said Rick Pych, who has been appointed the franchise 's co-CEO by Julianna Hawn Holt . Mar 10, 2016 There's been no stronger and more stable leader of a franchise over the past 20 years than Spurs owner Peter Holt

a close up of a woman wearing glasses: Julianna Hawn Holt © (Getty Images) Julianna Hawn Holt

Spurs majority owner and and chairwoman, Julianna Hawn Holt, filed for divorce from her husband Peter Holt, but reassured fans that the franchise isn't on the market.

"The franchise is safe," Hawn Holt told KSAT-12 in a statement. "We are dedicated and committed to continued success."

The report states that Hawn Holt filed for divorce on December 22. The Holts married in 1985 and became the largest shareholders of the team in 1996. Their divorce came just before the Spurs, who have reached the playoffs 20 in straight seasons, was valued at nearly $1.6 billion, according to Forbes.

Court documents obtained by the San Antonio Express-News and KSAT-12 stated that the divorce had been filed on the grounds of conflict "that destroy the legitimate ends of the marriage relationship and prevents any reasonable expectation of reconciliation."

According to the report, Hawn Holt and Mr. Holt will enter into an agreement for the division of their estate, which raised questions about the future of the franchise.

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