With the initial report being broken by Variety after being confirmed by The Athletic’s Shams Charania, news that the team is selling a minority stake of the San Antonio Spurs is true. Variety is also reporting that the ownership group has brought in Guggenheim Partners to handle the sales process.
With no confirmed percentage brought to light just yet, nor who exactly is selling the stake, the news has caused a bit of a stir amongst Spurs faithful.
Numerous fans, even local beat reporters initially questioned the severity of the stake being sold. Questions arose about whether or not the team will stay in San Antonio, but Chairman Peter J.