NBA: CVC Capital Partners would like to acquire 15% stake in the San Antonio Spurs (press)

The Luxembourg investment fund CVC Capital Partners is in negotiations to acquire 15% of the capital of the NBA franchise of the San Antonio Spurs, announced several American media outlets on 04/02/2021. The CVC offer -- the exact amount of which has not been disclosed -- would value the franchise at €1.3bn (€1.07bn).

"A potential deal could see CVC take a seat on the team’s board, though its influence would extend only to commercial decisions on matters such as branding and seat pricing, one of the people said. Currently, the NBA’s rules require minority institutional investors to be passive," the US financial newspaper Financial Times reported.

American businessman Peter Holt became the owner of the San Antonio Spurs in 1996 when he bought the franchise for $76m. His wife, then his two children, have succeeded him at the helm of Spurs since his step back in 2016, the family would remain the majority shareholder of the Spurs.

The value of the San Antonio Spurs franchise was estimated at $1.8bn (€1.48bn, 14^th best valuation of the NBA) according to a study published by the American…