An impressive net worth is joining forces with the San Antonio basketball net as Joe Gebbia, the billionaire co-founder of Airbnb, joins the Spurs' investor group. Spurs Sports and Entertainment, the organization in charge of the team and the AT&T Center, announced the addition of the new "strategic partner" on Tuesday, January 18.
The addition of Gebbia had to be approved by the league's Board of Governors with the move finalized on Tuesday. Gebbia's introduction comes months after Sixth Street, a top global investment firm, and Texas billionaire Michael Dell (of Dell Technologies) joined the investor group in June 2021. Managing partner Peter J. Holt remains in control of the team and business operations as the largest shareholder, the announcement says.