The rumor that Raiders owner Mark Davis is considering relocating his team to Texas is public, and, as the Oakland franchise is currently constructed, the San Antonio Spurs' holding company is coming out against the move, according to a San Antonio Express-News report.
Spurs Sports & Entertainment (SS&E), which owns the Spurs as well as other local sports teams, is run by Peter Holt, whose house Davis reportedly visited during his trip to San Antonio four weeks ago. According to Spurs shareholder Charlie Amato, SS&E is concerned about competing financially with an independent NFL team.
“I would be more excited about the Oakland Raiders moving to San Antonio if the Spurs ownership group had the possibility of purchasing the team,” Amato told the Express-News. “We have developed a successful culture under the leadership of Peter Holt and have 20- to 25-year employees who have the ability to manage both franchises and help lower the overall cost of running an NFL team."
It is unclear if Davis would want local investors, should he consider the move, but they don't appear hard to find.
"I told him if he wanted some, they wouldn't be hard to get," said San Antonio billionaire B.J. “Red” McCombs, who also met with Davis during his visit to Texas.
The Spurs are the defending NBA champions and have won five titles in the last 16 years. The Raiders haven't been to the playoffs since 2002.
“It's very important that another sports franchise that comes into San Antonio has the same high-quality culture that exists with the Spurs," Amato was quoted.
Davis told CSN California in March that he was committed to staying in Oakland, but had thought about other options if Bay Area stadium talks continued to remain stagnant.