Auto magnate and former Spurs owner Red McCombs dies at 95

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Update: Billy Joe 'Red' McCombs 'was a visionary entrepreneur who touched many lives and impacted our community in immeasurable ways. But to us he was always, first and foremost, ‘Dad’ or ‘Poppop,'' according to a statement from the McCombs family.

Five years later, McCombs raised the city’s profile and changed its identity. In one of the most unusual deals in sports history, he and a group of investors signed a three-year lease with an option to buy the American Basketball Association’s Dallas Chaparrals, who were losing $400,000 a year. San Antonio, at last, had a major professional sports team. Locals, at first, didn’t seem to care. Only 2,000 showed up for the Spurs’ first victory.

McCombs not only gave voice and leadership to landmark buildings and projects, he gave millions of dollars. The reach of his philanthropy extends across the state. Since 1981, the McCombs Foundation has given $181 million to civic, educational and charitable causes. A $50 million gift led the University of Texas to rename their business school The McCombs School of Business.

“He could have been president of the United States,” said Cisneros, the former U.S. Housing and Urban Development secretary who has known several U.S. presidents. “When you measure intellect, charisma and force of leadership, he’s among the best I’ve ever met.” “I grew up in the car business,” she said in 2021. “I spent Saturdays with my dad at the office or the shop. I answered the phone when I was a kid. I always enjoyed working with him and I usually enjoyed workinghim. He can be a tough boss. He motivates all of us to do more and to do things better than we think we can do.”

“Everything I’ve accomplished in my life is because of Red’s influence, directly or indirectly,” said Wender, whose Westover Hills development includes Microsoft and other major data center facilities. “I’m probably one of a million he’s mentored.” “I’ll cherish those conversations even more than our business conversations. I’ve learned so much about life from him. I’ll be forever grateful. I love the man.”‘Biggest encourager’

 

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