Paul Viera Increases Stake In Spurs To 11% as Rising NBA Valuations Attract Investors

Paul Viera, founder and CEO of Earnest Partners, has increased his stake in the San Antonio Spurs from 5% to 11%. Viera’s recent buyout of Aramark's remaining interest in the Spurs values the team at $2.5 billion, securing the deal at a discount. NBA team valuations continue to rise, driving interest from investors. Viera’s expanded ownership contributes to the growing diversity of NBA team owners.