Minority owner, William Cothrum, was later Deputy Mayor Pro Tem of the City of Dallas.

After no credible offers surfaced, the team's original owners leased it to a group of 35 San Antonio businessmen, led by Angelo Drossos and Red McCombs.

The deal included a three-year option to buy the team outright, after which it would revert to the Dallas group.

San Antonio embraced its new team with open arms; the Spurs surpassed the Chaparrals' entire 1972–73 attendance in only 16 games.

[citation needed] Realizing they had a runaway hit on their hands, Drossos and McCombs tore up the lease and completed the purchase after only one year, and the franchise has stayed in San Antonio to this day.