Julianna Hawn Holt has filed for divorce from her husband Peter Holt.
The Holts are the owners of the San Antonio Spurs.
"The franchise is safe," Hawn Holt told KSAT-12 in a statement. "We are dedicated and committed to continued success."
Hawn Holt filed for divorce on Dec. 22 on the grounds that the marriage had become insupportable because of discord or conflict of personalities between her and her husband "that destroy the legitimate ends of the marriage relationship and prevents any reasonable expectation of reconciliation."
The Holts married in 1985 and became the largest shareholders of the Spurs in 1996.
Peter Holt relinquished control of the franchise to his wife in 2016 and has since been out of the public eye.