Red McCombs

A former owner of two NBA teams, an NFL franchise and a longtime businessman, Billy Joe “Red” McCombs has died at his home in San Antonio.

The Texas circuit and annual grand prix were pivotal for the global racing series' efforts to establish and grow a significant presence in the U.S. He was one of the largest investors in the Circuit of the Americas in Austin, the first purpose-built F1 racetrack in the U.S. 19, 2023," according to the statement that called McCombs “a Texas icon.”

B.J. “Red” McCombs, a prominent San Antonio businessman and philanthropist and the namesake of the McCombs School of Business at the University of Texas, ...

McCombs was also one of the largest investors in Circuit of the Americas' Formula One U.S. “The whole academic family at Red McCombs School of Business grieves his loss with his family and the San Antonio community,” said Lillian Mills, dean of UT's business school. “We are saddened by the loss of Red McCombs, a true pioneer and legendary Longhorn, and extend our heartfelt condolences to his family,” Hartzell wrote on Twitter. From 1992 to 2000, McCombs was chairman of the Board of Trustees of Southwestern University, which also honored him as a distinguished alumnus. “I’m delighted that we are able to honor his legacy.” He served in the Army from 1946 to 1947 before enrolling in UT’s law and business schools, although he did not graduate. “McCombs was a multi-industry business magnate known for his local car dealerships, pro sports team ownership, generous philanthropy, and bigger-than-Texas personality,” the family said in its statement. He was surrounded by family members who "loved and adored him" when he died at his home, and they are “heartbroken,” according to a statement released Monday by the family. McCombs was also a co-founder of Clear Channel Communications, now known as iHeartMedia, and also owned the NBA's Denver Nuggets. And he loved his Longhorns!” In addition to his business activities, McCombs was an active philanthropist. But to us he was always, first and foremost, ‘Dad’ or ‘Poppop,’” the statement said.

Billy Joe "Red" McCombs, the renowned San Antonio businessman who built a car dealership empire, reportedly died on Sunday, February 19.

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“The whole academic family at Red McCombs School of Business grieves his loss with his family and the San Antonio community,” Lillian Mills, dean of the McCombs School of Business, said. McCombs also knew the importance of world-class athletics and helped the Longhorns become a national powerhouse. His contribution and vision helped elevate the McCombs School of Business to among the His legacy of generosity will forever impact the lives of countless students who find inspiration in his story and go on to change the world.” This transformational gift enabled the McCombs School of Business to expand star faculty hiring, increase resources for grants and top tier research, and attract and recruit more top students. “From the business school that bears his name, to our athletics and student success programs, his entrepreneurial spirit, drive to win and commitment to excellence are reflected across the Forty Acres.

In the statement released Monday, the family of McCombs, who was known as a car dealership and communications magnate and philanthropist, said he was surrounded ...

Red was a San Antonio legend and visionary whose business acumen and positive influence helped shape our city and set it on a trajectory of growth, development, and success. He was a true philanthropist whose contributions have benefited organizations in San Antonio and across Texas. Red and Charline impacted tens of thousands of lives, here in San Antonio and across Texas. It’s impossible to overstate the impact he had on the City of San Antonio. In addition to being an entrepreneur and iconic businessman, Red had a heart of gold and a generous spirit. “From the Corpus Christi Clippers to Clear Channel, Red has owned more businesses and told more stories than can be detailed here, but most of them are in his autobiography, Big Red. “The team truly does belong to the people of San Antonio.” “After selling ten in one weekend, he was hooked and never made it to that corporate job,” a biography released by his family states. His philanthropic work includes numerous donations to his alma mater and $30 million to M.D. There, the business school, softball stadium and north end zone at DKR-Texas Memorial Stadium were later named in his honor. 19, 1927, in Spur, Texas, but to the world, he was known simply as Red. He also owned the Minnesota Vikings and Denver Nuggets at one time.

A former owner of two NBA teams, an NFL franchise and a longtime businessman, Billy Joe “Red” McCombs has died at his home in San Antonio.

The Texas circuit and annual grand prix were pivotal for the global racing series' efforts to establish and grow a significant presence in the U.S. He was one of the largest investors in the Circuit of the Americas in Austin, the first purpose-built F1 racetrack in the U.S. 19, 2023," according to the statement that called McCombs “a Texas icon.”