Despite San Antonio Spurs principal owner Peter J. Holt crying poor to City Council when talking about the team's capacity to pay for a new arena, media reports suggest he still has access to enough cash to buy a large chunk of a Hawaiian island.

Holt reportedly ponied up $8 million this month to purchase an additional 100 acres on the Big Island.

The purchase brings Holt's land holdings on the Island to 900 acres, which the New York Post reported he uses as grazing land for cattle.