Buss brothers joining new Padres ownership group
ESPN • • sports
Key Points:
- Buss Sports Capital, founded by longtime Los Angeles Lakers executives Joey and Jesse Buss, has joined Kwanza Jones and Jose E. Feliciano's ownership group of the San Diego Padres.
- The Padres were recently purchased by Jones and Feliciano at a record $3.9 billion valuation, marking the highest price ever for a Major League Baseball team.
- Joey and Jesse Buss will serve on the Padres' advisory board, leveraging their expertise in player development, payroll management, and roster construction to support the franchise's growth.
- This minority ownership stake with the Padres is Buss Sports Capital's first major investment, while the Buss brothers are also pursuing a stake in the upcoming NBA Europe league.
- The Buss family's involvement with the Padres comes amid ongoing internal disputes over the sale of their remaining Lakers ownership shares, which Jeanie Buss is legally contesting.
