Joey, Jesse Bush reportedly acquire minority stake in the Padres
Fox Business • • sports
Key Points:
- Joey and Jesse Buss, through their investment group Buss Sports Capital, have acquired approximately a 5% stake in the San Diego Padres, marking their entry into a new sport ownership group.
- The Buss family recently sold their remaining 17.8% stake in the Los Angeles Lakers to a group led by Joshua Kushner and Bob Iger, following the sale of the controlling stake to Mark Walter last year.
- A family dispute arose as Jeanie Buss, Lakers governor, contested the sale of the family’s Lakers shares by her siblings through an attorney.
- Joey and Jesse Buss expressed enthusiasm about joining the Padres ownership advisory board and contributing to the team’s future alongside new controlling owners Kwanza Jones and José Feliciano.
- The Buss brothers' move to the Padres sets up a rivalry with Mark Walter, who owns the Los Angeles Dodgers, intensifying competition between the two National League West teams.
