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Ex-Lakers Execs Joey and Jerry Buss, Join San Diego Padres Ownership Group
Buss Sports Capital bought about a 5% stake as MLB approved the Padres sale at a record $3.9 billion valuation.
- On Wednesday, brothers Joey and Jesse Buss joined the San Diego Padres ownership group through their investment firm, Buss Sports Capital, following the recent $3.9 billion sale to Kwanza Jones and Jose E. Feliciano.
- Last week, Jones and Feliciano finalized their purchase of the Padres at a record $3.9 billion valuation, which MLB recently approved, establishing the ownership structure the Buss brothers have now joined.
- ESPN reported that Buss Sports Capital purchased a stake "in the neighborhood of 5%" in the franchise. Joey Buss said in a statement they are "honored to join" the team and contribute to its future.
- Drawing on nearly two decades in basketball operations, Jesse Buss said the brothers aim to apply their professional experience to building a championship organization in San Diego through the ownership group.
- Meanwhile, Los Angeles Lakers governor Jeanie Buss is contesting her siblings' plan to sell the family's 17.8% stake in the Lakers to Bob Iger and Josh Kushner, complicating the broader family business transition.
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22 Articles
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One week after closing the sale of their remaining stake in the Lakers, Joey and Jesse Buss join San Diego Padres
·Los Angeles, United States
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Buss brothers join Padres’ new ownership group
By Field Level Media Aug 26 (Field Level Media) - Brothers Joey and Jesse Buss joined the new ownership group of the San Diego Padres on Wednesday. ESPN reported that Buss Sports Capital purchased a stake "in the neighborhood of 5%" in the MLB franch...
Associated Press News+12 Reposted by 12 other sources
Joey and Jesse Buss joining San Diego Padres' new ownership group
Joey and Jesse Buss are part of the San Diego Padres’ new ownership group led by José E. Feliciano and Kwanza Jones. Joey and Jesse Buss grew up in San Diego County.
·New York, United States
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Coverage Details
Total News Sources22
Leaning Left4Leaning Right3Center12Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 21%
C 63%
R 16%
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