Buss Sports Capital Buys 5% of Padres as Ex-Lakers Heirs Reenter Sports Ownership
Updated
Updated · The New York Times · Aug 26
Buss Sports Capital Buys 5% of Padres as Ex-Lakers Heirs Reenter Sports Ownership
3 articles · Updated · The New York Times · Aug 26
Summary
About 5% of the San Diego Padres is being acquired by Buss Sports Capital, the investment group founded by brothers Joey and Jesse Buss, according to sources familiar with the unannounced deal.
The brothers will join the Padres' ownership advisory board, giving them a role in strategic guidance after Kwanza Jones and José Feliciano bought control of the club on Aug. 17 in a $3.9 billion deal.
The move follows the Buss family's exit from the Lakers: Mark Walter bought control last year, and Joey and Jesse last week voted with three siblings to sell the family's remaining stake in a separate transaction valuing the NBA team at $12.5 billion.
Joey and Jesse, both fired from Lakers basketball operations in November 2025, are pitching their experience in roster building, player development and long-term planning as transferable to baseball.
For the San Diego-raised brothers, the Padres stake extends a broader push into new sports assets that also includes interest in NBA Europe ownership.