Joey and Jesse Buss are taking part in the San Diego Padres’ ownership group, marking a new chapter after decades tied to the Los Angeles Lakers. Multiple outlets report that the Buss brothers, through Buss Sports Capital, have agreed to acquire a minority ownership stake in the MLB club.
Reports generally place the stake at about 5%, though some coverage frames it as “around” that figure. Several outlets also describe the Padres ownership group as led by José E. Feliciano and Kwanza Jones, with the Buss brothers joining other investors. Coverage adds that the move comes amid ongoing Lakers sale discussions, with at least some outlets noting their efforts to divest from the Lakers while taking on the Padres role.
Some outlets provide extra context on the backstory behind the investment, including references to their late father, Jerry Buss, and the long-standing interest that helped shape their involvement. Other reports focus more narrowly on the transaction details and the leadership of the Padres’ new group. One outlet also notes that the Buss brothers are pursuing a separate NBA Europe ownership stake alongside the Padres investment.
