Buss Brothers Join Padres Ownership Group After Leaving Lakers

PUBLISHED Aug 26, 2026, 12:47 PM ET

Former Los Angeles Lakers basketball executives Joey and Jesse Buss joined the San Diego Padres ownership group through their new firm, Buss Sports Capital, on Wednesday, August 26, 2026. The brothers established the investment firm following their family sale of a majority stake in the Lakers to billionaire Mark Walter. Under the agreement, Joey and Jesse Buss serve on the Padres advisory board, applying their operational experience in player development, payroll management, and roster construction to the Major League Baseball franchise. The Padres operate under a new ownership group led by private equity billionaire José E. Feliciano and singer-songwriter Kwanza Jones, who acquired the team at a record three billion nine hundred million dollar valuation. This move represents the first major venture for Buss Sports Capital amid broader organizational shifts for the Buss family sports empire, which also included a separate minority stake sale to Josh Kushner and Bob Iger.

By Daniel Hayes | JQJO News

Media Bias

Articles Published:: 31
Right Leaning:: 2
Left Leaning:: 2
Neutral:: 27

Explain Framing

Left: Emphasizes executive restructuring and corporate wealth transfers across California sports franchises. Center: Reports factual business transactions, advisory roles, and historical ownership changes neutrally. Right: Focuses on private equity investment value and high profile executive asset diversification.