Buss Brothers Acquire Stake in Padres, Join Ownership Group

Joey and Jesse Buss have officially entered the world of Major League Baseball by acquiring approximately 5% of the San Diego Padres through their investment group, Buss Sports Capital. This deal comes after the Padres' sale to new owners Feliciano and Jones was unanimously approved by MLB owners in August.

The Padres' acquisition, valued at $3.9 billion, ranks among the highest franchise sales in North American sports history. This follows a recent trend of significant transactions, including the record-breaking sale of the Los Angeles Lakers for $12.5 billion, led by businessman Mark Walter.

The Buss brothers, who previously held front-office roles with the Lakers, expressed their excitement about joining the Padres' ownership group. They will also serve on the team's advisory board, aiming to leverage their experience in basketball operations to enhance the franchise's success.

In addition to their investment in the Padres, Buss Sports Capital is reportedly pursuing ownership opportunities in NBA Europe. The brothers highlighted their commitment to fostering community connections through sports, emphasizing the passionate fanbase in San Diego.

Their backgrounds in professional basketball operations, which include roles in talent evaluation and organizational planning, will inform their contributions to the Padres as they look to build on the team's existing foundation.