Buss Brothers Acquire 5% Padres, Join Advisory Board

Joey and Jesse Buss have joined the San Diego Padres’ new ownership group as minority investors, acquiring roughly 5% of the club and joining the ownership advisory board. The Buss Sports Capital investment marks their first major foray since launching the firm, and the brothers bring NBA experience—particularly with salary-cap management and long-term resource allocation—that they are expected to apply to baseball and team-building decisions. The new Padres ownership group is led by José E. Feliciano and Kwanza Jones, with the deal valuing the franchise at a record MLB price and aligning the Buss siblings with other high-profile investors. The move comes amid ongoing drama surrounding the Buss family’s ownership of the Lakers, a situation that has recently seen shifting stakes and leadership within the franchise. The Buss brothers say they hope to deepen fan engagement and contribute strategic insight to the Padres, while still pursuing an ownership stake in an NBA Europe venture.