Buss Brothers Buy 5% Padres for $3.9B

Joey and Jesse Buss have joined the San Diego Padres’ ownership group as minority investors, acquiring roughly 5% and serving on the advisory board of the new group led by Kwanza Jones and José Feliciano in a deal valued at a MLB-record $3.9 billion. The move expands the Buss family’s sports footprint after they previously sold the Lakers and have since launched Buss Sports Capital to invest in franchises. The Padres’ new owners are pursuing postseason success, with the team positioned for a potential playoff run as they solidify ownership. The Buss siblings’ participation comes amid ongoing drama surrounding the Lakers’ sale, in which Jeanie Buss has contested the remaining transfer of the family stake to Josh Kushner and Bob Iger. The announcements emphasize the Brothers’ goal to leverage their experience in sports operations to contribute to the Padres’ future, including broader fan engagement for San Diego and beyond.