Joey, Jesse Buss join new Padres ownership group, reportedly strike deal to acquire approximately 5% of club

Joey and Jesse Buss have joined the new San Diego Padres ownership group, reportedly securing a 5% stake in the club. The investment group, Buss Sports Capital, was founded by the brothers and is set to collaborate with José E. Feliciano and Kwanza Jones, who spearheaded the reported $3.9 billion transaction to acquire the Padres.

Feliciano and Jones' deal was unanimously approved by MLB owners on August 17 and is considered one of the most expensive franchise sales in North American sports history. The Buss siblings, including Joey and Jesse, have a rich history in professional basketball, having worked with their father Dr. Jerry Buss and later building their own careers in the industry.

Joey Buss served as the alternate governor and vice president of research and development for the Lakers before leaving his front-office role, while Jesse held positions as assistant general manager and director of scouting. The brothers expressed their excitement about joining the Padres ownership group, highlighting their shared love for the team and their belief in the club's potential for growth and community engagement.

The Padres are poised to embark on a new era with the Buss Sports Capital advisory board, as the team inches closer to achieving something extraordinary.