Buss Brothers Join Padres Ownership Group

Joey and Jesse Buss, former executives with the Los Angeles Lakers, have joined the new ownership group of the San Diego Padres, the team announced on August 27, 2026. The brothers, through their investment firm Buss Sports Capital, acquired a stake of approximately 5 percent in the franchise, which was recently purchased by a group led by private equity investors José E. Feliciano and Kwanza Jones. The purchase of the Padres closed last week at a record-setting MLB valuation of $3.9 billion.

The Buss brothers will serve on the advisory board for the new ownership group. In a statement, Joey Buss expressed his enthusiasm for the opportunity. "We are honored to join Kwanza and José and have the opportunity to contribute to the future of a team that Jesse and I have loved since we were kids growing up in San Diego," he said. He added that the Padres have a passionate fan base and that there is a "tremendous opportunity to deepen that connection in San Diego and around the world."

Jesse Buss highlighted the experience the brothers would bring from their time in professional basketball. "We saw firsthand what it takes to build a championship organization, and throughout our careers...