Buss Brothers Buy Padres Stake as Lakers Sale Unfolds
Longtime Lakers executives Joey and Jesse Buss are purchasing a stake in the San Diego Padres through Buss Sports Capital, joining an ownership group led by Kwanza Jones and José E. Feliciano; MLB approved the Padres’ sale at a record $3.9 billion. The move comes as the Buss family pursues the sale of their Lakers minority stake amid an NBA deal led by Josh Kushner and Bob Iger, valued at about $12.5 billion and awaiting league approval, with Jeanie Buss reportedly opposing the sale and the family having previously sold the majority stake to Mark Walter while retaining a 17.8% share.