Joey and Jesse Buss Invest in San Diego Padres After Lakers Sale

Joey and Jesse Buss have made a significant move in the sports industry by acquiring approximately 5 percent of the San Diego Padres through their investment group, Buss Sports Capital. This deal comes after their family sold the Los Angeles Lakers to Mark Walter last year.

The Padres were recently purchased by Kwanza Jones and José Feliciano for $3.9 billion, and the Buss brothers will join the team's ownership advisory board. This investment places them in competition with Walter, who also owns the Los Angeles Dodgers.

Joey Buss expressed excitement about contributing to the Padres, a team he and Jesse have supported since childhood. Their experience in basketball operations with the Lakers is expected to inform their strategic advice on team building, even though they will not be directly involved in roster construction.