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Joey and Jesse Buss joining San Diego Padres’ new ownership group

Joey and Jesse Buss joining San Diego Padres’ new ownership group

Summary

Joey and Jesse Buss have joined a new ownership group for the San Diego Padres baseball team. The group, led by José E. Feliciano and Kwanza Jones, is set to buy the Padres for a record $3.9 billion.

Key Facts

  • Joey and Jesse Buss, once executives with the Los Angeles Lakers basketball team, are part of the Padres' new ownership group.
  • The ownership group is led by private equity billionaire José E. Feliciano and Kwanza Jones.
  • The group will complete the purchase of the Padres this month.
  • The Padres' sale price is $3.9 billion, the highest ever for a Major League Baseball team.
  • The Buss brothers sold their Lakers shares last year to Mark Walter, who owns the rival Los Angeles Dodgers baseball team.
  • The Buss brothers started Buss Sports Capital to invest money from the Lakers sale.
  • Other Buss family members recently sold their Lakers minority stake to a new ownership led by Josh Kushner and Bob Iger.
  • Jeanie Buss, the Lakers' governor, is opposing her siblings' plan to sell the remaining Lakers ownership share.
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