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NewsKPBS Public MediaAugust 26, 2026San Diego

Joey and Jesse Buss join San Diego Padres ownership group

Joey and Jesse Buss have confirmed their participation in the new ownership group purchasing the San Diego Padres. The group, led by José E. Feliciano and Kwanza Jones, is finalizing the acquisition of the MLB franchise at a record valuation of $3.9 billion.

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Why It Matters

The change in ownership at a $3.9 billion valuation marks a significant transition for the San Diego Padres franchise and involves high-profile investors with ties to other major professional sports teams.

Key Facts

  • The San Diego Padres are being purchased by an ownership group led by José E. Feliciano and Kwanza Jones.
  • The purchase is valued at $3.9 billion, an MLB-record valuation.
  • The transaction is expected to close this month.
  • Joey and Jesse Buss are confirmed participants in the new ownership group.
  • The Buss brothers previously served as executives for the Los Angeles Lakers.
  • The Buss family sold their majority stake in the Lakers to Mark Walter last year.
  • Five of the six Buss heirs recently voted to sell their 17.8% minority stake in the Lakers to Josh Kushner and Bob Iger.
  • Jeanie Buss is currently contesting the sale of the remaining interest in the Lakers franchise.

Who's Mentioned

personJeanie Buss“Lakers governor contesting sale of interest”organizationSan Diego Padres“MLB team being purchased”personMark Walter“Owner of the Los Angeles Dodgers”personJoey Buss“New investor in the San Diego Padres”personJosé E. Feliciano“Lead investor of the new ownership group”personJosh Kushner“Investor in the Lakers”personKwanza Jones“Lead investor of the new ownership group”personBob Iger“Investor in the Lakers”personJesse Buss“New investor in the San Diego Padres”personJerry Buss“Former owner of the Lakers”