Former Lakers Owners Raise Eyebrows with Investment in New Sports Team
Summary
Joey and Jesse Buss, sons of former Los Angeles Lakers owner Jerry Buss, are buying about 5% of the San Diego Padres baseball team through their investment firm. They previously sold their stake in the Lakers and plan to use their sports experience to help the Padres grow, even though the rival Los Angeles Dodgers hold a majority stake and lead their division.Key Facts
- Joey and Jesse Buss are children of former Lakers owner Jerry Buss.
- They are buying approximately 5% ownership in the San Diego Padres.
- Their investment is through Buss Sports Capital.
- The Padres’ majority ownership group includes Kwanza Jones and Jose E. Feliciano.
- The Buss family sold their majority stake in the Lakers last year.
- The Lakers were sold to Dodgers owner Mark Walter and later to Robert Iger and Josh Kushner.
- Joey and Jesse say they have been Padres fans since childhood, not Dodgers fans.
- They aim to apply lessons learned from basketball team management to help the Padres succeed.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
