The Buss brothers, recently having sold their controlling interest in the Los Angeles Lakers, are joining the ownership group of the San Diego Padres through their new firm. This move follows the completion of their sale of the Lakers basketball franchise.
According to ESPN, the Buss brothers’ new firm will be part of the Padres’ ownership. This comes after the family sold their controlling interest in the Lakers to a group led by Todd Boehly and Mark Walter in July.
The Buss family had owned the Lakers since 1979, a period marked by 17 NBA championships. The sale of the Lakers marked the end of an era for the family’s involvement with the iconic basketball franchise. Their transition into the Padres ownership group represents a continued investment in professional sports. ESPN reported no additional information on the specifics of their involvement beyond their firm becoming part of the ownership group.
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