Buss Brothers Expand Their Sporting Horizons Beyond the Lakers
Brothers Joey and Jesse Buss, key figures in the Los Angeles Lakers organization, are venturing into the world of professional sports with the launch of Buss Sports Capital, an investment firm seeking to identify opportunities and partnerships globally. Joey Buss, vice president of research and development for the Lakers, and Jesse Buss, assistant general manager, are leading this new project. Both brothers have played important roles within the franchise, inherited from their father, Dr. Jerry Buss, who acquired the team in 1979. In June, the Buss family agreed to sell its majority stake in the Lakers, valued at $10 billion, to Mark Walter, owner and CEO of the Los Angeles Dodgers and chairman of CWG Global. The sale is expected to be approved by the NBA’s board of governors in the coming months.Despite the sale, Joey and Jesse Buss will continue in their roles within the Lakers. Jeanie Buss, their older sister, will remain the principal governor of the team.
Buss Sports Capital has established a partnership with CAA Evolution to manage the transaction process and with EM Securities as a banking partner. Both brothers have developed their careers at the Lakers, focusing on talent acquisition and development. Joey has been president and CEO of the South Bay Lakers, the G League affiliate team, while Jesse has been involved in the player selection process throughout the year as director of scouting.Our vision is to seek strategic investments and good partners, specifically in the sports field. Buss Sports Capital will not compete with our interests in the Lakers or the NBA. This is our first step towards the future of sports. It’s exciting to see the growth opportunities, especially those where we can add value, given our experience.
Joey Buss
I’m excited to work with my brother, Joey, for the next 50 years and I hope this is something that will endure through our children. That’s what our father would have wanted.
Jesse Buss
