Take a swing? Two Buss brothers consider investing in baseball’s Athletics
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Could two members of the Buss family add some green and gold to their purple and gold?
Joey and Jesse Buss, fired last month as Lakers executives, have explored pursuing an ownership stake in baseball’s Athletics, according to two people familiar with the discussions but not authorized to speak publicly about them.
The discussions were described as preliminary, and it is unclear whether they might result in a deal. Jesse Buss did not reply to a message seeking comment.
In September, Joey and Jesse — sons of legendary Lakers owner Jerry Buss — announced the launch of Buss Sports Capital “to pursue high-impact investment opportunities across the global sports ecosystem.” The announcement said Buss Sports Capital would aim “to partner with forward-thinking professionals to unlock new opportunities in professional sports.”
Joey and Jesse Buss retain their stakes of Lakers ownership. In October, Dodgers owner Mark Walter closed his purchase of majority ownership in the Lakers, in a deal that valued the Lakers at $10 billion. Walter tasked Dodgers president of baseball operations Andrew Friedman and former general manager Farhan Zaidi to assess the Lakers’ front office operations.
Last month, Joey Buss was dismissed as vice president of research and development and Jesse Buss as assistant general manager.
The brothers along with scouts have been relieved of their duties in the first shakeup of the team since Mark Walter became majority owner.
The A’s left Oakland after the 2024 season. They plan to move from their temporary Sacramento home to Las Vegas in 2028, and construction there is underway on an enclosed 30,000-seat stadium originally estimated to cost $1.5 billion. In July, team owner John Fisher told the Nevada Independent the cost had risen into “the $2 billion range.”
Fisher obtained $380 million in public funding. He is responsible for the balance of construction costs. In 2023, The Times first reported that Fisher hoped to generate $500 million toward stadium costs by valuing the A’s at $2 billion and selling 25% of the team to minority investors.
Fisher has since used a higher valuation in soliciting investors. CNBC last year estimated the A’s franchise value at $2 billion, Forbes at $1.8 billion, and Sportico at $1.6 billion.
The A’s have posted four consecutive losing seasons. They say they are rebuilding toward their planned 2028 arrival in Las Vegas, and they have an impressive core of position players, including first baseman Nick Kurtz — the American League rookie of the year — shortstop Jacob Wilson, catcher Shea Langeliers, designated hitter Brent Rooker, and outfielders Lawrence Butler and Tyler Soderstrom.
Times staff writer Broderick Turner contributed to this report.
