BREAKING: The Buss brothers are making headlines with the launch of their new sports investment firm, Buss Sports Capital, aimed at expanding their influence beyond the Los Angeles Lakers. Joey Buss, the Lakers’ vice president of research and development, and Jesse Buss, assistant general manager, announced this exciting venture today, signaling a new era in professional sports acquisitions.
In a statement to ESPN, Joey Buss emphasized that the firm will focus on strategic investments and partnerships across the global sports landscape. “Our vision is to really go after strategic investments and good partners — specifically sports-related investments,” he said. This development comes on the heels of the Buss family’s agreement to sell their controlling stake in the Lakers at a staggering $10 billion valuation to Mark Walter, owner of the Los Angeles Dodgers.
The sale, expected to be ratified by the NBA board of governors in the coming months, will not see the Buss brothers step away from their Lakers roles. They will continue to serve the team with their older sister, Jeanie Buss, remaining as the primary team governor for the foreseeable future.
Buss Sports Capital has partnered with CAA Evolution to lead its transaction process, while EM Securities will act as the banking partner. This strategic move indicates the Buss family’s commitment to leveraging their extensive experience in talent acquisition and development, built during their time with the Lakers organization.
Jesse Buss expressed enthusiasm for the venture, stating, “I look forward to working with my brother, Joey, for the next 50 years, and hopefully, this is something that can live through our children.” His remarks reflect the family legacy initiated by their father, the late Dr. Jerry Buss, who purchased the Lakers in 1979.
The launch of Buss Sports Capital represents a significant shift in the Buss brothers’ trajectory, demonstrating their ambition to explore new growth opportunities in sports. Joey Buss highlighted, “This is our first step to where the future of sports is going to lead us.” As the sports investment landscape continues to evolve, all eyes will be on Buss Sports Capital to see what innovative partnerships and acquisitions they pursue.
With their proven track record and deep ties to the Lakers, the Buss brothers are poised to make a significant impact in the sports investment world. Fans and investors alike are eager to see what the future holds for Buss Sports Capital. Stay tuned for more updates on this developing story as the Buss brothers embark on this ambitious new chapter.
