Big changes have come to the Los Angeles Lakers since the start of the calendar year. They traded for young generational superstar Luka Doncic while giving up another superstar in Anthony Davis back in February, and a few months later, the Buss family agreed to sell a majority share of the franchise to Mark Walter, a billionaire who is the primary owner of the Los Angeles Dodgers.

The sale of that stake to Walter is expected to become official in the coming months, and in the meantime, two members of the Buss family are launching a new venture.

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Joey and Jesse Buss are reportedly starting Buss Sports Capital, according to Dave McMenamin and Shams Charania of ESPN.

“Joey Buss, the Lakers’ alternate governor and vice president of research and development, and Jesse Buss, the team’s assistant general manager, are launching Buss Sports Capital. The new business is an investment firm aimed at identifying acquisitions and partnerships across the global sports landscape.

“Joey, 41, and Jesse, 37, worked their way up serving various roles for the Lakers organization, which was purchased by their father, the late Jerry Buss, in 1979 and passed on to his children in a trust after his death in 2013.”

Both members of the Buss clan won’t be giving up their main venture, however.

“… Both brothers will remain with the Lakers after the sale is finalized, with their older sister, Jeanie Buss, continuing to serve as the primary team governor for the foreseeable future, sources said.”

Under the ownership of Dr. Jerry Buss, the Lakers won 10 NBA championships and reached the championship series 16 times. Since his death, the franchise has won it all once, but it has also missed the playoffs seven times and lost in the first round of the playoffs four times.

However, the arrival of Doncic has seemingly restored the Lakers’ mystique, not to mention their championship hopes, in a sizable fashion.

“Our vision is to really go after strategic investments and good partners — specifically sports-related investments,” Joey Buss told ESPN. “Buss Sports Capital is not going to compete with our interests in the Lakers or the NBA. This is our first step towards where the future of sports is going to lead us. It is exciting to see what growth opportunities exist — particularly opportunities that we can add value to, given our skill sets.”

Jesse Buss has served as the Lakers’ director of scouting for about a decade. He has apparently had a hand in the franchise finding some diamonds in the rough late in the draft.

“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,” Jesse Buss told ESPN. “That’s what our dad would have wanted.”

The Lakers were sold to Walter for a franchise valuation of approximately $10 billion, which was a new record for a United States pro sports franchise, per ESPN.

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This article originally appeared on LeBron Wire: Joey Buss, Jesse Buss start sports acquisition business