Buss Sports Capital has joined Kwanza Jones and Jose E. Feliciano's San Diego Padres ownership group, Joey and Jesse Buss announced Wednesday. The longtime Los Angeles Lakers executives started the investment firm after their family sold its majority ownership share of the Lakers to billionaire businessman Mark Walter last year. The firm aims to identify acquisitions and partnerships across the global sports landscape.

Joey and Jesse announced they will be on the new ownership group's advisory board and apply their experience with player development, payroll management and roster construction to support this new era in Padres franchise history. Their stake in the Padres is in the neighborhood of 5%, sources told ESPN.

Feliciano, the co-founder and managing partner of the private equity firm Clearlake Capital, and his wife Jones, a singer-songwriter, closed on their purchase of the Padres last week at a $3.9 billion valuation -- a record for any Major League Baseball team.

"We are honored to join Kwanza and José and have the opportunity to contribute to the future of a team that Jesse and I have loved since we were kids growing up in San Diego," Joey Buss said in a statement. "Sports have always been a part of our family's story, and great organizations have a unique ability to bring people together and create a lasting sense of community. Padres fans have built one of the most passionate and loyal communities in all of sports, and we believe there is a tremendous opportunity to deepen that connection in San Diego and around the world."