LOS ANGELES -- Two of the Buss family brothers are venturing into professional sports beyond the Los Angeles Lakers . Joey Buss, the Lakers' alternate governor and vice president of research and development, and Jesse Buss, the Lakers' assistant general manager, are launching Buss Sports Capital, sources told ESPN. The new business is an investment firm aimed at identifying acquisitions and partnerships across the global sports landscape.

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

In June, the Buss family agreed to sell their controlling stake of the team at a $10 billion franchise valuation to

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