Billie Jean King and her partner, Ilana Kloss, have joined the Los Angeles Dodgers ownership group.

The team made the announcement on Thursday afternoon.

King, Walter and CEO Stan Kasten will hold a news conference Friday at Dodger Stadium. King and Kloss also will become part of the ownership group of the WNBA's Los Angeles Sparks.

In 2014, King and Kloss co-founded the Billie Jean King Leadership Initiative, which addresses diversity and inclusion in the workplace.