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MLS team LAFC unveils logo and Will Ferrell as part-owner

Los Angeles Football Club unveiled their official crest and colors on Thursday -- along with a new celebrity part-owner.

The Major League Soccer team showed off the logo at news conference at Union Station in Los Angeles.

LAFC, which will begin playing in 2018, replaces Chivas USA as the second MLS team in southern California.

Actor Will Ferrell was also introduced as a part-owner on Thursday, joining a long, celebrity-studded list of investors.

"This is not a joke." Will Ferrell announced as #LAFC co-owner. pic.twitter.com/IJKJ7sEWzF

- ESPN FC (@ESPNFC) January 7, 2016

The club is owned by Malaysian billionaire Vincent Tan and American venture capitalist Henry Nguyen with Magic Johnson, Peter Guber, Tony Robbins, Mia Hamm and Nomar Garciaparra among the minority partners.