UPDATED with latest: It’s a great day to be a Lakers fan. And not just because of Austin Reaves’ epic game winner last night.

Dodgers controlling owner Mark Walter , who has spared no expense on that team since he took over, has finalized a deal to purchase controlling interest in Los Angeles ‘ other fabled sports franchise: The L.A. Lakers. The NBA Board of Governors approved the sale this morning.

The Buss family, which has owned the team for 46 years, will still have a stake. “ Jeanie Buss will remain Governor of the Los Angeles Lakers and continue to oversee day-to-day team operations for the foreseeable future,” Walter said in a statement. (One slight caveat: A memo from the Board of Governors noted that Buss’ involvement is guaranteed for “at least five years.”)

“The

See Full Page