The sale of the Boston Celtics has been finalized. Private equity mogul Bill Chisholm has taken control of the NBA’s most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades.

The Boston Celtics now officially belong to Bill Chisholm. The investor group led by the Chisholm has completed its acquisition of the majority control of the franchise, the Celtics announced Tuesday.

Further details of the Celtics sale, including more co-owners, were released by the team following approval from the NBA's Board of Governors.