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.

New owner William Chisholm's investor group will lead the team and former owner Wyc Grousbeck will serve as team CEO.

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

Current Boston Celtics owner Wyc Grousbeck will no longer serve as lead governor following the team's $6.1 billion sale, ESPN's Shams Charania reported Tuesday. New owner Bill Chisholm, a managing partner at Symphony Technology Group, will assume the title of lead governor.

The Celtics have made it official with the leadership structure between new governor Bill Chisholm and longtime owner Wyc Grousbeck.

Bill Chisholm has officially completed his $6.1 billion purchase of the Celtics from Wyc Grousbeck and is the team's new owner.

The sale of the Boston Celtics was finalized Tuesday, with Bill Chisholm taking over control of the NBA’s most-decorated franchise from Wyc Grousbeck.

Another returning name is Rob Hale, who was also a minority owner. He is the founder and CEO of Granite Telecommunications. He was complimentary of Chisholm after the sale was announced a few months ago and has been a known Celtics co-owner throughout the sales process.