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.

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.

The NBA has formally approved the sale of the Boston Celtics to an investor group led by Bill Chisholm. The league's approval comes nearly five months after the Celtics' ownership agreed to sell the franchise to Chisholm for $6.1 billion, a record for the most a North American professional sports franchise has ever sold for.