The sale of the Boston Celtics has been finalized. An investor group led by private equity mogul William Chisholm took control of the NBA’s most-decorated franchise from a group led by Wyc Grousbeck that had owned the team since 2002.

The Boston Celtics announced the team's sale as the ownership transfers from long-time owner Wyc Grousbeck to Bill Chisholm. The Celtics sale is valued at $6.1

There were concerns that he might not return after his contract was up, and his status in terms of health was unclear after a knee injury.

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

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