The Boston Celtics have a new owner, and there's one thing that isn't going to change at the NBA's most-decorated franchise. “Coming in second is not the objective, and it’s not acceptable,” private equity mogul Bill Chisholm said Tuesday after taking control of the team from Wyc Grousbeck.

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

A group headed by Bill Chisholm is set to take control of the Boston Celtics after the NBA Board of Governors unanimously approved the sale on Wednesday.