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.

The ownership group led by Bill Chisholm has officially taken control of the team, and circulated a release to that effect with the team Tuesday.