This Boston transition is different than the one happening in Los Angeles where Lakers heiress Jeanie Buss will remain as the team’s governor for the next five seasons after selling majority ownership of the team to businessman and Dodgers owner Mark Walter at a historic $10 billion valuation.

The sale of the Boston Celtics was finalized on Tuesday, with private equity mogul Bill Chisholm taking over control of the NBA’s most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades.