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 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.

The Boston Red Sox signed first baseman Nathaniel Lowe to a one-year contract Monday, two days after he was released by the Washington Nationals. To make room on the roster, the Red Sox placed outfielder Rob Refsnyder on the 10-day injured list with a strained muscle on his left side.