Two Oak Ventures named Austin FC parent company

Major League Soccer expansion team Austin FC has gained a new parent company and ownership group.

The team – and related assets including a new $242m stadium and a $35m training facility – will now be run by Two Oak Ventures, replacing Precourt Sports Ventures which previously operated Columbus Crew SC.

Anthony Precourt will serve as chairman and chief executive of Two Oak Ventures, as well as performing the same roles for Austin FC, which will join MLS in 2021. Dave Greeley will serve as Two Oak Ventures president and Lori McKirnan will be the group’s chief financial officer.

Two Oak Ventures will announce local Austin investors in the near term, according to a press release.