Two Oak Ventures named as new controlling company for Austin FC

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Austin FC, the city’s future Major League Soccer team, announced July 17 it has transitioned to operate under Two Oak Ventures, a new parent company and ownership group created by Precourt Sports Ventures executives.

Two Oak Ventures will formally replace Precourt Sports Ventures in the role overseeing Austin FC and its related assets, which include the stadium at McKalla Place as well as upcoming training facility St. David’s Performance Center, according to a news release.

Anthony Precourt will retain his role as chairman and CEO of the new ownership group, according to the news release.

Dave Greeley, who previously served as president for Precourt Sports Ventures, will transition into the same role at Two Oak Ventures. Chief Financial Officer Lori McKirnan, who has experience in the world of professional sports after stints with the Columbus Crew and Atlanta Falcons, will additionally retain her role at Two Oak Ventures.

Precourt said the team will soon announce “a prominent group of local Austinites” who have joined the investment group at Two Oak Ventures.

“Given MLS’s growth trajectory, to be successful and compete for championships and to realize our full ambition as a soccer club, we have to be more than a soccer club. Two Oak will help us realize that vision. Bringing in strategic, local investors will also play a key role in this evolution,” Precourt said in the news release.

The ownership group also stated in the release it “will be looking to post jobs for local residents,” though Austin FC did not expand on what those jobs will be or when they will be posted.

Community Impact Newspaper has reached out to Austin FC for comment and will update this article as more news becomes available.

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Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the reporter for Northwest Austin.
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