Anthony Precourt

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Anthony Precourt
Born
Jay Anthony Precourt Jr.

1969/1970 (age 49–50)[1]
Alma materPepperdine University (BA)
Dartmouth College Tuck School of Business (MBA)
Spouse(s)Agatha Matosek
Children3

Jay Anthony Precourt Jr.[2] (born c. 1969–70) is an American investor and sports team owner. He is the CEO of Two Oak Ventures (formerly Precourt Sports Ventures), a group that owns future Major League Soccer club Austin FC and formerly owned the Columbus Crew SC, an MLS soccer organization. He is also a managing partner of Precourt Capital Management, a private investment management firm based in San Francisco, California.

Education and career[edit]

Precourt grew up in San Francisco, California,[3] and graduated from Pepperdine University with a Bachelor of Arts in political science and from the Tuck School of Business at Dartmouth College with a Master of Business Administration.[4] He entered the corporate finance business with stints at Merrill Lynch, Alex. Brown & Sons, and WHV Investment Management.[5] He founded his own private equity firm, Precourt Capital Management, in 2008, focusing on the energy sector.[4][5]

MLS ownership[edit]

Precourt, who had a stated interest in soccer, formed Precourt Sports Ventures LLC in 2012 and looked to invest in Major League Soccer.[6] The firm bought the Columbus Crew SC from Clark Hunt for $68 million, then a record for a MLS franchise.[3][7] At the first Crew match he attended, several months before the sale was finalized, the scoreboard at Mapfre Stadium caught fire and delayed kickoff for hours.[6][8] Under Precourt's ownership, the Crew hired Gregg Berhalter as its manager and first sporting director;[9] and unveiled an updated brand identity that included a new logo and name with the suffix "SC".[10]

On October 17, 2017, Precourt Sports Ventures announced that it was considering moving the franchise in 2019 to Austin, Texas.[11] The move came as a surprise to Columbus leaders and fans.[12] After offering an apology on Twitter,[13] Precourt was the focus of anger from the team's supporters, culminating in the establishment of the Save the Crew movement.[14]

In December 2018, Precourt Sports Ventures announced they had negotiated an agreement with the City of Austin to build a $242 million stadium[15] on public land at 10414 McKalla Place,[16] following an evaluation of several other city-owned properties.[17] Construction began in 2019[18] and the stadium is expected to be ready in the spring of 2021.[19]

On January 1, 2019, ownership of Crew SC was preliminarily transferred from Precourt Sports Ventures to a group composed of Dee and Jimmy Haslam and Dr. Pete Edwards, who pledged to keep the Crew in Columbus and build a new stadium in downtown Columbus.[20] Austin FC was officially announced as the 27th MLS franchise on January 15, 2019 and is set to begin play in 2021.[21] Precourt Sports Ventures was rebranded as Two Oak Ventures in July 2019, with Precourt remaining as CEO,[22] and six Austin-based owners were added the following month. [23]

Personal life[edit]

Precourt is a native of San Francisco, California,[3] and he lives with his wife Agatha and three children.[6] His father is Jay Precourt, a former oil executive.[2][4] He owns a home in Austin, Texas.[21]

References[edit]

  1. ^ Bell, Jeff (July 30, 2013). "Columbus Crew sold to Precourt Sports Ventures, which pledges to keep team in Columbus". Columbus Business Journal. Retrieved December 11, 2017.
  2. ^ a b "Alumnus Jay Precourt commits $30 million to fund energy efficiency institute". Stanford University. October 5, 2006. Retrieved December 11, 2017.
  3. ^ a b c Jardy, Adam (July 30, 2013). "Crew under new ownership". The Columbus Dispatch. Retrieved December 11, 2017.
  4. ^ a b c Anderson, Will (October 18, 2017). "Who is Anthony Precourt? Get to know the man who might bring an MLS team to Austin". Austin Business Journal. Retrieved December 11, 2017.
  5. ^ a b "Anthony Precourt, Investor-Operator and Chairman - Columbus Crew SC and MAPFRE Stadium". Columbus Crew SC. Retrieved December 11, 2017.
  6. ^ a b c Thomas, Ian (July 27, 2015). "Precourt takes thoughtful approach in remaking Crew". Sports Business Daily. p. 3. Retrieved December 11, 2017.
  7. ^ Ozanian, Mike (August 1, 2013). "Columbus Crew Sold By Hunt Sports Group For Record $68 Million". Forbes. Retrieved December 11, 2017.
  8. ^ McCarthy, Kyle (February 3, 2014). "Stoppage Time: Columbus chairman and investor/operator Anthony Precourt". Fox Sports. Retrieved December 11, 2017.
  9. ^ Jardy, Adam (November 6, 2013). "Gregg Berhalter named coach". The Columbus Dispatch. Retrieved December 14, 2017.
  10. ^ Abnos, Alexander (October 8, 2014). "Columbus Crew unveil new logo, brand identity at downtown event". Sports Illustrated. Retrieved December 14, 2017.
  11. ^ Erickson, Andrew (October 18, 2017). "Without a Downtown stadium, Crew likely to bid adieu". The Columbus Dispatch. Retrieved December 11, 2017.
  12. ^ Newpoff, Laura (October 18, 2017). "MLS, Crew SC have been working on Austin relocation plan for months". Columbus Business Journal. Retrieved December 11, 2017.
  13. ^ Joseph, Andrew (October 19, 2017). "Furious Columbus Crew fans blast owner's Twitter apology for trying to move club". USA Today. Retrieved December 11, 2017.
  14. ^ King, Andrew (November 1, 2017). "Columbus playoff triumph foreshadows an awkward 2018". FourFourTwo. Retrieved December 11, 2017.
  15. ^ "Austin FC breaks ground on $242 million Major League Soccer stadium in North Austin".
  16. ^ "Statement from Precourt Sports Ventures". MLS2ATX. June 29, 2018. Archived from the original on July 2, 2018. Retrieved July 1, 2018.
  17. ^ "Strong 'no Guerrero' message to stadium debate". statesman. Retrieved July 1, 2018.
  18. ^ "City, Austin FC Break Ground on New Stadium". Austin Chronicke.
  19. ^ "City of Austin, Precourt Sports Ventures announce stadium deal agreement". Major League Soccer. December 19, 2018. Retrieved January 8, 2019.
  20. ^ Patrick Guldan and Pat Murphy (December 28, 2018). "Crew SC officially sold to Edwards, Haslam". MassiveReport.com. SB Nation. Retrieved January 1, 2019.
  21. ^ a b Bils, Chris; Bohls, Kirk (January 15, 2019). "Austin FC officially announced as 27th MLS club with 'local roots'". Austin American-Statesman. Retrieved January 15, 2019.
  22. ^ "Two Oak Ventures to own and operate Austin FC and attract local investors". MLSsoccer.com. July 17, 2019. Retrieved August 23, 2019.
  23. ^ "Two more investors round out Austin FC minority owners".