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SBD/July 31, 2013/Franchises
Precourt Sports Ventures Buys MLS Crew After Efforts To Find Local Investors Fail
Published July 31, 2013
PRECOURT'S PLANS: Hunt said that his family contacted Precourt about "becoming a minority investor in the Crew, but Precourt said he was only interested in becoming principal owner." In Columbus, Jeff Bell noted the Hunts, who also own FC Dallas, "have been encouraged" by MLS in recent years to "sell one of its teams as the league moves away from its old model of one group owning more than one franchise." Precourt said that his "goal is to make the Crew the 'standard bearer' in" MLS and "believes Columbus is the place to do that" (BIZJOURNALS.com, 7/30). Also in Columbus, Bob Hunter writes of the sale, "There are plenty of reasons to feel good about this: Precourt was oozing enthusiasm during and after the news conference where he was introduced, and he seemed genuinely excited to tackle any problems the franchise has." Still, the community "probably would have been better served if the Hunts had found a way to transfer the team to local ownership." Hunt said of that notion, "I wouldn’t be concerned. We were trying to count it last night -- there are eight or nine owners of MLS teams who live in California, so I don’t think it’s a problem as long as he’s committed to it, and I get the sense he’s going to be very committed. He’s going to spend a whole lot of time here in the market" (COLUMBUS DISPATCH, 7/31).