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Closing Bell

Precourt Sports Ventures Rebrands As Two Oak Ventures

Precourt Sports Ventures is "no more," as the investor group that operates Austin FC is changing its name to Two Oak Ventures in the "first of several expected business-oriented moves over the coming months." Anthony Precourt remains CEO. Besides operating the MLS club, Two Oak Ventures will build and lease its 20,500-seat, $242M stadium. Local investors and training facility plans are "two of the items expected to be announced soon." Two Oak Ventures also will "explore potential real estate developments around the stadium at McKalla Place." The Two Oaks name is a "nod to the Austin FC crest" (AUSTIN AMERICAN-STATESMAN, 7/17).

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