When Austin FC played its first-ever home game at Q2 Stadium on June 19, 2021, it was more than just a soccer match. It was the moment Austin, Texas, officially joined the ranks of major American sports cities. The crowd was electric, the verde and black scarves were waving, and the man sitting at the very top of it all — the one who had bet everything on bringing Major League Soccer to one of America’s fastest-growing cities — was Anthony Precourt. Nearly six years later, that bet has turned into a club now valued at over $900 million, with one of the most star-studded ownership groups in MLS and a stadium that sells out every single home game.
So who actually owns Austin FC? The answer is layered, local, and genuinely fascinating.
What Is Austin FC?
Austin FC is a Major League Soccer (MLS) club based in Austin, Texas. It competes in the Western Conference of MLS and plays its home games at Q2 Stadium — a 20,738-seat, soccer-specific venue located at McKalla Place in north Austin. The 2026 season marks the club’s sixth year in MLS, with Davy Arnaud serving as interim head coach following a managerial change mid-season.
Two Oak Ventures is the parent company that owns the rights to operate Austin FC of Major League Soccer. It also operates the club’s academy, its MLS Next Pro franchise, and Q2 Stadium.
Who Is the Owner of Austin FC in 2026?
The direct answer: Austin FC is owned by Two Oak Ventures, a private holding company. At the top of that structure sits Anthony Precourt — Founder, CEO, and majority owner of the club.
Austin FC Founder and CEO Anthony Precourt holds majority ownership control of the club. Original investment group members including Austin FC co-founder Eduardo Margain, Marius Haas, Bryan Sheffield, Matthew McConaughey, David Kahn, and Toby Neugebauer remain as owners alongside Precourt and newly named investors.
Anthony Precourt will remain the club’s primary governor and its majority shareholder via Precourt Sports Ventures. The five new backers — Jenny Just, Matt Hulsizer, Tench Coxe, Dave Snyderman, Tanuj Gulati — all came into Two Oak Ventures, which owns the MLS team, operates its academy, its MLS Next Pro franchise, and Q2 Stadium.
Austin FC Ownership and Key Stakeholders Table
| Owner / Investor | Role | Stake Type | Key Detail |
|---|---|---|---|
| Anthony Precourt | Founder, CEO & Majority Owner | Majority controlling stake | Leads Two Oak Ventures; MLS Board of Governors representative |
| Eduardo (Eddie) Margain | Co-Founder & Minority Owner | Minority stake | Tech entrepreneur; founder of PIXIU Investments; original 2019 partner |
| Matthew McConaughey | Minority Owner & Minister of Culture | Minority stake | Academy Award-winning actor; University of Texas alum; joined 2019 |
| Marius Haas | Minority Owner | Minority stake | President & Chief Commercial Officer of Dell Technologies; joined 2019 |
| Bryan Sheffield | Minority Owner | Minority stake | Energy executive; founder of Parsley Energy; joined 2019 |
| David Kahn | Minority Owner | Minority stake | Former NBA executive; original investment group member |
| Toby Neugebauer | Minority Owner | Minority stake | Texas investor and entrepreneur; original investment group member |
| Jenny Just & Matt Hulsizer | Minority Owners (2025) | Non-controlling minority stake | Co-founders of PEAK6 Investments; previous backers of Bournemouth and Wolves |
| Tench Coxe | Minority Owner (2025) | Non-controlling minority stake | Billionaire; Nvidia board member since 1993; former MD at Sutter Hill |
| Dave Snyderman | Minority Owner (2025) | Non-controlling minority stake | Managing partner and global head of alternative credit at Magnetar Capital |
| Tanuj Gulati | Minority Owner (2025) | Non-controlling minority stake | Co-founder and former CTO of Securonix |
| Jon-Erik Borgen / FirstTracks Sports Ventures | Minority Owner (2025) | Non-controlling minority stake | Completed the planned equity raise; joined October 2025 |
Who Is Anthony Precourt? The Man Behind Austin FC
No story about Austin FC ownership is complete without understanding the man who made it all happen.
Anthony Precourt is a California-born businessman and sports investor with an estimated net worth of approximately $2.5 billion. Precourt’s astute acquisitions of Austin FC and the former Columbus Crew have played a significant role in his financial ascent. In 2013, he acquired the Columbus Crew for $68 million and later sold the team for a substantial profit. His move to establish Austin FC in 2019, with an expansion fee of $150 million, further cemented his reputation as a savvy investor.
The Columbus Crew chapter is a critical part of the Precourt story — and a controversial one. He attempted to relocate the Crew from Columbus, Ohio to Austin between 2017 and 2019, a move that outraged Columbus fans and triggered one of the biggest fan-ownership battles in American soccer history. Columbus fans, the city, and eventually the state of Ohio rallied together to keep the team. Precourt ultimately walked away, selling his controlling interest in the Crew while retaining his plans for Austin — and instead secured an MLS expansion slot for a brand-new club. That club became Austin FC.
Two Oak Ventures privately funded the $260 million venue — Q2 Stadium — which opened in 2021, but it is owned by the City of Austin. That distinction matters: Precourt paid for the stadium out of pocket, making it one of the only privately financed, soccer-specific stadiums in MLS history. The city owns the land and the building, while Two Oak Ventures operates it under a long-term lease.
The Valuation Story: From $150 Million to $900 Million
The financial trajectory of Austin FC is one of the most impressive in recent MLS history.
Precourt transformed an initial investment of $150 million — the MLS expansion fee — into a sports powerhouse.
Austin FC recently added five new minority owners in a series of transactions that assigned the MLS club an enterprise value of more than $900 million, according to multiple people familiar with the matter.
That valuation makes Austin FC one of the most valuable clubs in MLS. According to figures from Forbes, Austin FC is valued at approximately $750 million on the conservative end, with the 2025 equity raise transactions pointing to a valuation exceeding $900 million based on the prices at which minority stakes changed hands.
Austin FC generated $98 million in total revenue during the 2025 season, with an EBITDA of $5 million, per CNBC’s official Global Soccer Team Valuations 2026 report.
The Celebrity Factor: Matthew McConaughey’s Role
Of all the names in the Austin FC ownership group, the most recognizable one outside of soccer circles is Matthew McConaughey.
Matthew McConaughey, an Academy Award-winning actor and University of Texas alum, joined the Austin FC ownership group in August 2019 as a minority investor. He serves as the club’s Minister of Culture — an unofficial but deeply important role that connects the club to the fabric of Austin’s identity.
McConaughey called the investment part of his personal legacy: “This is about legacy for me. This is an investment in my children and our city’s future and our children’s future. It’s something I want to outlive me and outlive my children.”
McConaughey is not just a passive investor writing a check. He shows up at Q2 Stadium regularly, leads supporter culture from the stands, and has become one of the most visible ambassadors for Austin FC and for MLS in general. His involvement brought national media attention to the club long before its first game was ever played.
The 2025 Ownership Expansion: Six New Investors
In July 2025, Austin FC completed the most significant expansion of its ownership group since the club’s founding — bringing in six new investors who collectively pushed the club’s valuation past $900 million.
Austin FC announced the addition of five individuals to the club’s ownership group: Jenny Just, Matt Hulsizer, Tench Coxe, Tanuj Gulati, and Dave Snyderman. The new members, who all have residence in Austin, acquired non-controlling minority stakes in the club.
Jenny Just and Matt Hulsizer of PEAK6 are no strangers to soccer investment, having previously held stakes in Bournemouth and Wolves in England and Irish club Dundalk.
Austin FC later announced the addition of FirstTracks Sports Ventures, managed by Jon-Erik Borgen, as the final piece of the equity raise — marking the successful completion of a planned capital raise that was finalized within 12 months.
Throughout all of these transactions, one thing never changed: Austin FC Founder, CEO, and Majority Owner Anthony Precourt, together with his family, retains majority ownership control of the club.
Q2 Stadium: The House That Precourt Built
Q2 Stadium — full name Q2 Stadium at McKalla Place — has a seating capacity of 20,738 and was built at a cost of approximately $260 million. It was fully financed and built with private money by Precourt Sports Ventures, though stadium ownership is held by the City of Austin. The club has the ability to extend the lease up to three times, with each extension being ten years. The stadium was designed by Gensler and built by Austin Commercial, with groundbreaking on September 9, 2019 and opening on June 16, 2021.
Every single home game at Q2 Stadium has been a sellout — a remarkable achievement for a club that did not exist five years ago. The stadium’s atmosphere, driven by the passionate La Murga de Austin supporter section, has become one of the most talked-about gameday experiences in American soccer.
Frequently Asked Questions (FAQs)
Q1. Who is the majority owner of Austin FC?
Anthony Precourt is the Founder, CEO, and majority owner of Austin FC through his company Two Oak Ventures.
Q2. What company owns Austin FC?
Austin FC is owned and operated by Two Oak Ventures LLC, a private holding company founded and controlled by Anthony Precourt.
Q3. Is Matthew McConaughey an owner of Austin FC?
Yes. Matthew McConaughey is a minority owner and Minister of Culture of Austin FC, having joined the ownership group in August 2019.
Q4. How much is Austin FC worth in 2026?
Austin FC was assigned an enterprise value of more than $900 million during its 2025 equity raise, up from a $150 million expansion fee paid in 2019.
Q5. Who are the newest owners of Austin FC?
In 2025, six new investors joined: Jenny Just, Matt Hulsizer, Tench Coxe, Dave Snyderman, Tanuj Gulati, and Jon-Erik Borgen of FirstTracks Sports Ventures.
Q6. When did Austin FC join MLS?
Austin FC played its inaugural MLS season in 2021, making it one of the newest franchises in the league at the time of its debut.
Q7. Who owns Q2 Stadium in Austin?
The City of Austin owns Q2 Stadium, but Two Oak Ventures privately financed its $260 million construction and operates it under a long-term lease agreement.
Q8. What is Austin FC’s revenue in 2026?
Austin FC generated $98 million in total revenue during the 2025 season, according to CNBC’s official Global Soccer Team Valuations 2026 report.
Austin FC is owned by Two Oak Ventures, a private holding company controlled by Anthony Precourt — the club’s Founder, CEO, and majority owner. Precourt paid a $150 million MLS expansion fee in 2019, privately financed a $260 million stadium, and assembled one of the most diverse and accomplished ownership groups in MLS — including Matthew McConaughey, Dell’s Marius Haas, PEAK6’s Jenny Just and Matt Hulsizer, Nvidia board member Tench Coxe, and six other investors who joined in 2025.
The club is now valued at over $900 million — a nearly 600% increase on Precourt’s original $150 million investment — generating $98 million in annual revenue. Austin FC is in its sixth MLS season in 2026, playing at a sold-out Q2 Stadium in front of some of the most passionate supporters in American soccer.
