Austin FC has added five individuals to the club’s ownership group -- Jenny Just, Matt Hulsizer, Tench Coxe, Tanuj Gulati and Dave Snyderman -- all of whom acquired non-controlling, minority stakes. Austin FC founder & CEO Anthony Precourt retains majority ownership control and, notably, each additional member of the original investment group -- which also includes Austin FC co-founder Eduardo Margain as well as Marius Haas, Bryan Sheffield, Matthew McConaughey, David Kahn and Toby Neugebauer -- remain as owners of the club alongside Precourt in addition to the five newly named individuals. Precourt will continue as the club’s appointed Governor within MLS’ BOG, while Hulsizer will become the club’s Alternate Governor. Inner Circle Sports was the investment bank of record that represented Austin FC and its related entities for this transaction (Austin FC). Law firm Sidley Austin represented Just and Hulsizer in the transaction, while Covington represented the team (SBJ).
Austin FC adds five minority ownership stakes
