Precourt, who had a stated interest in soccer, formed Precourt Sports Ventures LLC in 2012 and looked to invest in
Major League Soccer. The firm bought the
Columbus Crew from
Clark Hunt for $68 million, then a record for a MLS franchise. 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 about an hour. Under Precourt's ownership, the Crew hired
Gregg Berhalter as its manager and first sporting director; and unveiled an updated brand identity that included a new logo and name with the suffix "SC". On October 17, 2017, Precourt Sports Ventures announced that it was considering moving the franchise in 2019 to
Austin, Texas. The move came as a surprise to Columbus leaders and fans. After offering an apology on
Twitter, Precourt was the focus of anger from the team's supporters, culminating in the establishment of the
Save the Crew movement. In December 2018, Precourt Sports Ventures announced they had negotiated an agreement with the City of Austin to build a $242 million stadium on public land at 10414 McKalla Place, following an evaluation of several other city-owned properties. Construction began in 2019, and
Q2 Stadium opened in 2021, hosting its first soccer match on June 16, 2021. 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.
Austin FC was officially announced as the 27th MLS franchise on January 15, 2019 and began play in 2021. Precourt Sports Ventures was rebranded as Two Oak Ventures in July 2019, with Precourt remaining as CEO, and six Austin-based owners were added the following month. ==Personal life==