[5] He then started his own private equity firm, Precourt Capital Management, in 2008, focusing on the energy sector.
[7][8] 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 hours.
[6][9] Under Precourt's ownership, the Crew hired Gregg Berhalter as its manager and first sporting director;[10] and unveiled an updated brand identity that included a new logo and name with the suffix "SC".
[13] After offering an apology on Twitter,[14] Precourt was the focus of anger from the team's supporters, culminating in the establishment of the Save the Crew movement.
[15] 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,[16] following an evaluation of several other city-owned properties.