Austin FC welcomes McConaughey, other Austinites into ownership group

Talk 1370 Newsroom
August 23, 2019 - 12:15 pm

courtesy Austin FC


AUSTIN ( -- New partners with deep Austin ties are joining the ownership group of the city's Major League Soccer franchise, the team announced Friday morning.

Two Oak Ventures says Austinites Eddie Margain, Matthew McConaughey, Marius Haas and Bryan Sheffield are new partners in the team. "It is my privilege to welcome my new partners to Austin FC," Anthony Precourt, majority partner and CEO of Austin FC and Two Oak Ventures, said. "This group knows and loves the city of Austin and the beautiful game. I can’t think of anyone better to help us realize our ambitions as a soccer club for this entire community."

Notable among the group is McConaughey, the Academy Award-winning actor recently dubbed the Minister of Culture by the University of Texas Longhorns for their new basketball arena. Margain is a technology entrepreneur and founder of PIXIU Investments, while Haas is a tech executive who is president and chief commercial officer of Dell Technologies and Sheffield is an energy entrepreneur who is founder and Executive Chairman of Austin-based Parsley Energy.

"It’s been so fun to bring together this group of friends to invest in an amazing organization that will impact so many of our fellow Austinites," said Margain, who will be appointed Alternate Governor of Austin FC within Major League Soccer’s Board of Governors. "Austin FC is going to bring the best of professional soccer to our city, and my hope is that we inspire more Austin kids to play and enjoy this beautiful sport."

"Austin FC is more than a quality investment FOR Austin, it’s a quality investment IN Austin. The most diverse and borderless game in the world is now coming to one of the most multi-cultural, creative and diverse cities in the world. Austin FC is a healthy investment in our city’s culture and future," said McConaughey.

The team is expected to break ground on its new stadium at McKalla Place on September 5, with construction set to be completed in Spring 2021.

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