Major League Soccer commissioner Don Garber officially announced Austin FC as its 27th franchise Tuesday with the team expected to begin play during the 2021 MLS season.
Kirk Bohls of The Statesman provided comments from Californian majority owner Anthony Precourt, who said the ownership group will soon include more local investors.
"We will shortly be announcing that we'll be welcoming in local Austin partners into our ownership group," Precourt said. "I've had very productive conversations over the last year, and we have very strong interest in a great lineup of local Austinites that will be part of this going forward.