Report says there is nothing in PSV’s purchase contract binding the Crew to Columbus

Both Hunt and Columbus Mayor Michael Coleman said that a “key point in the sale was that the Crew remain in Columbus — although the contract does not contain language tying the team to the city.” PSV Managing Partner Anthony Precourt, who becomes the team’s Chair, “declined to disclose the purchase price” and “assumes ownership immediately, inheriting a team that has publicly identified two remaining objectives necessary to bring financial stability: selling naming rights to Crew Stadium and reaching 10,000 season ticket-holders.”

Link to Source

Still, the community “probably would have been better served if the Hunts had found a way to transfer the team to local ownership.” Hunt said of that notion, “I wouldn’t be concerned. We were trying to count it last night — there are eight or nine owners of MLS teams who live in California, so I don’t think it’s a problem as long as he’s committed to it, and I get the sense he’s going to be very committed. He’s going to spend a whole lot of time here in the market”.

Link to Dispatch Commentary

Leave a Reply

Your email address will not be published. Required fields are marked *