Austin FC reaches naming rights deal for Q2 Stadium

Posted January 25, 2021 6:00 am

The Associated Press

Q2 Holdings Inc. CEO Matt Flake, left, and Austin FC majority owner Anthony Precourt, second from left, take part in a ribbon cutting as the team's new stadium is named Q2 Stadium, Monday, Jan. 25, 2021, in Austin, Texas. (AP Photo/Eric Gay) The Associated Press

AUSTIN, Texas (AP) - Major League Soccer expansion franchise Austin FC has reached a naming rights deal for its new $260 million stadium with Q2 Holdings, Inc., a developer of online banking software.

Financial terms of the deal were not released at Monday's announcement for rebranding Q2 Stadium, a 20,500-seat facility that was a major link to bringing the club to Austin.

As part of the deal, Austin-based Q2 and Austin FC will send about $150,000 to local non-profit organizations.

The deal is another layer of the club signing financial deals with Austin-based companies. YETI, a drinkware and cooler company, is the official jersey sponsor.

The stadium is still under construction and isn't expected to host an MLS match until June. The league announced Monday it plans to start the 2021 season April 3.

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Dignitaries gather for a ribbon cutting at Austin FC's new stadium under construction which has been named Q2 Stadium, Monday, Jan. 25, 2021, in Austin, Texas. (AP Photo/Eric Gay) The Associated Press

Q2 Holdings Inc. CEO Matt Flake, center, talks with the media following a ribbon cutting where the Austin FC's new stadium was named Q2 Stadium, Monday, Jan. 25, 2021, in Austin, Texas. (AP Photo/Eric Gay) The Associated Press

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