The Columbus Crew has announced that Precourt Sports Ventures LLC has acquired the operating rights to the Major League Soccer club from Hunt Sports Group, which has owned and run it since its inception in 1996.
Precourt is a privately held investment and management firm.
The sale was announced at a news conference on Tuesday.
Clark Hunt, son of the late oilman and sports magnate Lamar Hunt who built the Crew and was a founding father of MLS, said it was a ''bittersweet'' day for his family and company. Hunt Sports Group is still investor-operator of MLS's FC Dallas franchise.
The Crew won the MLS Cup in 2008.