AUSTIN (KXAN) — Austin FC’s under construction, north Austin stadium will now be known as Q2 Stadium.

On Monday, the club announced its naming rights will go to the Austin-based, global software company for banking and finance as the 2021 debut season inches closer to kickoff. The club says the agreement is a multiyear naming rights partnership for the $260 million stadium.

The 20,500 seat stadium is still on track to be completed in Spring 2021, according to the club.

Austin FC Founder, Majority Owner and Chief Executive Officer, Anthony Precourt; Austin FC Co-Founder and Owner, Eddie Margain; and Austin FC President, Andy Loughnane, were on hand for the ceremony.

  • Q2 Stadium - Austin FC stadium ceremony
  • Q2 Stadium - Austin FC naming rights ceremony

The 2021 MLS season, which would be the first for Austin FC, is still scheduled to start in the middle of March, but ongoing labor negotiations between the league and the MLS Players Association could cause a delay. The two sides are still in negotiations on a new collective bargaining agreement as the COVID-19 pandemic causes more financial concerns for the league.

Austin FC had the first pick in the MLS SuperDraft last week, selecting Virginia Tech midfielder Daniel Pereira with the top overall spot.

The 20-year-old Venezuelan played two years with the Hokies before turning pro. He left Blacksburg with six goals and six assists in 26 total appearances. All but one goal and one assist came in his first year on campus, when he was named to the All-ACC freshman team.

After five picks in the SuperDraft, Austin FC’s roster is up to 22 players. Each club can have 30 players on the roster and 18 active players for games.