For the second time this offseason, the Major League Rugby team in Austin has a new name and a new home.

The rebranded Austin Gilgronis — previously Austin Elite Rugby, and most recently the Austin Herd — are under new ownership and will play their 2020 home matches at Bold Stadium within Circuit of the Americas, it was announced on Wednesday.

Australia-based Loyals LLC, under CEO Matt Burgess, purchased the team from previous owner Richard Osborn, and the “Gilgronis” name is a reference to a new cocktail — think negroni — that the same investment group, led by Adam Gilchrist, plans to release soon.

As part of its takeover, the new ownership group has designs on updating the amenities at the stadium used by USL Championship team Austin Bold FC, and has agreed to fund any necessary expansion should crowds outgrow the current 5,036-seat capacity.

“Fans can look forward to high-adrenaline matches and pregame festivities, including a human fireball, fire spinner, fire breathers, BBQ championships, cheerleading championships, and much more,” Burgess said in a press release. “Each game is going to bring the same high-stakes and competitive energy Texas sports fans demand but with a focus on premium entertainment around the match for both corporate and community supporters.”

Austin Elite Rugby was founded in 2018 as a charter member of MLR. It played its first season at the Round Rock Multipurpose Complex before moving to Dell Diamond for the majority of its matches in 2019. The team struggled on the field and in the stands, with an 0-16 record and average crowds of fewer than 1,000 fans.

The Gilgronis are hoping to improve in both areas, starting with lower ticket prices starting at $8 for general admission and $10 for reserved seats. For families, the team has floated the idea of capping prices at $5 per person.

Tim Prukop, COTA chief revenue officer, said plans are being discussed for a training facility that could house both the Gilgronis and the Bold on COTA property near fields where the Bold currently trains. Loyals LLC wants to create hospitality suites and a pool bar, with a hot-tub behind one of the goals, among other upgrades to the stadium.

“We cannot wait to welcome the Gilgronis to COTA and look forward to adding one of the most exciting sports in the world to our one-of-a-kind sports and entertainment destination,” Prukop said in the release. “The Gilgronis will offer COTA guests yet another way to experience the thrill of being alive, and we are proud to help them move the needle in their business.”

The Gilgronis, or the AGs, open their season Feb. 9 with a home match against the Toronto Arrows. Their full schedule and ticket information can be found at gilgronis.com.