• Loading stock data...
Friday, May 3, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

MLB Ownership Group Eyes South’s Fastest-Growing Sports Hub

  • A group headed by retired ace Dave Stewart is looking to bring an MLB team to Nashville.
  • The group expects to raise $2 billion.
Dave-Stewart-MLB
Music City Baseball

Major League Baseball has not announced any expansion plans beyond its current 30 teams, but a group headed by retired ace Dave Stewart is ready for the moment it does.

Stewart was tapped by Music City Baseball to helm a group looking to bring an MLB team to Nashville.

  • Stewart is prioritizing minority investors, saying, “The time has come for Black ownership in Major League Baseball.”
  • He said the group plans to raise $2 billion to purchase an expansion team.
  • MLB commissioner Rob Manfred said last year that $2.2 billion would be “a lodestar in terms of evaluating expansion opportunity.”

The league’s current priority is to find new homes for the Oakland A’s and Tampa Bay Rays, but once those situations are settled, it is widely believed that the league will look to add teams.

The planned name for the Nashville team is the Stars, an homage to the Negro League team that played there in the 1940s and 1950s.

Music City Moves

Nashville has quickly become one of the South’s major sports hubs.

The city gained the NHL’s Nashville Predators in 1998 and the NFL’s Tennessee Titans the following year. Nashville Soccer Club joined MLS in 2020. The city played host to the NFL Draft in 2019 and hopes to do it again in 2024 or 2025.

Meanwhile, the Titans are in negotiations with the local government on a new stadium, and in August, the city will host IndyCar’s Music City Grand Prix, which debuted last year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

‘Massive Disruption’ for MLB, NHL Teams: Comcast, DSG Deal Expires

Bally Sports parent and the second-largest U.S. cable distributor fail to come to terms.

New Report Shows How Bookie Laundered Ohtani’s Stolen Cash

Ohtani’s stolen money wound up in a Las Vegas casino.

The A’s Still Have a $1.5B Question: Where’s the Money Coming From?

Team owner John Fisher reportedly looks to raise $500 million to help fund a new ballpark.

Nike’s Failed Attempt at ‘Innovating’ MLB Uniforms Leads to an About-Face

Nike is set to make a series of changes to the MLB uniforms after unrelenting criticism.
podcast thumbnail mobile
Front Office Sports Today

How Red Bull Laps the F1 Competition and Builds the Brand

0:00
0:00

Featured Today

Just Like We Drew It Up? Stadium Renderings Can Excite, Confound, and Anger

During a historic wave of development, drawings wield more power than ever.
The scene in the green room behind the NFL Draft Theater in Detroit on Tuesday, April 23, 2024. Thirteen college players who will be picked in the first round will be waiting in this large room with friends, family, agents and college coaches on Thursday night.
April 27, 2024

More NFL Draft Prospects Are Staying Home, and TV Networks Are Adjusting

Whether making or missing out on millions, more prospects are staying home.
April 21, 2024

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

‘Baseless Corporate Conspiracy’: Hedge Fund Heats Up Feud Between NBA Owners

The Mat Ishbia–Dan Gilbert feud has exploded into view this week.
March 14, 2024

Chiefs’ President Threatens Team Could Leave Kansas City If Voters Don’t Give It Money

The Hunt family’s cheapness continues to show after Super Bowl title.
March 25, 2024

Tony Clark Appears to Be Winning Fight Over Baseball’s Union

Some players had recently called for the removal of Clark’s top negotiator.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
IRS
February 15, 2024

IRS to Start Auditing Sports Owners

Audit increase comes with the agency’s increased enforcement budget.
Theo Epstein
February 2, 2024

Theo Epstein Returns Home, Joins Fenway Sports Group

The 50-year-old will serve as a senior adviser to the ownership group.
January 24, 2024

Former Tottenham Owner Pleads Guilty to Insider Trading Charges

Tottenham is worth $2.8 billion and owned by Lewis’s family trust.
Mark Cuban and Dallas Mavericks.
November 28, 2023

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

Miriam Adelson is selling a portion of her Las Vegas Sands Corp stock.