Wednesday, October 21, 2026

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

Want more from Front Office Sports
in your search results?

Add Front Office Sports on Google

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.

This field is for validation purposes and should be left unchanged.

Sign up for the
Asset Class Newsletter

Get the latest in sports finance, investment, and transaction activity, straight to your inbox once a week.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 7, 2026; Bronx, New York, USA; New York Yankees right fielder Aaron Judge (99) against the Tampa Bay Rays in game three of the ALDS for the 2026 MLB Playoffs at Yankee Stadium.

Steinbrenner Lays Blame for Yankees Playoff Loss With Players

The club’s managing general partners made several pointed remarks.

AUSL Hasn’t Recognized Pro Softball Players Union Yet

The new AUSL Players Association wants the league at the bargaining table.
Sep 27, 2026; Seattle, Washington, USA; Seattle Mariners left fielder Randy Arozarena (56) celebrates at second base after hitting a two-run double during the sixth inning against the Los Angeles Angels at T-Mobile Park.

MLB Qualifying Offer Figure Rises Amid Labor Strife

An uncertain offseason for MLB is quickly approaching.
Football - NFL - Houston Texans v Jacksonville Jaguars - Wembley Stadium, London, Britain - October 18, 2026 The necklace of a Jacksonville Jaguars fan outside the stadium before the match

Die-Hard Sports Fandom Has Reached the Afterlife

Will fans pay $6,000 to memorialize their team loyalty?
podcast thumbnail mobile
Front Office Sports Today

10/21/26 – T-Mac Backs Clippers Penalty, 80-to-1 Rays Haunt Sportsbooks, Jay-Z Picks Jay-Z

0:00

Featured Today

Why Europe Is Pumping Out NBA Superstars

The NBA and NCAA have an increasingly European flavor.
October 15, 2026

College Flag Football Is Outgrowing Its DIY Era

Women have been building the college game themselves at the club level.
Oct 5, 2026; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins general manager Kyle Dubas arrives at the arena before the Penguins host the Winnipeg Jets at PPG Paints Arena
October 12, 2026

NHL’s New Wave of GMs Is Built Different

“I am in the prediction business,” Devils GM Sunny Mehta tells FOS.
Action Images/Peter Cziborra
October 9, 2026

Is Leicester City’s $264 Million Price Tag Too Rich for Hungry Investors?

After falling from grace, how much is a former top club worth?
Oct 3, 2026; Starkville, Mississippi, USA; Alabama Crimson Tide head coach Kalen DeBoer waits to run onto the field prior to the game against the Mississippi State Bulldogs at Davis Wade Stadium at Scott Field. Mandatory Credit: Petre Thomas-Imagn Images
October 7, 2026

Who Is Alabama Football in Year 3 Under Kalen DeBoer?

The No. 6 Crimson Tide host No. 2 Georgia on Saturday.

Diamond Baseball Holdings Interested in ‘Any and All’ MiLB Teams

The Silver Lake–backed entity remains on the hunt for more teams.
Exclusive
September 15, 2026

Novig CEO Says Sydney Sweeney Drove Visuals of Nude Ad

“We never intended to portray female sports,” Jacob Fortinsky told FOS.
Sam Porter
September 15, 2026

Private Equity Giant Apollo Taking ‘Hard Look’ at NFL Investment

Apollo isn’t on the NFL’s approved PE list—yet.
Sponsored

Blake Griffin’s Plan for Media Domination

The former NBA star is building a second act across media & entertainment.
Mar 28, 2025; Minneapolis, Minnesota, USA; Minnesota Timberwolves minority owners Marc Lore and Alex Rodriguez celebrate the team's win over the Phoenix Suns at Target Center
August 21, 2026

Why Flood of NBA Team Sales Isn’t Slowing

Often it’s less about love of team, more about love of returns.
May 24, 2026; Las Vegas, NV, USA; Yoni Andica (COL) during the weightlifting competition at the Enhanced Games at Resorts World Las Vegas. Mandatory Credit:
August 18, 2026

Enhanced Games Parent Company Posts $62M Loss After Debut Event

Enhanced Groups is now focusing on supplements and smaller events.
Tennis - French Open - Roland Garros, Paris, France - May 28, 2026 France's Moise Kouame reacts during his second round match against Paraguay's Adolfo Daniel Vallejo REUTERS/Guglielmo Mangiapane
May 29, 2026

Lawyers Explain Odd Case of Moïse Kouamé’s French Open Prize Money

Kouamé has secured nearly $220,000 by advancing to Round 3 in Paris.
Oct 12, 2025; Kansas City, Missouri, USA; Kansas City Chiefs tight end Travis Kelce (87) takes the field prior to a game against the Detroit Lions at GEHA Field at Arrowhead Stadium.
October 23, 2025

Can Travis Kelce Save Six Flags?

The NFL star joined an activist investor in pushing for change.