Former MLB pitcher Dave Stewart has been brought on by the Music City Baseball group, which is hoping to field an MLB expansion team, the Nashville Stars—to lead its Diverse Equity Ownership Initiative, per Bob Nightengale of USA Today and Howard Bryant of ESPN.

Per those reports, Stewart will focus on landing investors of color. The group will include former U.S. Attorney General Alberto Gonzales and is expected to raise around $2 billion for the project.

"The time has come for Black ownership in Major League Baseball," Stewart told Nightengale.

He told Bryant, meanwhile, that Nashville is on the league's short list of potential expansion locations.