The Nashville Sounds are not for sale, but there is opportunity for additions or alterations to the ownership.
That was the message from co-owner and chief executive officer Frank Ward in a statement released by the team Thursday in response to speculation within the industry.
"I would like to make clear that the ongoing rumors and unsubstantiated reports that the team is for sale are wrong,” Ward said. “Both myself and my partner, Masahiro Honzawa, are passionately committed to professional baseball in this region and have no interest in selling the ball club.”
They are, however, prepared to offer a minority interest or interests and have decided to actively pursue additional investors.
“I would like to announce today is that we are entertaining offers from a number of individuals and corporations who have expressed an interest in becoming a minority shareholder in the club,” Ward said. “We have made it clear that any consideration would only be made to those people who share our commitment to keep the ball club in Nashville. It has always been our intention to embrace the people of this region in the future of the Sounds, a club they have supported since 1978."
The future of the Sounds, who currently serve as the Class AAA affiliate of the Milwaukee Brewers, has been uncertain for years, in part because of failed attempts to build a new stadium.
Greer Stadium opened in 1978 and lacks many of the amenities and features available at many other AAA stadiums. Numerous upgrades have been made in recent years, but it still is not viewed as a long-term option.
“We believe in Nashville's rich and colorful baseball history and believe the hard work of our staff over the past four seasons proves our commitment is long-term,” Ward said. “Despite the challenges of playing in the oldest ballpark in Triple-A baseball, we have elevated baseball's relevance within the Nashville sporting scene.”