The Phoenix Suns guard will be in charge of Vancouver along with business partner Jeff Mallett.
On the prospect of launching the club with a David Beckham-type signing, Nash said: "Well, it would be great if it could happen, but it’s a tough one because of the timing of guys coming over. I’ve been lucky enough to meet some of the great players in Europe, and become friends with them, so that would be a lot of pressure on me to say I could land one of them.
"But if one of the guys I know from Europe would love to come to North America, I’d do my best to get them in a Whitecaps uniform.
"I’m being very forthright; it’s not a Champions League, it’s not European First Division soccer, but it is growing and developing and is soccer at its highest possible level on the continent. And with the hopes and ambitions to develop soccer and continually improve one day we’ll be competitive with anyone in the world.
"Yeah, it might take a generation, but maybe it takes less. Maybe it takes the passion of many people in the Lower Mainland and the youth to really have big dreams and go out there and try and be world class players."
Nash also told the Vancouver Sun that he's "110 per cent" behind keeping the Whitecaps moniker to the Vancouver name.