NFL’s Jacksonville Jaguars sold to Pakistani-born businessman Shahid Khan

November 29, 2011


Jaguars being sold to Illinois businessman Shahid Khan
Jaguars owner Wayne Weaver, without a succession plan, sold the Jaguars to a businessman who is expected to keep the team in Jacksonville.

By Tania Ganguli
JACKSONVILLE- For the first time ever, the Jaguars will have a new owner.

One day before the 18-year anniversary of the Jaguars being named an expansion franchise, the team told its employees Wayne Weaver sold the organization to Shahid Khan, a Pakistani-born businessman who tried to buy the St. Louis Rams last season. Khan will be the first minority to be a controlling owner of an NFL team.

He added that Khan will maintain the team’s management group.

“He’ll be hands-on … not day-to-day like I am … but he’ll be here…,” Weaver said.

The new owner will be introduced at Monday night’s game against the Chargers.

Weaver said he does not doubt that the Jaguars will remain in Jacksonville and also said Khan will buy a home in the area.

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