Pakistan-born Khan to buy Jacksonville Jaguars

NEW YORK (MarketWatch) — The Jacksonville Jaguars, long considered ripe for relocation, on Tuesday announced a sale to a businessman committed to keeping the team in town.
Owner Wayne Weaver agreed to sell the Jaguars, ranked as the least-valuable National Football League franchise, to Pakistan native Shahid Khan, owner of auto-parts maker Flex-N-Gate Group. If the sale is approved, Khan will become the first NFL owner born in Asia.

Financial terms of the deal weren’t disclosed, though The Wall Street Journal cited a person familiar with the deal as saying the team sold for about $750 million. Forbes recently valued the franchise at $725 million, the lowest of any NFL team. Weaver has owned the franchise since its inception in 1995.
At a press conference Tuesday, Weaver said that the sale was “not about money, but finding the right partner to continue the legacy we’ve started here.”
The Jaguars have in recent years battled for the attention of local fans. In 2009 the team had several home games blacked out — NFL rules say games cannot be shown on television locally if they haven’t sold out 72 hours before kickoff — and this season it has worked hard to avoid having its games yanked off TV. The Team Teal initiative, dedicated to boosting support in the local community, has been credited with helping the club avoid blackouts over the past two seasons.

The 60-year-old Khan moved to the U.S from Pakistan in 1967 to attend the University of Illinois at Urbana-Champaign. He began working at Flex-N-Gate in 1970 while still a student, then left in 1978 but returned to buy the company in 1980. Almost two-thirds of all North American pickup trucks and sport-utility vehicles have bumper systems made by a Flex-N-Gate company.
Weaver said Khan plans to keep the Jaguars management and staff in place, albeit without longtime head coach Jack Del Rio, whom Weaver fired Tuesday. The team is struggling this season, with a 3-8 record, and had a regular-season record of 68-71 under Del Rio, with one playoff win and two losses.

Added Khan in a statement, “I will be fully committed to delivering Jacksonville its first Super Bowl championship. This is a franchise with tons of potential, playing in a community that is passionate about football and loves to win. I can’t think of a better place to be.”
The proposed sale will now go through the NFL’s vetting process and should be put to an owners’ vote on Dec. 14, said Weaver. He said he expects the deal to close in early January

home game will be in lahore

finally Googs get to move and change he name

Googs can ask Khan for a Job :

Foot Dactah fuh the Jaguars ... :yeti:

let Khan know is Guyana national animal !!

new Sheriff in Town!