Jacksonville Jaguars Sold To Shahid Khan For $760 Million, According To Report

As we all know, the Jacksonville Jaguars were sold to Illinois businessman Shahid Khan today. According to a report by Forbes, the team was purchased for $760 million. In August, the team was reported to be valued at about $725 million. In the press conference announcing the sale, Wayne Weaver said that the deal was an "all cash transaction".

Wayne Weaver has sold the Jacksonville Jaguars to Shahid Khan, a Pakistan-born entrepreneur and head of Illinois-based Flex-N-Gate Corp, for $760 million. People familiar with the matter say Kahn used $350 million of debt to finance the deal.

The deal has been approved already by commissioner Rodger Goodell and is expected to pass in the owners financial committee, 7-0. There are eight chairs on the committee, but Wayne Weaver will abstain from voting. After that, it will make it's way to the next owners meeting in December and is expected to pass.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Big Cat Country

You must be a member of Big Cat Country to participate.

We have our own Community Guidelines at Big Cat Country. You should read them.

Join Big Cat Country

You must be a member of Big Cat Country to participate.

We have our own Community Guidelines at Big Cat Country. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker