Jaguars Owner Wayne Weaver Selling Minority Share to Fred Smith, According To Report
by Alfie Crow on Nov 3, 2011 7:35 PM EDT
in Jacksonville Jaguars Rumors
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PrintAccording to a report by 1010XL, a local Jacksonville sports radio station, Fred Smith is buying a minority stake in the Jacksonville Jaguars with the intent to take over as owner of the franchise when current owner Wayne Weaver steps down. I haven't listened to any sports radio today, so I cannot comment on this report, but the following was posted on 1010XL's Facebook page:
Breaking news! 1010 XL has learned that Wayne Weaver is selling a piece of the Jaguar franchise to Fred Smith of Fed Ex as a minority owner. When Wayne decides it's time to retire Fred would then transition into the majority owner with the agreement that the team will remain in Jacksonville. It's not official yet, but we're told it's almost a done deal.
Jaguars owner Wayne Weaver denied this rumor prior to Monday Night Football in an interview with Chris Mortensen and later denied the rumor to Florida Times-Union columnist Gene Frenette. This has been a rumor in media circles and something I've investigated myself. Fred Smith, the current CEO of FedEx, has come up multiple times in people I've talked to, but I do not have anything solid to actually confirm this report. Personally, I do feel this is the succession plan for the Jaguars, however. I have also heard that when the team is sold, Wayne Weaver will attempt to have assurances in the sale that the team would stay in Jacksonville for a specific amount of time.
Currently, Fred Smith is the part-owner of the Washington Redskins. Back in 2009, Fred Smith was hotly rumored to be in the hunt to purchase the St. Louis Rams when they were going through an ownership change.
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Good News?
Hahaha well i wonder if he has the Daniel Synder Owner mentality….. which could mean we could pull in a ton of free agents. probably not a good thing but whatever
To Memphis?
Less chance of success there then here. No stadium, smaller population…Memphis isn’t feasible as an NFL city.
Fidelis Ad Mortem
whoa there mf'er!
Joking. I think this is a great thing for Jacksonville. The logistics angle is huge, as Jacksonville is a hub of the Southeast.
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FedEx and Everbank might be the two most liked companies in Jacksonville
"HULU: An evil plot to destroy the world. Enjoy"
"I find your lack of faith...Disturbing" - Darth Vader
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by TheTealDeal on Nov 3, 2011 8:15 PM EDT via mobile up reply actions
Wayne Weaver will attempt to have assurances in the sale that the team would stay in Jacksonville for a specific amount of time
The specific amount of time...
SHOULD BE FOREVER!
"HULU: An evil plot to destroy the world. Enjoy"
"I find your lack of faith...Disturbing" - Darth Vader
"Just Win, baby!"
by TheTealDeal on Nov 3, 2011 8:06 PM EDT via mobile up reply actions
attempt is a very big word in the sentence
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anything can happen, i guess… this could be good for jacksonville…. this could be the beginning of the end… of course, i hope the team never leaves, but that is well out of our control.
Sean
Pax Armis Acquiritur
Having an owner that is NOT Roski or the AEG folks is a pretty big deal
And, he’s got a very good stadium for about 10 years. The signage on Everbank looks a little funny, don’t it?
and Jax:
Obviously, the stadium in Jacksonville would be FedEx Ground Stadium.
One key development that will likely happen with said assurances, permanent closure of the road in front of the practice facility by the Fairgrounds and a Practice Bubble.
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I believe I have heard,
that Fred Smith’s wife has ties to Jax, from here originally or so?
"...I'm not trying to act giddy but the guy is a stud.'' - Terry McDonough, Director of Player Personnel, Jacksonville Jaguars
Part stakes? Maybe. But for full ownership, I would assume that as part of the NFL agreeing to the deal, he’d have to sell his stake in the Redskins back to Dan Snyder or to the league.
by BrotherFlounder on Nov 3, 2011 7:44 PM EDT up reply actions
I imagine he divested himself thus the name coming out publicly.
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He would have to sell his stake in the skins
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by floridafalcons#63 on Nov 4, 2011 8:06 AM EDT up reply actions
Interesting
I hope he commits big to Jacksonville.
Maybe FedEx us some wide recievers
"HULU: An evil plot to destroy the world. Enjoy"
"I find your lack of faith...Disturbing" - Darth Vader
"Just Win, baby!"
by TheTealDeal on Nov 3, 2011 8:07 PM EDT via mobile reply actions
Maybe he sends this team to London
i hope not
I just don't get the London talk
They were awful draws in World League and couldn’t sell out this past game. The only way London would work is if there was a 4 team division of Euro teams, like London, Barcelona, Frankfurt and Amsterdam.
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was that a compliment?
joking. I really don’t see how 1 foreign team would work, logistics would just kill them.
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no, it would take a separate contract
wouldn’t be too difficult, like an international business contract. it’s another level of complexity, though, and another reason why it’s simply a bad idea.
I think the real reason for the London stuff is to grow the sport over sees and get the kids playing it so the NFL can have a bigger talent pool, ala the NBA
by JohnnyBiceps on Nov 4, 2011 12:26 PM EDT up reply actions
Just saw on Twitter that the Jaguars denied the report.
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that confirms it for me
Since the Garrard situation and the leftwich release, denials mean nothing
"HULU: An evil plot to destroy the world. Enjoy"
"I find your lack of faith...Disturbing" - Darth Vader
"Just Win, baby!"
by TheTealDeal on Nov 3, 2011 8:28 PM EDT via mobile up reply actions
Wayne probably will try not to step down
until LA has a team, once that occurs, Jags are safe in JAX for a while.
"thanks for hating"
"Give it up now before its too late!…. CJ will be shut down? Nevermind, its already too late." AZ TiTan10
I honestly don't think LA getting a team plays into the equation
A question you (general) have to ask is does the NFL really want to be in LA? Sounds ridiculous on the surface, but the league’s biggest realistic bargaining chip goes away. Where else the NFL going, San Antonio? Oklahoma City? Portland? Birmingham?
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Portland, Oregon
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Nowhere in this story
Does xl cite a source. They “have learned,” attributable to one. Piss poor “journalism” on their report.
Section 442, RIP
"You think you know, but you don't know."
by unhipcat on Nov 3, 2011 8:40 PM EDT via mobile reply actions
"one" = "no one"
Section 442, RIP
"You think you know, but you don't know."
by unhipcat on Nov 3, 2011 8:41 PM EDT via mobile up reply actions
I read on teh inter-web
that Wayne is selling to Freddy Fedex and a “prominant Jacksonville Family”….wonder who that family is…
I'd imagine the Skinner family or perhaps the current minority owner would play a role.
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JAX-sales-not yet but WW has "a financial issue"
Alfie-great coverage and I will now during bye week let you know an intrepid reporter of the new “Dish”-Yahoo Sports will be given the financial smoking gun data from Weaver’s 2010 financial annual report-LLC Footwear.
Stay tuned-you are absolutely on the right track. Look for it for next Jax MNF game 12/5.
Jay Schachk
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