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Report: Shahid Khan Will Buy The Jacksonville Jaguars

News of Jacksonville Jaguars owner Wayne Weaver selling the team this morning, and now we learn who the new owner will be. According to Tania Ganguli of the Florida Times-Union, the team will be sold to the Pakistani born Shahid Khan. Khan owns an automotive parts company called Flex-N-Gate Corp and was in play to buy the St. Louis Rams when they were for sale previously.

Khan is a resident of Illinois and is another self-made multi-millionaire, like Wayne Weaver himself. According to previous reports, the team will remain in Jacksonville. In 2010, Khan had entered into an agreement to buy 60% of the St. Louis Rams, but minority owner Stan Kroenke had the ability to match the offer and he did, ultimately buying the franchise.

The Jaguars have scheduled a noon press conference, where they are expected to announce the sale of the franchise and the firing of head coach Jack Del Rio.