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Jaguars Sold To Pakistan-Born Businessman
Source: Agencies |
December 1, 2011, Thursday
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THE Jacksonville Jaguars have reached an agreement to sell the small-market franchise to Pakistan-born businessman Shahid Khan.
Majority owner Wayne Weaver made the announcement on Tuesday, hours after he fired coach Jack Del Rio and gave general manager Gene Smith a three-year contract extension. Khan will have 100 percent control of the team.
Weaver called Khan "a great American success story" and said the entrepreneur will keep the team in Jacksonville. Khan had been a candidate to buy controlling interest in the St. Louis Rams last year.
The sale of the franchise and the firing of Del Rio are the city's most significant news since the team's inception in 1993.
Del Rio, who was 11 games into his ninth NFL season with the Jaguars, last led the team to the playoffs during the 2007 campaign. His team was eliminated from playoff this year after Sunday's loss dropped them to 3-8.
Majority owner Wayne Weaver made the announcement on Tuesday, hours after he fired coach Jack Del Rio and gave general manager Gene Smith a three-year contract extension. Khan will have 100 percent control of the team.
Weaver called Khan "a great American success story" and said the entrepreneur will keep the team in Jacksonville. Khan had been a candidate to buy controlling interest in the St. Louis Rams last year.
The sale of the franchise and the firing of Del Rio are the city's most significant news since the team's inception in 1993.
Del Rio, who was 11 games into his ninth NFL season with the Jaguars, last led the team to the playoffs during the 2007 campaign. His team was eliminated from playoff this year after Sunday's loss dropped them to 3-8.
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