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Saturday, 3 December 2011

NFL: Pakistan mogul buys Jacksonville Jaguars

Wasif Chudhary

On Tuesday morning, Jacksonville Jaguars owner Wayne Weaver signed a deal with 61-year-old Pakistani-born businessman Shahid Khan to sell the team and allow it to remain in Jacksonville, Florida. Price? Forbes has reported it at $760 million.
Nothing was officially written in the contract about Khan keeping the team in its home state, but he said,
“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.” (ChinaPost)
The business Titan Shadid Khan was the perfect answer for 77-year Wayne Weaver, who was seriously looking to retire yet not have to worry about the team being sold and forced out of state. Khan had attempted to purchase the St. Louis Rams last year, but failed in the bid.
The winning bid was Stan Kroenke, who also owns the Arsenal F.C. in Northern London. Kroenke had previously owned the Colorado Rockies, Denver Nuggets and Pepsi Center before he purchased the Rams.

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