Jacksonville Jaguars being sold to new owner

[The GIGGAS]

No idea who the owner is at this point, but @AdamSchefter reports:

Quote:

Filed to ESPN: Jaguars employees were informed today that the team is being sold

I'm sure Wayne Weaver will have it in the contract that the team has to remain in Jacksonville for a set amount of time, so I'm not terrified of any "impending dangers". For instance, the team has not blacked out a game since 2009.

With that being said, I didn't know Wayne Weaver wanted to get out now. Huge Jaguar news day, with JDR being fired and now WW leaving.

[p_rushing]

I wonder how much he is selling. It has been rumored that he was selling a minority share to Fedex. None of his kids wanted the team, so he was going to end up selling it at some point. Schefter also said that the team will remain in Jacksonville per deal. Plus it will take a lot of money to try and get out of the lease, plus all the court and lawyer fees.

[canes6812]

Shahid Khan

http://www.firstcoastnews.com/news/b...to-Shahid-Khan

[cjonesfan921]

Successful business man...

http://en.wikipedia.org/wiki/Shahid_Khan

[SPTO]

Interesting....BTW on the FedEx point, I thought corporations weren't allowed to own NFL teams and that includes minority shares....

Anywho, nice to see that the team is being taken over by a successful business man who'll keep the team in JAX.

[The GIGGAS]

Quote: Originally Posted by SPTO

Interesting....BTW on the FedEx point, I thought corporations weren't allowed to own NFL teams and that includes minority shares....

The rumor was to Fred Smith, the CEO of FedEx.

[aholbert32]

No way this team is in Jacksonville in 3 years. They just need to show losses for 3 straight years and pay 60 mil to get out of the lease. In the next two years they will be able to show the losses (especially since they are obligated to use 90% of the salary cap).

Unless AEG gets a better deal (like the Chargers), I could easily see them lending the new owner 60 mil to get out of the lease and fill the new LA stadium.

[ImTellinTim]

Quote: Originally Posted by aholbert32

No way this team is in Jacksonville in 3 years. They just need to show losses for 3 straight years and pay 60 mil to get out of the lease. In the next two years they will be able to show the losses (especially since they are obligated to use 90% of the salary cap). Unless AEG gets a better deal (like the Chargers), I could easily see them lending the new owner 60 mil to get out of the lease and fill the new LA stadium.

Exactly. Money always finds a way to make more money. Jags fans have to hope their team isn't the LA pawn.

Current owner can put all the clauses in and say whatever he wants. I would never listen to what an owner trying to sell a team is saying. Particularly one in a small market.

[aholbert32]

Quote: Originally Posted by ImTellinTim

Exactly. Money always finds a way to make more money. Jags fans have to hope their team isn't the LA pawn. Current owner can put all the clauses in and say whatever he wants. I would never listen to what an owner trying to sell a team is saying. Particularly one in a small market.

Also Weaver just said at the press conference that there are no restrictions so Khan can move the team if he wants.

[ImTellinTim]

Ouch. Well, I still think the Chargers or Vikings are more likely to be the LA team. Jags fans probably don't have to worry quite yet.