Blog Entry

Jaguars sold to Shahid Khan, staying in Jax

Posted on: November 29, 2011 11:06 am
Edited on: November 29, 2011 11:58 pm
 
Posted by Will Brinson

It's just another run-of-the-mill NFL news day in Jacksonville, Florida on Tuesday. First, Jack Del Rio was fired this morning, and now CBSSports.com's Mike Freeman is reporting that the Jaguars franchise are being recently sold (employees were informed on Tuesday morning) to auto-parts mogul Shahid Kahn ... but the team will reportedly remain in Jacksonville.

Oh, and Jags general manager Gene Smith received a three-year extension. So, yeah, nothing much going on in north Florida today.

Obviously the JDR news broke this morning, but before we could even put together a list of coaches who might replace Del Rio, word started swirling that the Jags were being sold.

Kahn, a Pakistani businessman and owner of Flex-N-Gate, will buy the Jaguars after an unsuccessful attempt to purchase the Rams in 2010 when minority shareholder Stan Kroenke exercised his right to match Kahn's bid for the team.

Previously, the Jags have been considered one of the top candidates for relocation to Los Angeles if/when an NFL stadium is ready to be filled, but Freeman reports that Weaver received written assurances from Kahn that he would keep the team in Jacksonville. Weaver wouldn't confirm those assurances in his press conference however and Kahn did not address them in his statement.

Jack Del Rio Fired

"I am honored to have recently signed an agreement with Wayne Weaver and his partners to purchase the Jacksonville Jaguars,” Khan said. “I have known Wayne for some time and have long admired his spirit, which nearly 20 years ago – against all odds – helped make the Jaguars and the National Football League a reality for Jacksonville and North Florida. Wayne’s legacy will be lasting, and I will always be grateful for Wayne’s trust and confidence in my commitment to the Jaguars, the NFL and the people of the Jacksonville community."

Shortly after chatter about the sale exploded, word broke that Smith received his extension this morning, and if you think about it, the timing of the whole shebang kind of makes sense.

Del Rio was canned by the regime (Weaver) that hired him, ensuring that the new owner's first act won't be to fire a head coach. Then the news leaks that the team's been sold and the employees have been informed. Whether or not the team will move is irrelevant for the moment, because it's important that the Jaguars maintain a semblance of stability to employees and fans.

The report that states the team will remain in Jacksonville does just that. And, finally, speaking of stability, Smith's presence over the next three years provides stability to an organization that will be looking for a head coach and determining whether or not Blaine Gabbert is the future of the franchise at quarterback.

And yes, since Smith drafted Gabbert in the 2011 NFL Draft, it's a safe bet he stays on as the franchise quarterback. Whether fans like him or not, that news probably comes as a little bit of relief, if only because it means there's some stability in Jacksonville on this hectic day.

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Comments

Since: Oct 10, 2011
Posted on: November 29, 2011 2:04 pm
 

Jaguars sold to Shahid Khan, staying in Jax

Get ready folks, here comes the London Jaguars!!!!!




Since: Dec 15, 2010
Posted on: November 29, 2011 2:02 pm
 

Jaguars sold to Shahid Khan, staying in Jax

Good points The Bison.


" I'll tell you why, it's because it's a college sports town, not a Pro sports town add to it that you have 2 other NFL franchises withing driving distance both of whom have won Superbowls and have are embedded in the state but first and foremost it's a college town."

If you replace "2 other" with "3 other" and "both of whom" with "2 out of the 3" thi statement applies perfectly to LA. USC & UCLA will also attract more attention than any LA NFL team.



Since: Jul 22, 2007
Posted on: November 29, 2011 2:01 pm
 

Jaguars sold to Shahid Khan, staying in Jax

Gatorfan if you think for a MINUTE that ANY NFL owner doesn't own their team to "make money" then you are sadly mistaken! 
The reason so many welathy businessmen want to own an NFL franchise is because it is a cash cow!
The league makes incredible amounts of money, is well run, is the most popular sports league in the US (Sorry MLB), is one of the most watched events week in and week out and it's championship game is watched by MILLIONS around the world.
It is ALL about the money! Sure you have some old time owners who are big football fans but deep down they are also businessmen, they had to be to acquire the funds to purchase their franchises and they had to use that same business acumen to keep their franchises and the league afloat and to make it what it is today!
So keep those delusions in your head that Khan is the only "business man" in the NFL but you're living in fantasy land if you stay with that belief.
One last question, WHY was Weaver so eager to sell? we've been hearing about it for YEARS!
So if the league is the cash cow that it is, that we know it is WHY was Weaver so willing to part with his piece of the NFL pie?
Conversely, what's to pstop the new owners from running into the same issues that lead Weaver to sell?
Facts! give me facts! not just some sort of blind assertion, give me facts to back up wwhat you say as I am very interested in hearing why this new owner is going to succeed where Weaver failed. 



Since: Jul 22, 2007
Posted on: November 29, 2011 1:55 pm
 

Jaguars sold to Shahid Khan, staying in Jax

Actually the assertion that Dodger stadium is in a bad area is inaccurate.
Ot's in Elysian Park and is surrounded by upper middle class neighborhoods like Silver lake and Los Feliz.
Dodger Stadium is one of the best and most safest stadiums to go to, they had that one issue with the guys who beat up Bryan Stow and you want to paint the whole area around Dodger Stadium as unsafe?
You are sadly mistaken if you do because that's just not accurate.
Watts & Compton are nowhere near Dodger Satdium and nor are they anywhere near where Farmers Field is going to be constructed so bringing them into the argument makes no sense.
Oh and Compton is not actually part of Los Angeles, it's in LA County but they have always been their own city, have their own mayor, city council, police force etc so no they are not a part of LA.
I won't deny that Watts is rough, every sity has it's rough areas but going back to my original point Farmers Field is not being constructed in Watts or near Watts so they have nothing to do with it.
San Diego is a BEAUTIFUL city! avergae temperture year round is 75-80 degrees with very little humidity, the beaches are clean, it's continually named as one of the best cities in America to live in and while it does have it's fair share of hispanic inhabitants the whole state of Florida has a large share of them too and just because San Diego embraces the culture that the city was founded upon with the Spanish missions and friars and doesn't try to tamp down it's hispanic population liek the state of Florida does don't try to paint San Diego as the bad guy because embracing that culture is what makes it San Diego.
If the city were in Florida they would have changed the name from San Diego to it's English translation which is "Saint Jimmy", which actually makes sense for Florida only I suspect it would be called "Saint Jimmy Joe Bob" or something podunk & red neck like that. 



Since: Oct 26, 2011
Posted on: November 29, 2011 1:54 pm
 

Jaguars sold to Shahid Khan, staying in Jax

LA blows. It's a degenerate town full of druggies, hookers, and losers. And San Diego is German for whale's vagina. Go back in your crack house loser.



Since: Oct 3, 2006
Posted on: November 29, 2011 1:53 pm
 

Jaguars sold to Shahid Khan, staying in Jax

I'm saying he isn't buying the team to help Jacksonville build a better team, he's buying to make money where ever he has to take the team. Weaver was all about keeping the team in Jacksonville. I understand it's a very small market being a Jacksonville native, and have been hearing alot of this from local reports. i'm not saying he's trying to ruin anything except taking the team out of Jacksonville. I really hope i am wrong and that he will do great things for us but he has no ties to North Florida and i don't see any reasons for him to have intentions to help Jacksonville



Since: May 16, 2007
Posted on: November 29, 2011 1:52 pm
 

Jaguars sold to Shahid Khan, staying in Jax

This article appeared in Feb 2010 on Khan - seems the deal fell through on the sale of the Rams when the ownership discovered eh intended to move the team to LA

Feb 2010 - Debbie Streusel

The St. Louis Rams just announced that the team is being sold by relatives of late owner Georgia Frontiere to Shahid Khan, a Pakistani Muslim (who is named for Islamic martyrdom) from Illinois, who owns Flex-N-Gate Corporation, an auto parts manufacturer.  But what’s interesting is that when Rush Limbaugh was a minority partner in a venture to buy the Rams, .

Not so with Khan, even though  .  Normally those would be a problem with the NFL ownership committee.  But maybe the NFL makes exceptions in the interest of Muslim affirmative action.  Hey, it’s a good thing the football is no longer made of real pigskin, right?  And in case you were wondering, his first name means “martyr,” as in martyr for Islam.  Islamic terrorists call themselves shahids.

So who is Shahid Kahn? . . . He and his wife are involved in some on-going financial legal battles. . . . Khan and his wife, Ann, filed law suits last summer in Champaign County Circuit Court against several financial advisors. The couple claims they lost money when misled on tax-advantaged investment strategies. According to court records, the IRS investigated the Khan’s tax returns between 1999 and 2003. They found potentially abusive [DS: translation, "illegal"] tax shelters involving $250 million.

Khan says he and his wife, Ann, quickly paid back the IRS $68 million, but he also appealed the payment. The Khan’s battle continues this week with his former financial advisors. They are being sued for negligence and professional malpractice for suggesting the couple invest in “distressed debt”, a strategy to lower taxes by using weak foreign currency. The next court date is scheduled for March 23.

Like I said, conservative minority owners in the NFL–verboten; but Muslim tax cheats named for Islamic martyrdom–YAY! Gee, I wonder if Mr. Khan will denounce HAMAS and Hezbollah. Actually, I don’t wonder because I know the answer: don’t bet on it.  And the spineless NFL and its owners won’t have the guts to ask him, either.




Since: Jul 22, 2007
Posted on: November 29, 2011 1:44 pm
 

Jaguars sold to Shahid Khan, staying in Jax

What makes you say he seems like a "dirty businessman"
Are you privvy to facts the rest of us aren't?
Give us the facts that you base that assertion from, any newspaper articles you can link to? anything at all?
The guy HAS to be on the up and up, to be an NFL owner you have to vetted more than someone running for President or Vice President, heck the NFL has former secret service agents running security for them and have for YEARS because of the fear of a serious gambling scandal since it is the most bet on sport in the US.
I'm sure they checked him thoroughly otherwise he wouldn't have been allowed to purchase the team.
But do share the information that lead you to saying he's a dirty business man as I'm interested in seeing it and I can make up my own mind. 



Since: Dec 28, 2010
Posted on: November 29, 2011 1:44 pm
 

Jaguars sold to Shahid Khan, staying in Jax

Jacksonville is trash and that will never change. I hope they move that team within the year. All the trash working for the team get on the alreadly lone unemployment line because the city is full and ran by losers!

LA now that is a great city only second to San Diego.



Since: Jul 22, 2007
Posted on: November 29, 2011 1:40 pm
 

Jaguars sold to Shahid Khan, staying in Jax

As for the Chargers situation, it doesn't look good for Charger fans in San Diego, you have a team owner who's been fighting for a new stadium for years to no avail.
You've also got a team that began their existence as a Los Angeles franchise - Barron Hilton founded the Chargers in LA, being a UCLA graduate he gave the Chargers UCLA colors.
After one year of miserable attendance Hilton ceded LA to Carroll Rosenbloom and the Rams and moved the team south which was too bad because with Sid Gillman coming in as coach and the exciting brand of football he brought with him the Chargers could have made a go of it in LA had they stuck it out.
I know Charger fans are passionate and don't want to lose their team but if this new owner in Jacksonville sticks with his plan then that's going to spell the end of the Chargers in San Diego.
The onlyt hing that will save the Chargers is if the Spanos family doesn't want to sell the team or at least controlling interest in the team because AEG - who worked to get the arena deal in LA for Farmers Field wants to own a team and be the majority owner of the team at that since it will be the city and state who owns Farmers Field.
I've said all along that Jacksonville was the right team to move to LA, it's not an NFL market, despite what any Jag fans say their attendance is awful, why do you think Wayne Weaver was so anxious to sell the team? We all know the NFL is a cash cow so why was he so willing to sell the team?
I'll tell you why, it's because it's a college sports town, not a Pro sports town add to it that you have 2 other NFL franchises withing driving distance both of whom have won Superbowls and have are embedded in the state but first and foremost it's a college town.
Mr. Khan will learn very quickly the same lessons Wayne Weaver learned and then we'll see how those written assurances hold up and Khan's desire to keep the team in Jacksonville wanes.
 


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