Jaguars To Be Sold But Remain In Jacksonville, According To Report

JACKSONVILLE, FL - NOVEMBER 27: Fans of the Jacksonville Jaguars watch the release of 10,000 balloons to end halftime ceremones during play against the Houston Texans November 27, 2011 at EverBank Field in Jacksonville, Florida. The Texans won 20 - 13. (Photo by Al Messerschmidt/Getty Images)

ESPN reports the Jaguars are being sold though it's unclear to whom. They are expected to remain in Jacksonville, according to the report.

The Jacksonville Jaguars are set to be sold, according to a report from ESPN's Adam Schefter and Chris Mortensen. There's no word on how much of the team will be sold -- a minority or majority share -- or who's buying it but the ESPN report states that they are set to remain in Jacksonville. There's been plenty of speculation over the last year or so that Jacksonville could be the Los Angeles franchise but apparently that's not happening.

Rumors were making the rounds earlier this month that Fred Smith, CEO of FedEx, was prepared to buy a minority share of the team and planned to buy a majority share when Weaver retired. The Jags denied those rumors to our Jaguars blog, Big Cat Country, at the time.

This continues a busy, busy day for the Jaguars who also fired head coach Jack Del Rio and extended the contract of GM Gene Smith for three years on Tuesday.

Visit SB Nation's Big Cat Country for more on the Jags plans to sell the team.

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