The Jacksonville Jaguars are reportedly being sold to Illinois-based auto parts magnate Shahid Khan, according to Peter King. Further details on the sale of the team are emerging. News that the Jaguars will be sold comes on the same day the team fired its head coach and gave its general manager a contract extension.
Khan's name is a familiar one in the exclusive club of NFL owners. In 2010, he was all set to purchase a sixty percent share of the St. Louis Rams from the children of the late Georgia Frontiere. Rams' minority owner Stan Kroenke exercised his right to purchase the remaining sixty percent of the team at the last minute, leaving Khan looking for another route to NFL ownership.
While Khan was in talks to buy the Rams, he stated that he planned to keep the team in St. Louis. Early reports about the sale of the Jaguars seem to indicate that the team will also be staying put.