Jacksonville Jaguars sold; likely to stay in Florida

[Auggie]

The Wall Street Journal /11-30-11

NEW YORK—The Jacksonville Jaguars, long considered ripe for relocation, said Tuesday they have been sold to a businessman committed to keeping the team in town.

Owner Wayne Weaver agreed to sell the Jaguars to Pakistan native Shahid Khan, owner of auto parts maker Flex-N-Gate Group. The Jaguars, now in their 17th season, play in the National Football League's fourth smallest market but don't have the heritage of the smaller-market Green Bay Packers, Buffalo Bills and New Orleans Saints.

SNIP

Jacksonville's local struggles, together with its low valuation, have spurred talk that the team is among franchises that could relocate to Los Angeles, the second-biggest media market in the U.S., but one without a professional football team. Mr. Weaver, however, seems to have had other plans.

"I've had calls from California that I've refused to take," he said at Tuesday's press conference. "(I wanted to) find someone who has the same passion about...football in Jacksonville as we do."

MORE: http://online.wsj.com/article/SB10001424052970204449804577068521537649462.html?mod=googlenews_wsj

Good news for Jacksonville football fans, I guess. Bad news for fans of other franchises rumored to be relocated.

[trotsky]

1. Paid $760 million for them.

The guy is obviously a smart businessman. That means two things:

1) He knows how to lie very well.
2) He knows there's no freaking way he will recoup that kind of investment in the league's 4th-smallest market.

[trumad]

2. Jacksonville averages 62,000 per game...

Hell---more than Miami.

Weird how the biggest county in the country has the 4th smallest market.

I predict he moves to LA and renames them the LA Cougars.

[Auggie]

3. If the sale was predicated on the team staying in Jacksonville,

I would expect it to stay there.

Unless...

there are specific terms that Khan can move the team if financial or attendence goals are not met over a period time.

[RUMMYisFROSTED]

4. When you hear:

"...they have been sold to a businessman committed to keeping the team in town..."


...you know they're gone.

[Kingofalldems]

5. Can someone buy the Redskins from assboy Snyder?