Jacksonville Jaguars Being Sold to Shahid Khan

Bio of Shahid Khan, who will buy the Jaguars

Jaguars owner Wayne Weaver announced the team has been sold to Shahid Khan.

Here is his biography:

Khan came to the United States from his native Pakistan in 1967 and attended the Univeristy of Illinois at Urbana-Champaign. In 1970, he began working for Flex-N-Gate Corporation. He graduated from the University of Illinois in 1971 with a Bachelor of Science in Industrial Engineering.

Khan began a new business designing and manufacturing innovative lightweight, continuous metal bumper systems, with no seams to corrode or rust. Nearly two-thirds of all North American pick-up trucks and sport utilities have bumper systems based on Khan's designs.

In 1980, Khan purchased Flex-N-Gate. It now employs more than 10,000 associates at 48 manufacturing plants with annual sales exceeding $3 billion.

Khan has been a major donor to the University of Illinois. In September, he and his wife, Ann Carlson Khan, made a $10 million donation to the Urbana-Champaign campus.

In February of last year, Khan tried to buy the Rams, but he lost out when then-Rams minority owner Stan Kroenke excercised an option to become the full owner.

Khan will be the first minority to be a controlling owner of an NFL team.

During a press conference in Jacksonville on Tuesday, current Jaguars owner Wayne Weaver said that Khan will purchase a house in Jacksonville and intends to keep the team in the city. Khan is expected to attend the Week 13 Chargers-Jaguars game on Monday night, and will be introduced to the members of the organization and the media at that time.