Shahid Khan has quickly become one of the most polarizing owners in sports and is attempting to conquer the NFL landscape and the professional wrestling world. Khan has his hands in many different ventures as he has grown his fortune and reach over the years.
As owner of the Jacksonville Jaguars, Khan made the Jags a legitimate contender for a Super Bowl. With the NFL having its interests in growing the overseas football market, the Jacksonville organization is in the crosshairs of potential expansion over the pond. Could the Jaguars’ owner leap?
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How Did Shahid Khan Make His Money?
Before Khan entered the professional sports arena, he was a highly successful businessman, accumulating billions of dollars.
The Jaguars owner is also the owner of Flex-N-Gate, a supplier of motor vehicle components in America. Khan earned worldwide fame as “The American Dream” when he graced the cover of Forbes magazine in 2012.
Khad bought Flex-N-Gate in 1980. Since then, the business has grown from $17 million in sales annually to $2 billion.
The billionaire businessman spreads his wealth as the owner of the Jaguars, All Elite Wrestling (AEW), and Fulham F.C. of the Premier League.
How Much Did Khan Pay for the Jaguars?
NFL fans may not know, but the Jaguars were not Khan’s first love. Originally, the successful businessman had his sights set on a different organization.
In 2010, Khan agreed to purchase 60% of the ownership of the St. Louis Rams, which was subject to approval by the NFL owners.
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It wasn’t the NFL owners who got in the way of the transaction, rather it was minority shareholder Stan Kroenke who exercised a clause in his ownership agreement that allowed him to match the bid, which he did.
Khan moved on to the Jaguars organization, purchasing the team from owner Wayne Weaver for $770 million. The NFL owners unanimously approved the purchase of the franchise, the deal was finalized in January 2012. The deal was a landmark for the NFL, as Khan became an ethnic minority franchise owner.
How Much Are the Jaguars Worth?
According to Forbes, which provides the valuations of NFL franchises, the Jaguars are worth a reported $4 billion as of 2023. For those keeping track at home, that’s right, Jacksonville’s value has skyrocketed approximately $3.3 billion since Khan purchased the organization in 2021 from Weaver.