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Jacksonville Jaguars sold to entrepreneur

Jacksonville Jaguars sold for $760 million

The Jacksonville Jaguars have been sold to an entrepreneur for $760 million.

Forbes reports that Shahid Khan, a Pakistan-born entrepreneur and head of Illinois-based Flex-N-Gate Corp, purchased the Jaguars for $760 million, reportedly using $350 million of debt to finance the deal.

In August, the Jaguars were reportedly valued at $725 million.

The announcement of Khan’s Jaguars purchased came the same day that Jack Del Rio was relieved from his position as head coach. Del Rio has been replaced by defensive coordinator Mel Tucker.

Reportedly, the Jaguars have had hard time selling tickets, averaging 62,000 per home game this year, 26th in the league.

Read more about the Jacksonville Jaguars here.

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