JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have officially transferred ownership from Wayne Weaver to Shahid Khan.
The transfer took place Wednesday afternoon, ushering in a new era for the small-market franchise that has been in existence since 1993.
Weaver agreed to sell the franchise to Khan on Nov. 29 for $770 million. The deal included a $660 million sale price and $110 million in debt.
Weaver says he has “great confidence in Shad and his family that the franchise is in good hands.”