JACKSONVILLE, Fla. — Monday marks 10 years since Wayne Weaver sold the Jacksonville Jaguars to Shahid “Shad” Khan.
On Nov. 29, 2011, Khan, who was born in Pakistan and owns Illinois-based auto parts company Flex-N-Gate, purchased the Jaguars for a reported $770 million.
In honor of Khan’s “Jag-iversary,” let’s take a look back at his time as owner.
PHOTOS: Jacksonville Jaguars owner Shad Khan through the years
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Jaguars value, on and off the field
The team is now worth $2.8 billion, according to Forbes, which evaluated the Jaguars in August.
While the team’s value has gone up, so have the losses.
The Jags’ record under Khan, including regular season and playoffs, is 43-115, with a winning percentage of .267. He was the second-fastest owner to reach 100 losses.
Weaver’s record as owner from the 1995 to 2011 seasons -- 17 seasons total -- was 143-140 overall.
With the hiring of Urban Meyer in January, Meyer became the fourth head coach to serve under Khan. The team had two head coaches and one interim coach under Weaver -- the same day he announced that Khan would buy the team, then-head coach Jack Del Rio was fired.
Khan’s other sports ventures
During his time as Jaguars owner, Khan has also entered into other sports ventures, purchasing the Fulham Football Club in England in 2013.
In 2019, He and son Tony Khan also launched All Elite Wrestling, which has added big name (and former WWE wrestlers) like Chris Jericho and CM Punk to its roster.
In 2018, Khan took a crack at buying Wembley Stadium and later withdrew that bid. At the time, Khan said that the intent of his effort was to do right by everyone in a manner than strengthened the English game and brings people together, not divides them.
Jacksonville philanthropy, downtown development
Weaver chose Khan to purchase the team because he wanted someone who was committed to keeping the team in Jacksonville.
Despite the constantly flying rumors from national pundits about moving the team to London, Khan has demonstrated his commitment to the Jacksonville community.
In November 2020, the Museum of Science & History (MOSH) has announced that Khan donated $5 million to help build a new museum on the shipyard property in downtown Jacksonville.
In May 2021, the Khan family and the Jacksonville Jaguars Foundation announced their commitment of $1 million to the Eastside through the nonprofit, LIFT JAX.
Khan has also been working to develop downtown Jacksonville. After the proposed $450 million redevelopment of Lot J ultimately failed in January 2021, in June 2021, the Jaguars unveiled new plans for developing downtown Jacksonville.
In October 2021, the Jacksonville City Council gave unanimous approval on a $114 million incentives package to help fund a $400 million project along the riverfront near the sports complex. The other approximately $300 million would be covered by the Jags.
Khan’s Iguana Investments company launched the website 1st Downtown Jacksonville to keep community stakeholders informed about the progress of downtown development.
On this date Nov. 29, 2011,Shad Khan purchased Jaguars for $770M. The team is now worth $2.8B according to Forbes. The Jags are 43-115 under Khan with a winning percentage of .267 and was the 2nd fastest owner to reach 100 losses. How would you grade the team under his ownership?
— Ben Becker (@BenBeckerANjax) November 29, 2021
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