JACKSONVILLE, Fla. -- For the first time ever, the Jaguars will have a new owner.
One day before the 18-year anniversary of the Jaguars being named an expansion franchise, the team told its employees Wayne Weaver sold the organization to Shahid Khan, a Pakistani-born businessman who tried to buy the St. Louis Rams last season.
Khan, who went to the University of Illinois, is expected to keep the Jaguars in Jacksonville. He owns an auto-manufacturing company called Flex-N-Gate.
The Jaguars have also extended General Manager Gene Smith’s contract for three years. Smith turned down a contract extension before the season began.
Smith has been with the Jaguars since they began and rose from being a scout under then-coach Tom Coughlin.
The news came the same day as the Jaguars fired head coach Jack Del Rio, who was in his ninth season. The Jaguars are 3-8 and mathematically eliminated from winning the AFC South. Del Rio finished with a 68-71 record.