NFL Finance Committee likely to approve Jaguars acquisition this month – NFL News
National Football League (NFL) Finance Committee is expected to give a green signal to the Jacksonville Jaguars deal at their next meeting scheduled for sixth of this month.
The Jaguars have been bought by Pakistan-born American businessman Shahid Khan in a deal reported to be worth $760 million. The deal has not been declared closed yet as it has to seek approval from a number of bodies.
Illinois-based business tycoon Shahid Khan has cleared first hurdle in his way to take over the Jaguars as the acquisition has been all cleared by the NFL commissioner Roger Goodell.
It now faces next hurdle of clearance from NFL finance committee. It is being projected to be cleared by the committee which is meeting on December 6. The Jaguars outgoing owner Wayne Weaver is a member on the committee.
The deal has not met any opposition or objection from any side since its announcement in the last week. The outgoing owner Weaver has expressed full confidence into Mr Khan’s assurance and ability to rebuild the Jaguars to help them regain their lost position in American Football Conference (AFC) south division.
The main concern for Mr Weaver is that the Jaguars should be kept in Jacksonville, and Mr. Khan has assured him of doing so. Weaver said that Shahid Khan plans to buy a house in Jacksonville to relocate near his franchise office.
Meanwhile no considerable objection or opposite opinion has come from any other side. This may be due to the fact that Shahid Khan is well known for his passion for the sport of American football, besides his business achievements.
He had placed a bit for a deal for St. Louis Rams but lost to another party. He however was successful for this time. Weaver has known Mr Khan for over past five years and apparently became impressed with his interest in the game. He has set hopes that the Jaguars will flourish under new owner.
The deal having passed through regulatory hurdles is expected to close on January 4, 2012. After it wins an approval from NFL finance committee, it will be voted by all 32 NFL franchises owners, paving the way Mr Khan to take over the Jaguars.
He has already set eyes over the Jacksonville and a number of steps had already been introduced by the outgoing owner and interim coach to start rebuilding process seen to be aimed at preparation for next season. It started with removal of their coach Del Rio.
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