Shad Khan was approved to become the new owner of the Jacksonville Jaguars after a unanimous vote from his fellow owners on Wednesday.
The team’s website reported the news earlier today. The final paperwork is expected to be ready for Khan’s signature on Jan. 4, the date he is taking control of operations of the team.
Former Jags owner Wayne Weaver had this to say about the news.
“We’re excited about the Khan family coming in and continuing the legacy we started in Jacksonville for the last 18 years,” Weaver said.
“He’s going to be great for the Jacksonville market,” Weaver said. “We’re lucky to have him in Jacksonville.”
With today’s approval, Khan is now the first minority owner in the NFL.