Less than a year since Shahid Khan purchased the Jacksonville Jaguars for $760 million, Forbes' estimated value of the team shows that Khan may have overpaid for the team. Ranking as the 47th most valuable professional sports franchise, the Jaguars are valued at $725 million, $35 million less than the price that Khan paid.
Khan's purchase of the Jaguars was completed in January in a deal worth $760 million. The Pakistani-born American made his fortune with auto parts manufacturer Flex-N-Gate, which generates $3 billion in annual revenue. Khan has vowed to keep the team in Jacksonville, despite attendance woes in recent seasons that led to nearly 10,000 upper deck seats being tarped over to encourage sellouts and satisfy the NFL's blackout policy.
The ranking places the Jaguars in last among NFL teams in terms of value. While ticket sales in Jacksonville has improved in recent years, the team's national/worldwide brand has struggled as the team is consistently voted as the NFL's least popular team.
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