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NFL Finance Committee Approves Shahid Khan's Purchase Of Jaguars

Wayne Weaver agreed to sell the Jacksonville Jaguars to Shahid Khan last week, but there are still a lot of hurdles he has to clear before the team is officially his. The first is getting approval by the NFL's Finance Committee approves him for league ownership. According to Vito Stellino of the Florida Times-Union, Khan has been approved.

Shahid R. Khan moved one step closer to becoming the first minority owner in the 92-year history of the National Football League on Tuesday when the league’s Finance Committee unanimously approved his application to buy the Jaguars at a meeting at league headquarters in New York.

The entire ownership will now vote to on his $760 million purchase of the team — the third-highest price in league history — at a previously scheduled meeting in Dallas next Wednesday.

It's pretty incredible that the Jaguars, a team that is struggling both on the field and in the stands, surrounded by relocation rumors of late, will be sold for the third highest total in league history. It would be hard to imagine that Khan will be turned down this far into the process.

Photographs by cstreet.us, thelastminute, turtlemom nancy , fesek, kthypryn, justinwright, sue_elias, pointnshoot, and scrapstothefuture used in background montage under Creative Commons. Thank you.