JACKSONVILLE, Fla. -- Though there may be no visible impact to the team or the city, Tuesday was the biggest day in Jaguars history since the team's inception.
Owner Wayne Weaver announced that he has an agreement to sell the team to Shahid Khan, an Illinois businessman.
Weaver said he expects the team to remain in Jacksonville long enough for his grandchildren to grow up watching the team, but admitted there is no written agreement in the terms of the sale requiring the team to stay.
"You get to know someone," was Weaver's reply when asked why he was confident Khan would keep the Jaguars in Jacksonville.
The team is still operating on its original lease with the city, dated Sept. 7, 1993, though the lease has been amended ten times between 1995 and 2010.
Mayor Alvin Brown's spokesperson Angela Spears provided the original lease and all 10 amendments, plus the 2010 naming rights agreement that turned Jacksonville Municipal Stadium into EverBank Field.
READ THE DOCUMENTS
Amendment 1| Amendment 2 | Amendment 3 | Amendment 4 | Amendment 5| Amendment 6 | Amendment 7 | Amendment 8 | Amendment 9 | Amendment 10
Naming Rights Agreement
First Coast News