NFL Owners Approve Khan's Bid for Jaguars

National Football League(DALLAS) -- The Jacksonville Jaguars haven't had much to cheer about over recent years, but that could all be changing. NFL owners unanimously approved the ownership transfer from Wayne Weaver to Shahid Khan.

Even though there were previous concerns over Khan's supposed IRS issues, the other owners had no problem with Khan's bid for the team. Khan previously tried to purchase the St. Louis Rams before reaching an agreement to buy the Jaguars last month. With the transfer now approved, Khan becomes the first Pakistani-born owner of any club.

"He without question comes in as one of our most financially qualified owners," Dallas Cowboys owner Jerry Jones said. "In short, this was not a stretch for him to buy the team and he, in my view, does not have the team in any leveraged position financially. It's him and his family."

Jaguars fans can also rejoice, for now, as Khan has reiterated that he has no plans to relocate the team.

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