Jaguars owner Wayne Weaver has agreed to sell the Jaguars to Illinois businessman Shahid Khan. The team will remain in Jacksonville. "It's the right thing at the right time and for the right reasons," Weaver said. Forbes reported the sale to be worth $760 million. Weaver, 77, had been looking for an "exit strategy" for years, wanting to find someone to buy the team and keep it in Jacksonville. He had tears in his eyes several times as he announced his impending departure.