Penalties In Jaguars' Lease Make Move Very Unlikely

Discussion in 'Jacksonville Jaguars' started by Steve12, Dec 1, 2011.

  1. Steve12

    Steve12 The night is dark and full of terrors

    If the Jacksonville Jaguars [team stats]’ prospective new owner wants to move the team to a new city before 2030, he’d have to pay the city millions of dollars to get out of its lease for EverBank Field. The team could avoid paying a lot of those penalties -- which could total more than $100 million -- if it lost money one year and was below the NFL’s revenue average the following two years. The team has not publicly disclosed its revenue, but Jacksonville is one of the smallest and least profitable National Football League markets, so the latter condition is likely already the case. Proving that, however, would require the team -- and likely other teams -- to open their books, something the league has been loath to do. To be clear, Shahid Khan, who is buying the Jaguars from Wayne Weaver, has said nothing about moving the team.

    Source: BostonHerald.com