JACKSONVILLE, Fla., April 1, 2013 – Following 17 seasons with the Jacksonville Jaguars, Bill Prescott resigned today as chief financial officer of the NFL franchise to pursue new opportunities and challenges in his career.

Prescott will remain as an advisor and assist Kelly Flanagan, the team's new vice president of finance and planning, in the transition to her new position with the Jaguars.  Flanagan was promoted to vice president today by team president Mark Lamping after serving the Jaguars as business planning manager for the past year.

"Bill was extremely important to the success of our purchase of the team in 2011, but his influence in establishing the franchise and creating a strong presence for the Jaguars in the community was certainly felt well before my time here in Jacksonville,"  Jaguars owner Shad Khan said.  "We owe Bill a debt of thanks and wish him all good things in the future."

"After the sale of the team, I was happy to stay on over the past year to help handle the transition of the team to the new ownership," Prescott said.  "I have nothing but great memories and I've made friends for life.  My wife Kim and I plan to stay in the Jacksonville area and continue to be advocates for a vibrant Downtown and a growing economy in Northeast Florida."

Flanagan, who grew up locally and is a graduate of the Episcopal School of Jacksonville, will serve the Jaguars in her new role by leading the team's financial planning and analysis efforts.  She will continue to have responsibilities that include business planning, quantitative and analytical support of key revenue initiatives including ticket sales, corporate partnerships and in-stadium spending.

Flanagan was part of Lamping's executive team at the New Meadowlands Stadium, now MetLife Stadium, home to the New York Giants and New York Jets of the National Football League.  Flanagan served in the finance department, ultimately being named controller and lead stadium finance representative to the Giants and Jets.  Prior to MetLife Stadium, she obtained her C.P.A. license while working within the Entertainment and Media practice of PricewaterhouseCoopers in New York City.

"It was evident to me at the Meadowlands and now in Jacksonville that Kelly is one of our industry's remarkably promising executives," Lamping said.  "This is a new era for the Jaguars and Kelly will play a significant role in every respect of our business operation.  We aspire to be one of the premier franchises in all of sports, and having Kelly on board as vice president of finance and planning will help make that a reality."

Flanagan holds a Masters in Sports Management from Columbia University in New York City as well as a bachelor's degree in Accounting and a M.B.A. from Saint Joseph's University in Philadelphia.

"What a privilege, to have this opportunity in my hometown on behalf of a franchise I grew up cheering for," said Flanagan.  "Our front office is exceptionally committed, and we feel the potential for the Jaguars is unlimited here in Jacksonville, regionally and even internationally.  I look forward to being a part of the team that makes that potential a reality."