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Biography
Shad Khan, described in a Forbes magazine cover story in 2012 as the "New Face of the American Dream," and later by the same magazine as one of the world's greatest living business minds, saw his goal of owning an NFL team become reality on Dec. 14, 2011, in a unanimous 32-0 vote by NFL owners in support of his purchase of the franchise.
Shad Khan, described in a Forbes magazine cover story in 2012 as the "New Face of the American Dream," and later by the same magazine as one of the world's greatest living business minds, saw his goal of owning an NFL team become reality on Dec. 14, 2011, in a unanimous 32-0 vote by NFL owners in support of his purchase of the franchise.
A naturalized U.S. citizen, Khan arrived alone from Pakistan in 1967 at age 16 to study at the University of Illinois. With a B.S. in industrial engineering in 1971, he quickly ascended to engineering manager at Flex-N-Gate, then a small automotive parts manufacturer in Urbana, Illinois. In 1978, Khan left and with $13,000 in savings and $50,000 from the Small Business Loan Corporation, he created the start-up Bumper Works, which revolutionized manufacturing through an innovative one-piece bumper design that remains the industry standard. When Flex-N-Gate came on the market two years later, Khan purchased his former employer, brought Bumper Works into the fold and in the decades that followed built the company into the global leader it is today.
Flex-N-Gate is currently ranked by Automotive News as the eighth largest original equipment supplier in North America, the 49th largest supplier in Europe and the 36th largest supplier in the world. Flex-N-Gate employs nearly 26,000 people at 78 manufacturing facilities and five advanced product development centers throughout the United States, Canada, China, Mexico, Argentina, Italy, Germany, France and Spain.
Khan's passion for the National Football League took root long before his entry into the league. His dream of one day owning an NFL team began while watching games with his fraternity brothers at the Beta Theta Pi house as a student at the University of Illinois. After closing on the purchase of the Jaguars on Jan. 4, 2012, Khan has been an active owner on NFL matters, a fan-friendly owner for the Jaguars and a tireless supporter for the continued advancement of the Jacksonville community, particularly its downtown.
Khan chairs two important NFL committees – the Legalized Sports Betting Committee, to which he was appointed chairman in 2018, as well as the influential Business Ventures Committee, which he has led since 2016. Khan also sits on the NFL Network Committee, the Finance Committee and the Health and Safety Committee, and his vision for international growth, both for his Jaguars and the NFL, has been celebrated throughout sports and business circles as being the only team owner who made a long-term commitment to annually play in the important London and UK market. His initial four-year agreement to play one home game in each season from 2013 to 2016 was extended through the current 2024 season with the home game again being played at Wembley Stadium, the national stadium of England.
In 2013, Khan complemented his sports club portfolio with his purchase of Fulham Football Club, established in 1879 as the oldest professional club in London. Fulham's famed home ground, Craven Cottage, will soon see the completion of a spectacular renovation with the introduction of Fulham Pier – a one‑of‑a‑kind mixed use destination that will also serve as the club's new spectator stand on the banks of the River Thames. Fulham has finished comfortably in the mid-table of the English Premier League the past two seasons.
In September 2016, Khan purchased full ownership of Four Seasons Hotel Toronto, regarded universally as one of the premier destinations in the luxury hotel segment anywhere in the world. The property, located in the fashionable Yorkville neighborhood, continues to be managed by Four Seasons Hotels and Resorts and deepens Khan's roots in Canada, where Flex-N-Gate operates 11 plants in Ontario.
In 2019, Khan and his son Tony launched All Elite Wrestling (AEW), the professional wrestling league giving fans a fresh, new wrestling experience for the first time in decades with its world-class talent and storytelling. AEW produces successful pay-per-view events each quarter and broadcasts three television shows each week, "AEW: Dynamite" on Wednesday nights on TBS, "AEW: Rampage" on Friday nights on TNT and "AEW: Collision" on Saturday nights on TNT, all of which are available in 140 countries worldwide. AEW was recently valued at $2 billion by Forbes.
In Jacksonville, Khan's belief in the potential of downtown helped lead to the Jaguars' new sports performance home, the Miller Electric Center. Adjacent to EverBank Stadium, the Miller Electric Center is the result of a public-private partnership between Khan and was opened this year as a 125,000 square-foot facility that will house all of the team's football staff and football operations including locker rooms, training and medical facilities, office space and a draft room. The complex includes two full-size grass practice fields as well as one indoor field along with shaded public viewing stands, concession areas and a team store.
The Miller Electric Center is the initial stage of the 1st DownTown Jacksonville effort to spur development of the nearby Jacksonville Shipyards and create a path toward the Stadium of the Future, whose plans were introduced in 2023 with private-public partnership funding approved by the City of Jacksonville in June 2024. The $1.4 billion stadium renovation project is anticipated to begin in 2025, with completion targeted for 2028.
Iguana Investments, Khan's affiliate real estate and development entity led by his daughter Shanna, is spearheading the Jacksonville Shipyards project that includes the highly anticipated Four Seasons Hotel and Private Residences Jacksonville, a restored Met Park, a modernized marina and a six-story office building, all of which will create hundreds of new jobs, generate vital tourism revenue, attract residents and spark additional opportunities for emerging local businesses. Iguana also became owner and manager in 2022 of the locally beloved Seahorse Oceanfront Inn and Lemon Bar in nearby Neptune Beach.
Khan and his wife, Ann, are philanthropic leaders both in Jacksonville as well as in Illinois, where they met as students while attending the University of Illinois. Since 2012, the Khans have focused their charitable giving in the Jacksonville community through the Jaguars Foundation. Through the Foundation, they provided more than $36.2 million in grants since 2012, including $18.8 million the past five years. These grants support youth development, neighborhood revitalization, military and veterans programs, and other NFL and team-related initiatives.
Significant grant support has been provided for key initiatives. The Khan family's strong commitment to our military and veterans includes a $1.7 million partnership with the City of Jacksonville's Veterans Resource and Reintegration Center at City Hall, now in its ninth year of operation. A major contribution was made to the Baptist Health Foundation resulting in a $2.3 million endowment to help bring the nationally renowned MD Anderson Cancer Center to the Baptist Health downtown campus in Jacksonville. Khan and the Jaguars Foundation also responded to the devastation wrought in northeast Florida by Hurricane Irma in 2017 with a gift of $1 million to the United Way of Northeast Florida's First Coast Relief Fund and donated 5,000 tickets to the Jaguars' home opener to first responders and local residents impacted by the hurricane.
In 2020, Khan donated $1 million to Jacksonville-area efforts dedicated to COVID-19 relief and response. And, most recently, the Khan family made a personal commitment of $5 million to the Jacksonville Museum of Science and History (MOSH) for its capital campaign to build a new state-of-the-art interactive museum on the north bank of downtown Jacksonville, while the Jaguars Foundation made a $1 million contribution on behalf of the Khan family to LIFT JAX in support of the major community revitalization efforts of the OUTEAST neighborhood, neighboring EverBank Stadium.
Additionally, in 2023 the Jaguars Foundation provided a $250,000 grant to support the opening of a new Boys & Girls Club in the OUTEAST neighborhood in August 2023. The JaguarsFoundation has also made a half-million dollar contribution on behalf of the Khan family toward the Jacksonville Blue Zones, a city-wide initiative to promote health and well-being in the community.
On Dec. 16, 2018, Khan, an immigrant himself who became a naturalized US citizen, joined 65 North Florida residents originally from 38 different countries as they took their final step in saying the "Oath of Allegiance" in front of 65,000 fans to officially become Naturalized U.S. Citizens at halftime of the Jaguars' home game against Washington. It marked the first-ever U.S. citizenship ceremony held during an NFL game; a tradition Khan has continued during a Jaguars home game every season since.
Khan shares his passion for the American dream with his family, and he and his wife Ann have passed on their commitment to work and service to their two grown children, Tony and Shanna.