Shad Khan is new NFL blood, and still qualifies as a compelling story.
As part of Forbes' look at the values of NFL franchises, Brian Solomon writes this great profile of the Jaguars owner.
FORBES estimates his net worth at $2.5 billion, placing him in the top half of the soon-to-be-released 2012 Forbes 400.
An enormous accomplishment for anyone, it’s an enormous accomplishment for anyone, it’s more like a Mars landing for a middle-class kid from Pakistan who flew into Illinois for an engineering degree at 16 and never left. Khan’s is the kind of only-in-America success story that has filled boats and planes with dreamers for the past 150 years, one that gives a face to an ironclad fact: Skilled, motivated immigrants are proven job creators, not job takers.”
As his wealth grew, Forbes reports, he started monitoring the magazine’s annual list of franchise values to get a sense of affordability.
Khan has a saying about the auto-parts business that seems appropriate for most fields: You don’t have to outrun the bear, just the other guy. He used to carry around a list of 19 competitors until all of them went out of business.
Of course it’s not like that in his new business. No matter how his team does, the other 31 teams vying for the Lombardi Trophy won’t disappear. He’ll have to find another way to win.