Shahid Khan
Encyclopedia
Shahid Khan is a Pakistan
i-born American
businessman. He is the owner of automobile parts manufacturer Flex-N-Gate Corp. in Urbana, Illinois
. His intent to purchase the Jacksonville Jaguars
National Football League
(NFL) team was announced on November 29, 2011.
, Pakistan
and moved to the United States
when he was 16 to study at the University of Illinois at Urbana–Champaign. He graduated from the UIUC School of Mechanical and Industrial Engineering
with a BSc in 1971.
director for the company. In 1978, he started Bumper Works, which made car bumpers for customizing pickup trucks and body shop repairs. The transaction involved a $50,000 loan from the Small Business Loan Corporation and $16,000 in his savings.
In 1980 he bought his former employer Flex-N-Gate, bringing Bumper Works into the fold. Khan grew the company so that it supplied bumpers for the Big Three automakers. In 1984 he began supplying a small number of bumpers for Toyota pickups. By 1987 it was the sole supplier for Toyota pick ups and by 1989 it was the sole supplier for the entire Toyota line in the United States. Toyota Sensei
instruction drastically transformed the company efficiency and ability to change its manufacturing process within a few minutes. Since then the company has grown from $17 million in sales to an estimated $2 billion in 2010.
By 2011, Flex-N-Gate had 12,450 employees and 48 manufacturing plants in the United States and several other countries, and took in $3 billion in revenue.
Khan has received a number of awards from the University of Illinois, including a Distinguished Alumnus Award in 1999 from the Department of Mechanical Science and Industrial Engineering, the Alumni Award for Distinguished Service in 2006 from the College of Engineering
, and (with his wife, Ann) the Distinguished Service Award in 2005 from the University of Illinois Alumni Association.
National Football League
team from Chip Rosenbloom
and Lucia Rodriguez, subject to approval by other NFL owners. However, Stan Kroenke, the minority shareholder of the Rams, ultimately exercised a clause in his ownership agreement to match any proposed bid.
On November 29, 2011, it was reported that Khan would purchase the Jacksonville Jaguars
from Wayne Weaver and his ownership group subject to NFL approval. Weaver announced his sale of the team to Khan later that same day. The terms of the deal were not immediately disclosed, other than a verbal commitment to keep the team in Jacksonville, Florida. Wayne Weaver expects the sale to be finalized on January 4, 2012. The purchase price for 100% share in the Jaguars is estimated to be 760 million dollars.
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
i-born American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman. He is the owner of automobile parts manufacturer Flex-N-Gate Corp. in Urbana, Illinois
Urbana, Illinois
Urbana is the county seat of Champaign County, Illinois, United States. As of the 2010 census, the population was 41,250. Urbana is the tenth-most populous city in Illinois outside of the Chicago metropolitan area....
. His intent to purchase the Jacksonville Jaguars
Jacksonville Jaguars
The Jacksonville Jaguars are a professional American football team based in Jacksonville, Florida, U.S. They are currently members of the South Division of the American Football Conference in the National Football League...
National Football League
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
(NFL) team was announced on November 29, 2011.
Early life
Khan was born in LahoreLahore
Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
and moved to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
when he was 16 to study at the University of Illinois at Urbana–Champaign. He graduated from the UIUC School of Mechanical and Industrial Engineering
UIUC College of Engineering
The College of Engineering at the University of Illinois at Urbana–Champaign was first established in 1868, and is considered one of the original units of the school. The presence of a steam engine on the University's seal is a good clue as to the importance of the engineering program to the...
with a BSc in 1971.
Flex-N-Gate
Khan worked at the automobile manufacturing company Flex-N-Gate while attending the University of Illinois. When he graduated he was hired as the engineeringEngineering
Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...
director for the company. In 1978, he started Bumper Works, which made car bumpers for customizing pickup trucks and body shop repairs. The transaction involved a $50,000 loan from the Small Business Loan Corporation and $16,000 in his savings.
In 1980 he bought his former employer Flex-N-Gate, bringing Bumper Works into the fold. Khan grew the company so that it supplied bumpers for the Big Three automakers. In 1984 he began supplying a small number of bumpers for Toyota pickups. By 1987 it was the sole supplier for Toyota pick ups and by 1989 it was the sole supplier for the entire Toyota line in the United States. Toyota Sensei
Sensei
' is a Japanese word that basically means "person born before another." In general usage, it means "master" or "teacher," and the word is used as a title to refer to or address teachers, professors, professionals such as lawyers, CPA and doctors, politicians, clergymen, and other figures of authority...
instruction drastically transformed the company efficiency and ability to change its manufacturing process within a few minutes. Since then the company has grown from $17 million in sales to an estimated $2 billion in 2010.
By 2011, Flex-N-Gate had 12,450 employees and 48 manufacturing plants in the United States and several other countries, and took in $3 billion in revenue.
Khan has received a number of awards from the University of Illinois, including a Distinguished Alumnus Award in 1999 from the Department of Mechanical Science and Industrial Engineering, the Alumni Award for Distinguished Service in 2006 from the College of Engineering
UIUC College of Engineering
The College of Engineering at the University of Illinois at Urbana–Champaign was first established in 1868, and is considered one of the original units of the school. The presence of a steam engine on the University's seal is a good clue as to the importance of the engineering program to the...
, and (with his wife, Ann) the Distinguished Service Award in 2005 from the University of Illinois Alumni Association.
National Football League
On February 11, 2010, it was announced that Khan had entered into an agreement to acquire 60 percent of the St. Louis RamsSt. Louis Rams
The St. Louis Rams are a professional American football team based in St. Louis, Missouri. They are currently members of the West Division of the National Football Conference in the National Football League . The Rams have won three NFL Championships .The Rams began playing in 1936 in Cleveland,...
National Football League
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...
team from Chip Rosenbloom
Chip Rosenbloom
Dale "Chip" Rosenbloom, the son of Carroll Rosenbloom and Georgia Frontiere, is part owner of the St. Louis Rams alongside his sister Lucia Rodriguez, which they inherited from their mother...
and Lucia Rodriguez, subject to approval by other NFL owners. However, Stan Kroenke, the minority shareholder of the Rams, ultimately exercised a clause in his ownership agreement to match any proposed bid.
On November 29, 2011, it was reported that Khan would purchase the Jacksonville Jaguars
Jacksonville Jaguars
The Jacksonville Jaguars are a professional American football team based in Jacksonville, Florida, U.S. They are currently members of the South Division of the American Football Conference in the National Football League...
from Wayne Weaver and his ownership group subject to NFL approval. Weaver announced his sale of the team to Khan later that same day. The terms of the deal were not immediately disclosed, other than a verbal commitment to keep the team in Jacksonville, Florida. Wayne Weaver expects the sale to be finalized on January 4, 2012. The purchase price for 100% share in the Jaguars is estimated to be 760 million dollars.