JACKSONVILL (AFP) - Jacksonville Jaguars owner Wayne Weaver said on Tuesday he is selling the National Football League team to Pakistani-born businessman Shahid Khan. Weaver said that he signed the deal on Tuesday morning after running it past NFL commissioner Roger Goodell, aware that the league's finance committee must review the sale and the full ownership board must vote to approve the sale. "I told him I wouldn't sign the deal until commissioner Goodell approved it," said Weaver, who did not reveal financial details of the deal. "This was not about money. This was about continuing the legacy that we have started." Weaver, who founded the Jaguars as an expansion team in 1995, said he expects the deal will be approved in early January and that Khan will keep the team in Jacksonville, although no such assurance was written into the contract. "It's hard to write something to say you are going to force somebody to keep something here," Weaver said. "You have to trust individuals' integrity. I've no doubt Shahid will do what he says he's going to do. I had to be comfortable that his plans are to keep the team in Jacksonville. There's not a doubt in my mind he will keep this team in Jacksonville." Weaver said Khan plans to purchase a home in Jacksonville and guide the team's operations from there. Khan, who was born in Pakistan in 1950 and moved to the United States as a teenager, worked in a small auto parts garage while earning an engineering degree at the University of Illinois, then opened his own small business. "This gentleman is absolutely the American story," Weaver said. "He came to this country from Pakistan... he has factories worldwide and is one of the major producers of parts for all of the major automobile companies. I absolutely admire entrepreneurs and he absolutely sets the bar. He is passionate about football. It's my desire to see this team be successful in Jacksonville. It's great to have someone who shares that passion." Khan, who had shown interest in purchasing the St. Louis Rams when they were for sale, was a dream come true for Weaver, who at 77 said he looks forward to enjoying free time and travel without watching over the Jaguars. "The main motivation for that exit strategy was to find someone who had the same passion for the NFL and for Jacksonville that we did," Weaver said. "He wanted to buy a team and he wanted to do it in Jacksonville. He welcomes the opportunity and the challenge to build a championship team here." The announcement came the same day the Jaguars fired coach Jack Del Rio after a 3-8 start to his ninth season in the post.