The Jacksonville Jaguars are a professional football franchise based in Jacksonville, Florida. The Jaguars compete in the National Football League (NFL) as a member club of the American Football Conference (AFC) South division. The team plays its home games at TIAA Bank Field. From their inception until 2011, the Jacksonville Jaguars' majority owner was Wayne Weaver. The team was then purchased by Pakistani-American businessman Shahid Khan for an estimated $770 million. In 2015, Forbes estimated the team value at $1.48 billion.