Jacksonville Jaguar star and powerful player who was declared not for sale has finally been sold for unresisting currency worth billions of…
The formidable athlete and star of the Jacksonville Jaguars, who was initially listed as not for sale, was eventually sold for an incredible sum of money—billions.
After reading the indictment and looking at hundreds of comparable cases both inside and outside the sports business, my first thought was that professional sports’ special milieu made it possible for such a large-scale alleged fraud to take place.
Patel’s alleged fraud plan was not sport-specific, in contrast to the tale of Jeff David, the former Chief Revenue Officer of the Sacramento Kings and Miami Heat, who stole tens of millions of dollars by taking advantage of the quirks of club sponsorships. However, it is enmeshed in the realities of professional sports today; few, if any, other industries with dozens of billion-dollar companies function similarly to independent mom-and-pop shops.
Owner Shad Khan of the Jacksonville Jaguars and his son Tony Khan converse with Houston
The indictment states that Patel was in charge of departmental budgets, monthly financial statements, and the Virtual Credit Card initiative from October 2019 until his firing in February 2023. Forbes values the Jaguars at $4 billion.
