Shahid Khan, the Pakistani-American billionaire who owns Premier League club Fulham, is pressing ahead with a £1bn stadium upgrade project spanning both sides of the Atlantic.
Khan, who is reportedly worth nearly $15bn, is overseeing a major redevelopment of EverBank Stadium, home to his NFL franchise the Jacksonville Jaguars, with works scheduled for completion by the summer of 2028.
The Jaguars will be relocated approximately 150 miles south to Orlando while construction gets underway, though the team will remain in Jacksonville for their opening NFL matches before heading south.
The franchise currently plays two of its annual NFL matches at London’s Wembley Stadium, giving Khan a significant footprint in the UK sports market alongside his Premier League ownership.
Sid Perkins of construction management firm AECOM Hunt outlined the project’s commitment to domestic sourcing in a club media post, stressing the use of American-made materials throughout the build.
“There was a desire on the part of both the Jaguars and the city to stress American-made materials in the building,” Perkins said, noting that all structural steel already erected on site is American-made.
“The Jaguars and the city have provided us with the opportunity to put a whole lot of local tradesmen in there,” Perkins added. “If you look across our job site, I would wager that 70 per cent of the workers on this job site are from the surrounding three or four counties.”
The EverBank project follows Khan’s reported £120m redevelopment of the Riverside Stand at Craven Cottage, Fulham’s historic ground on the banks of the River Thames in west London.
That stand is now fully operational and reflects Khan’s appetite for premium corporate offerings, featuring £20,000 season tickets alongside a £900-per-head hospitality package that carries Michelin guide approval.
The scale of Khan’s investment places him among the most active stadium developers in world sport at a time when major American franchises are racing to modernise their venues.
The Tennessee Titans, Cleveland Browns, and Buffalo Bills are all in the process of completing, or have recently finished, significant construction projects of their own.
The Cincinnati Bengals are rolling out a phased series of stadium works, while the Washington Commanders are building an entirely new venue designed to offer fans a direct sightline to the US Capitol building through one end of the arena.
Khan’s dual investment across the NFL and Premier League underscores a broader trend of high-net-worth owners treating stadium infrastructure as a central pillar of long-term franchise value.