NFL owners are the oldest and whitest of old white guy clubs. Drew Magary
Pakistani-American Shahid Khan made history this week by becoming the first minority owner of a National Football League team. All 31 other owners of NFL teams are white. The deal to purchase Jacksonville Jaguar is for an estimated $760 million and the ownership transfer will be complete Jan. 4, 2012, according to Associated Press. Earlier, Khan agreed in February 2010 to buy a controlling interest in the St. Louis Rams before billionaire Stan Kroenke exercised an option to purchase the 60 percent of the club he didn’t own.
NFL has highly lucrative business because of the extraordinary popularity of football in the United States. Over nine years, starting in 2014, CBS, Fox and NBC will together will pay an average of about $3 billion a year, more than 50 percent higher than their current deals, according to a report in New York Times. Altogether, the four networks, in addition to DirecTV, which pays $1 billion a year for its Sunday Ticket satellite package, will pay the N.F.L. more annually in TV rights than any sports league has ever been paid.
Shahid Khan, a mechanical engineering graduate of University of Illinois, Urbana-Champaign, made his fortune in the auto business. Almost two-thirds of all North American-built pick- up trucks and sports utility vehicles have bumper systems based on Khan’s designs, according to figures released by the Jaguars. Khan bought Flex-N-Gate in 1980 and the company now has more than 10,000 employees at 48 manufacturing plants with annual sales exceeding $3 billion.
Shahid Khan joins the illustrious list of Pakistani-Americans that includes Shering-Plough CEO Fred Hassan, Edible Arrangements Founder & CEO Tariq Farid, former CEO of Healthnet Dr. Malik Hasan, global hedge fund manager Mansoor Ijaz, Founder and Former CEO of AST Research Safi Qureshi, Mayor Haroon Saleem of of Granite Falls, Washington, Hilary Clinton aide Huma Abedin Weiner, novelists Bapsi Sidhwa and Daniyal Mueenuddin, Emmy nominee singer-songwriter Nadia Ali, and many other prominent Pakistani-American business executives, entrepreneurs, public servants, politicians and performers who have made their name in their adopted country.
Although Pakistani-Americans are still a miniscule fraction of the overall US population, their numbers have more than doubled in the last decade due to increased immigration, according to US Census 2010 data. With 100% increase since 2000, Pakistanis are the second fastest growing Asian immigrant group in the United States.
Here are some of the highlights of Pakistani-American data from US Census 2010 as gleaned from a report titled "A Community of Contrasts Asian Americans in the United States: 2011" published by Asian-American Center For Advancing Justice:
1. There are 409,163 Pakistani-Americans in 2010, the 7th largest Asian-American community in America.
2. Pakistani-American population doubled from 2000 (204,309) to 2010 (409,163), the second largest percentage increase after Bangladeshis' 157% increase in the same period.
3. 6% of Pakistani-American population is mixed race.
4. 65% of Pakistanis in America are foreign-born. 57% of foreign-born Pakistani-American population is made up of naturalized citizens.
5. There are 120,000 Pakistani legal permanent residents of which 42% are eligible to naturalize.
6. There were 69,202 immigrant visas issued to Pakistanis from 2001 to 2010, the 5th highest among Asian nations.
7. 28% of Pakistanis have limited English proficiency.
8. Average per capita income of Pakistani-Americans is $24,663.00
9. 15% of Pakistanis are classified as poor; only 1% of them are on public assistance.
10. 8% of Pakistanis are unemployed, a figure lower than the general population of Americans.
11. 55% of Pakistanis own their own homes.
12. 55% of Pakistanis have a bachelor's degree or higher.
13. Median age of Pakistanis in America is only 29 years, lower than most of the Asian groups and the national median age of 36.8 years.
Pakistani-American community is still relatively young when compared with other immigrant groups. More of the Pakistanis in America are college educated than the general population of whites and various immigrant groups. The youthful energy and higher education levels of Pakistani-Americans are opening doors for them to rise and shine in America, in spite of the current economic difficulties in their adopted land of opportunities.
Pakistani-American in $500 Million Deal to Buy St. Louis Rams
Edible Arrangements- A Pakistani-American's Success Story
Pakistani Diaspora World's 7th Largest
Pakistani-American's Game-Changing Vision
OPEN Forum 2010
Is Pakistan Too Big to Fail?
Pakistani-American Elected Mayor
Huma Abedin Calm Amid Twittergate
Silicon Valley Summit of Pakistani Entrepreneurs
Pakistan's Multi-Billion Dollar IT Industry
Media and Telecom Sectors Growing in Pakistan
Pakistan's Middle Class Growth in 1999-2009
Social Entrepreneurs Target India, Pakistan