Shahid Khan, owner of the Jacksonville Jaguars, said today that the business model of football makes it "one of the few things that is fun" and profitable, in an interview that was broadcast live today, April 2, 2013 on CBS THIS MORNING on the CBS Television Network (7:00 AM-9:00 AM).
Even a losing team, Kahn said, will make money. "Well, you're not going to make a lot of money," Kahn said. "But if you're losing and you're running the business properly, you will be solvent."
Khan also discussed the harsh criticism that he received when he initially bought the team, telling co-hosts Charlie Rose, Norah O'Donnell and Gayle King that in spite of it, the team is "a civic asset, and we will be good stewards of it." Check out the video!
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