The Jacksonville Jaguars, an American professional football franchise based in Jacksonville, Florida, 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. Since their inception, the Jaguars have won division championships in 1998 and 1999, 2017 and have qualified for the playoffs seven times, most recently in 2017 after a ten-season playoff drought. From their inception until 2011, the Jacksonville Jaguars' majority owner was Wayne Weaver. The team was then purchased by Pakistan born businessman Shahid Khan for an estimated $770 million. In 2015, Forbes estimated the team value at $1.48 billion.