Khan: Offer to purchase Wembley will help keep Jaguars in Jacksonville

Jacksonville Jaguars owner Shad Khan revealed that his offer to purchase London's iconic Wembley Stadium was a measure to protect the interest of his team.

Khan submitted an offer to purchase the venue for a reported £500 million, where the Jaguars have played games since 2013.

One of the smallest markets in the league, the Jaguars have been keen to tap into new revenue streams and Khan released a statement on Fulham's website, the Football League Championship team which he also owns.

"The games the Jaguars play at Wembley are essential to the financial stability of the Jaguars in Jacksonville, which is one of the smallest markets in the NFL. If my ownership interests were to include Wembley Stadium, it would protect the Jaguars' position in London at a time when other NFL teams are understandably becoming more interested in this great city. And the stronger the Jaguars are in London, the more stable and promising the Jaguars' future will be in Jacksonville," Khan wrote.

Jaguars president Mark Lamping also spoke about London's increased importance to the franchise.

"The revenue potential at Wembley stadium compared to EverBank field is significant,” Lamping said to ESPN's Michael DiRocco. "We’ve talked about the importance of London to the Jacksonville Jaguars. Those dollars that we generate in London make us stronger and more stable here in Jacksonville.

"It's a really critical part of our future."

The Jaguars are scheduled to host the Super Bowl champion Philadelphia Eagles at Wembley on October 28.