— Former NFL player and NASCAR driver Billy Jacksons’ decision to take out a payday loan is raising eyebrows around the sport’s largest arena.
Billy Jackson, who once played for the Pittsburgh Steelers and Indianapolis Colts, is now the owner of the Jacksonville Jaguars.
He has secured the right to make payments on $5 million of his $20 million loan, according to the Jaguars’ financial disclosure statement.
The money will be paid out within 30 days.
Jacksons was the first African-American to play in the NFL.
The former football player has been in Florida since 2001.
He started his career in the AFL as a free agent, but played in three seasons with the Jacksonville team that drafted him in 2002.
Jackson was a three-time Pro Bowl selection, winning the Super Bowl in 2004.
He was inducted into the Hall of Fame in 2015.
He left the NFL in 2010, citing health reasons.
He retired from the game in 2012 and went into retirement.
The Jaguars were the first NFL team to sell their stadium naming rights to a non-profit, the Jacksonville Community Foundation, according the statement.
Jaguars owner Shad Khan has said that he expects to sell the naming rights of the team in 2019, and is exploring other financing options, including private equity.