Jeffrey Gundlach Exploring Buying Buffalo Bills

[DetDannyWilliams]

BUFFALO, NY- Doubleline Capital founder Jeffrey Gundlach has expressed an interest in purchasing the Buffalo Bills, 2 On Your Side's Adam Benigni has learned.

Gundlach, an Amherst native, expressed interest in purchasing the Bills prior to Ralph Wilson's death.
A source tells 2 On Your Side that Gundlach is interested in having former Bills quarterback Jim Kelly join his potential bid. Representatives for Kelly declined to comment on the possibility of joining Gundlach's bid.

http://www.wgrz.com/story/sports/nfl...ills/12437119/

[OpIv37]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

Don't care as long as he keeps the team in the area.

[Skooby]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

Is he liquid about $2 B ?

[THATHURMANATOR]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

I read today he is the largest shareholder in a 50 Billion dollar company.

He probably could be if he wanted.

[trapezeus]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

he is a principal on a firm that has $50BN in investments. I'm not sure its fair to say that he's the largest shareholder.

the difference between the two is that in the first statement, he's critical to the operation and seen as a key player. he may have significant amount of his wealth in investments. The second is saying that he has a large portion of the $50BN. i don't think that's the case. but i'm just guessing.

[Dr. Who]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

I wonder if Mr. Gundlach or the Pegulas or Tom Golisano have talked to Fletch or Spiked or the many other individuals on this board who have determined that Buffalo is not a viable city to sustain an NFL team. We don't have the right kind of businesses to pursue stadium naming rights or to buy expensive suites. It's funny. They are wealthy people, so they probably know something about economics, but somehow they missed the memo on Buffalo.

[trapezeus]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

don't forget, the doubters are also flying against what 24 of 32 owners voted for when they approved of the lease. if moving the team was a priority, the owners would have made sure that no lease was signed or that there were plenty of outclauses. especially way in advance of 2020.

[kingJofNYC]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

This is the future of sports ownership. Private equity and investment funds will own most of the sports teams going forward, obviously there will be exceptions. Kelly would just be a face for a faceless organization, much like Magic is for the Dodgers.

[WagonCircler]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

Articles all over the internet have his net worth at approximately $1 BIL.

I'll stick with Terry, but this wouldn't be tragic.

But I also think it's far fetched. Gundlach's total net worth is $1 BIL. Terry has almost $2 BIL in liquid assets, and he's making all the right moves.

[Guest]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

don't forget, the doubters are also flying against what 24 of 32 owners voted for when they approved of the lease. if moving the team was a priority, the owners would have made sure that no lease was signed or that there were plenty of outclauses. especially way in advance of 2020.

So the Bills ownership brings the lease to the other owners for approval and you believe there was a possibility that the other owners would reject a lease the Bills ownership was happy with?

Then you conclude that this is some sort of approval by the owners for the long-term suitability of Buffalo as a NFL location?

If a new Bills owner brings relocation to the NFL owners for approval in 2020 saying that there is not enough public funding for a new stadium in Buffalo, the NFL owners will approve that relocation.

[Dr. Who]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

Pegula is the best option and I think he will end up winning the bid.

[Dr. Who]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

So the Bills ownership brings the lease to the other owners for approval and you believe there was a possibility that the other owners would reject a lease the Bills ownership was happy with?

Then you conclude that this is some sort of approval by the owners for the long-term suitability of Buffalo as a NFL location?

If a new Bills owner brings relocation to the NFL owners for approval in 2020 saying that there is not enough public funding for a new stadium in Buffalo, the NFL owners will approve that relocation.

There are some potential owners who will clearly keep the Bills in Buffalo. Pegula, Golisano, Gundlach, apparently, are in that group. I think it will be relatively clear whether the new owner presents a concern about the future or not.

[better days]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

So the Bills ownership brings the lease to the other owners for approval and you believe there was a possibility that the other owners would reject a lease the Bills ownership was happy with?

Then you conclude that this is some sort of approval by the owners for the long-term suitability of Buffalo as a NFL location?

If a new Bills owner brings relocation to the NFL owners for approval in 2020 saying that there is not enough public funding for a new stadium in Buffalo, the NFL owners will approve that relocation.

Maybe the other owners would approve the move or maybe they wouldn't.

There will be no way to know because the new Bills owner will not want to move the Bills in any case.

[Guest]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

Maybe the other owners would approve the move or maybe they wouldn't.

There will be no way to know because the new Bills owner will not want to move the Bills in any case.

In your view, the new owner will own the Bills for charitable purposes regardless if he makes money on his investment. This local owner in your view will own the team for nostalgia or heritage purposes primarily.

I believe even if it is a local owner, they will want to make a reasonable return on their investment and will raise prices to do so over this period leading to 2020 to test whether Bills fans are willing to pay on average as much as fans in other NFL cities to support their team before investing even more of his money into a new stadium. I think the fans will meet that test.

[better days]

Re: Jeffrey Gundlach Exploring Buying Buffalo Bills

In your view, the new owner will own the Bills for charitable purposes regardless if he makes money on his investment. This local owner in your view will own the team for nostalgia or heritage purposes primarily.

I believe even if it is a local owner, they will want to make a reasonable return on their investment and will raise prices to do so over this period leading to 2020 to test whether Bills fans are willing to pay on average as much as fans in other NFL cities to support their team before investing even more of his money into a new stadium. I think the fans will meet that test.

As has been said by others before, the new owner of the Bills will see a reasonable return on his investment with the Bills in BUFFALO.