MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 11, 2014 Gundlach Makes a Play for His Hometown NFL Team You always remember your hometown teams. And in the case of bond guru Jeffrey Gundlach, founder of DoubleLine, sometimes you can buy one of them. Gundlach, who grew up in Western New York, reportedly has shown interest in buying the Buffalo Bills, according to a number of news outlets, including the Buffalo News; WGRZ; Buffalo Rumblings, as well as Sports Illustrated NBC Sports. This is not the first time he reportedly expressed interest, according to the Buffalo News. But at that time, during his breakaway from previous firm TCW, according to the pub, Gundlach didn't have the money to purchase his beloved hometown team, which has made it four times to the Super Bowl but has yet to win a title. Now though, the Buffalo News reports that Gundlach's estimated net worth is reaching $1 billion, affording him more disposable income for this venture. The pub reports that Gundlach has also approached legendary former Bills quarterback Jim Kelly about launching an investor's group to buy the team. Other big players are interested in purchasing the team though, according to the Buffalo News, including Buffalo Sabres owner Tom Golisano and developer Donald Trump, among others. One of Gundlach's goals for buying the team is to keep it in Buffalo, reports the pub. Printed from: MFWire.com/story.asp?s=49110 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |