There is a new name among the pool of candidates to buy the Buffalo Bills - a local name that is seeking an alliance with Hall of Fame quarterback Jim Kelly in his bid.
Tim Graham of The Buffalo News reports that Jeffrey Gundlach, CEO and COO of a Los Angeles-based investment firm, is looking at the possibility of making a purchase bid, and is seeking to align with Kelly in doing so.
If Gundlach's name is familiar to you, it's because he disclosed his interest in buying the Bills in May of 2011, just over three months after Terry Pegula purchased the Buffalo Sabres. But don't let the fact that his business is based out of Los Angeles worry you; Gundlach is a Western New York native, and is among the candidates that would keep the team in Buffalo.
What isn't as clear about Gundlach is what kind of capital he brings to the table. As Graham points out in his report, since that declaration three years ago, Gundlach testified in a court proceeding that he was worth $90 million, which obviously is not enough to compete for a NFL franchise. But Graham is hearing that Gundlach is worth significantly more now - perhaps as much as $1 billion - and any partnership with Kelly would certainly strengthen his bid.
WGRZ's Adam Benigni followed up Graham's report on Wednesday evening by adding that the Kelly camp, stationed at the football field at Sweet Home High in Amherst for Kelly's annual football camp, had no comment on the report.