Sources: Jim Kelly, Jeff Gundlach meet with Bills trust, want to partner with bigger group
updated 12:58 PM , June 23, 2015
Buffalo Bills legend Jim Kelly still is trying to find his way into the team's sale process.
But the Hall of Fame quarterback has sidled up to a business partner in hopes of gaining entry.
The Buffalo News has learned Kelly and bond investor Jeffrey Gundlach met with the Bills' trust Thursday in the Detroit area, where Ralph Wilson Enterprises is located.
Gundlach, an Amherst High grad, is CEO of DoubleLine Capital, a Los Angeles-based firm that oversees assets worth about $50 billion. Gundlach told the Wall Street Journal in 2011 it was his dream to buy the Bills and keep them in Western New York after Wilson's death.
Gundlach might not have enough cash to take the lead in buying an NFL club, but sources told The News that he and Kelly met with the Bills' trust in hopes of being matched as minority partners with a more formidable party.
The Toronto Sun on Thursday night reported "an unnamed 'L.A. guy' never showed up" to Kelly's meeting. At least that part of the story was false.
Kelly is a fan favorite for obvious reasons. The greatest player in franchise history has stressed for years he planned to organize a group to keep the Bills in Western New York.
Kelly has been trying to overcome cancer for the past year. He's expected to find out later this month if chemotherapy and radiation treatments were successful in neutralizing tumors in his head.
The Bills' trust began making presentations to prospective buyers Wednesday, when billionaire developer Donald Trump flew to Detroit.
It's probably no coincidence that one day later, a New York Post story, quoting an anonymous source, revealed some of the confidential financial information the Bills' trust presented. The story said the Bills made between $30 million and $40 million in profits last year.
An NFL source informed The News four more meetings have been scheduled for next week in Manhattan, with another one or two meetings possible the week after.