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For Your Money, You Get A 2-9 Team. What A Bargain
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The Buffalo Bills are on the short list of NFL teams interested in moving, whether to its second home across the lake in Toronto or to someplace like L.A. How to keep them in Buffalo? One young investment banker in Washington with Buffalo roots has an idea: sell low-interest bonds to help a buyer finance the purchase of the team with the proviso that the club remain in Buffalo. Clever, and it beats tax money going to build a stadium, but should fans bear the risk that the buyer might default on the bonds? (Buffalo News)
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