Last May, we met Thomas Guerriero. At the time, the Guerreiro Wealth Holdings founder had just been accused by an underline of sending her videos of himself masturbating, texts about stuff he wanted to do to her (rife with grammatical errors), groping her, and leaving lewd Post-Its at her desk. Since then Guerreiro decided to abandon Wall Street (which he says is populated with “blood thirsty people who are looking to take your legs out from under you,”) selling his company and starting fresh with WMX Group, which has four companies and counting under its umbrella, one of which Tommy-boy describes as "the Berkshire Hathaway of professional sports."
A holding group that launched in January, WMX contains four companies: World Mercantile Exchange (“the safest and most secure proprietary trading platform for the buying and selling of real agricultural products across the globe”); WEX Lab (“conducting world-class, cutting-edge interdisciplinary research in genomics and other fundamental sciences”); The Harvard Think Tank (which funds startups); and WEX Sports, which is, arguably, the focus of Guerriero’s reinvention.
WEX Sports purports to have a minority stake in numerous teams – including several European football teams, the New York Rangers and the New York Knicks. It is not a way of picking up investors; on that Guerriero is adamant. Rather it’s his pet project – funded entirely by himself, he says. “[We're] the Berkshire Hathaway of professional sports. We do have diversified holdings on several teams,” Guerriero said, adding that he hopes to end up “taking a majority of several of the most dominant teams in the world,” down the road.
He couldn’t say specifically what total dollar amount that he currently has invested in the teams he has stakes in, because “it actually fluctuates on a day to day basis.” Hmm. He did, however, note that WEX maintains “under a 15-percent interest in each of the teams,” so take that for what it’s worth.
If you're thinking that sounds like something you'd might be interested in, think again. According to Guerriero, they "get calls every single day from teams that are struggling" and so far have “turned away pretty much everyone who’s approached us, even if they had a $50 million check.” Should he decide to get generous, be forewarned:
Guerriero said that WEX is now considering dismantling his investor policy and will begin considering bids from interested parties. “It’s an extensive vetting process… we have to feel they are not only an accredited investor… but that they’re going to be good to work with hand-in-hand,” Guerriero said.
Anyone known to get all pissy over a couple of crotch shots and/or being on the receiving end of a texts from TG along the lines of “I wanna take you in the stairwell on the low wat u say . . . I know ul love it. meet me there i wanna touch u already,” need not apply.
Thomas Guerriero Launches WMX Group [Mogulite]