Republican donor expected to shell out $10 million to Gingrich super PAC
February 17th, 2012
09:36 AM ET
3 years ago

Republican donor expected to shell out $10 million to Gingrich super PAC

Washington (CNN) - In a move that could again dramatically shake up the Republican primary race, billionaire and major Republican donor Sheldon Adelson is expected to donate an additional $10 million to the super PAC supporting Newt Gingrich, Winning Our Future, a source with knowledge of the donation told CNN.

That contribution is expected soon, before the end of the month, the source said. The timing is important because Gingirch, whose campaign has been lagging, is hoping to do well in several of the upcoming Super Tuesday states that vote on March 6 to boost his effort. His allies will need that money to be in a position to help. Because ten states go to the polls on that one day, money is key in order to do well.

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Such a large gift will give Winning Our Future a major financial shot in the arm and will help it narrow the financial disparity it has with the super PACs supporting Mitt Romney and Rick Santorum. Both of those groups are up with major TV ad buys while Winning Our Future is up with several radio ad campaigns.

Adelson, a Nevada casino mogul, and his extended family have already given $11 million to that PAC.

A spokesman for Adelson refused to comment on whether he will give more money.

There had been much speculation over whether Adelson would contribute more to aid Gingrich after he failed to win the Florida primary or do well in subsequent contests. Adelson and Gingrich's friendship goes back to the days when he was House speaker, and both share a strong commitment to Israel.

Some Republicans urged Adelson not to donate more to the super PAC to avoid lengthening the Republican nomination battle.

One motivation for Adelson, according to a second source with knowledge of his thinking, is that he does not want to see Santorum capture the nomination.

Any future Adelson contributions could weaken Santorum by continuing to divide the conservative vote among several candidates.

"He understands the numbers," the source said explaining if Gingrich did leave the primary race he believes many of those supporters would support Santorum.

"Adelson is certainly giving Gingrich one more chance. But given Gingrich's poll numbers, Adelson's cash infusion is more about knocking Santorum from the top of the polls than it is about boosting Gingrich's chances. While Adelson supports Gingrich, he is concerned that Santorum could win the nomination over Romney," said Ford O'Connell, a Republican strategist who is not backing any candidate in the primary.

O'Connell worked for Sen. John McCain's 2008 presidential campaign.

Adelson has told associates his major motivation is to see Barack Obama defeated in the general election, as CNN previously reported. Adelson met with Mitt Romney on February 3 while he was in Nevada campaigning for the caucuses and has also spoken to him by phone.

Adelson "has assured Romney that he will be behind him 100% should he become the nominee," one of the sources previously told CNN.

Both of CNN's sources could not speak on the record because Adelson wants his decisions kept private.

Earlier this week the Wall Street Journal first reported the possibility of Adelson's additional contribution.

- Follow Kevin Bohn on Twitter @KevinBohnCNN


Filed under: 2012 • Ads • Newt Gingrich
soundoff (39 Responses)
  1. V in Chicago

    I wish I had $10 million dollars to just throw away. Newt will never be President and I doubt very much if he could get elected to any office at this point. I bet there is some position that has been promised to Mr. Adelson, just like there was with Herman Cain when he came out to endorse Gingrich.

    It doesn't matter how much money he gets – it doesn't change him. He is delusional, biggoted, hateful, egotisical and evil. No amount of money can hide the real Newt Gingrich.

    Hey Sheldon, if you want to throw away some more money, I could use some.

    February 17, 2012 11:08 am at 11:08 am |
  2. Jack

    It's sad to see that 1 person can decide possibly the fate of our country, not with a vote, or a great idea, but with money. I guess the size of your wallet does mean you get a bigger say than everyone else.

    February 17, 2012 11:10 am at 11:10 am |
  3. Anthony

    Conservative justices on the Supreme Court must be horrified that the Citizens United decision allows Republican candidates to kill off one another before one of them has a chance to face Obama. If Obama is re-elected, the days of a conservative majority on the Supreme Court are numbered.

    February 17, 2012 11:18 am at 11:18 am |
  4. Eye of Newt

    This is outstanding news. I think Newt can get back into this thing if he hits his opponents a little harder. Its time for Newt to take off the gloves. He must point out the serious flaws and weaknesses in Romney and Santorum.

    Everyone knows how superior Newt is in every possible way, and how Newt deserves the White House. So all he has left to do is expose the unworthyness of the competition.

    The real battle is about to begin. Go Newt!!!

    February 17, 2012 11:21 am at 11:21 am |
  5. logicnLA

    There canbe only one reason for Adelson's decision to put an additional 10 million into Newt's campaign. He too has an open marriage and they plan on swapping wives during his stay in the Lincoln bedroom

    February 17, 2012 11:25 am at 11:25 am |
  6. BobRayTalbot

    Assuming Kevin Bohn's assessment of Adelson's motivations is correct, it underscores the pervasive, ongoing, attitude of mainstream Republicans regarding this presidential race. Beat Obama at all cost. Never mind that Republicans, as well as Democrats, have elected one President after another for nearly 50 years who have stood in lockstep with policies that have now led to the diminution of the American Culture and the American way of life. In spite of what these "experts" may believe, this country is now involved in a Civil War. No President who is less of a moral and intellectual leader than Abraham Lincoln will be able to save this country from the abyss of cultural fragmentation and economic mediocrity. And Mitt Romney ain't it.

    February 17, 2012 11:26 am at 11:26 am |
  7. Mr. Moderate

    If someone can throw away $10 million in this manner and not even flinch, I think yet again its proof that the wealth can indeed pay more taxes and still remain "job creators".

    February 17, 2012 11:27 am at 11:27 am |
  8. Drinky Crow

    So, tell me again why Republicans attack George Soros? I can only guess that it's because they see him as a class traitor.

    February 17, 2012 11:36 am at 11:36 am |
  9. once upon a horse

    the way these guys are shelling out this type of money that should PROVE the recession is over. Thank you Mr President.

    February 17, 2012 11:38 am at 11:38 am |
  10. Steve Moore Smithton, Mo.

    P.T.Barnum was right

    February 17, 2012 11:52 am at 11:52 am |
  11. The Greedy Old PIgs declared class war on US!

    "I have just one question. What does Sheldon Adelson want from Gringrich for this mega donation? Just saying."

    Good question. Voters would do well to pay attention to Adelson and to Santorum's sugar daddy Freiss (not to mention Rmoney's psychopathic neocon backers). All three candidates are receiving large cash infusions from people who appear to have a very anti-American agenda, or at least one that does not favor the poor, the middle class and our troops.

    February 17, 2012 11:53 am at 11:53 am |
  12. Expat American

    Does this mean Sheldon Adelson will give $10M to anyone who will lose the nomination for President or just Cotton Hill?

    February 17, 2012 11:59 am at 11:59 am |
  13. S.B. Stein E.B. NJ

    Is this a case of a fool and his money? I don't think that Gingrich can pull off the nomination unless something dramatic happens that sinks Romney and Santorum.

    February 17, 2012 12:15 pm at 12:15 pm |
  14. Jamie from Riverside

    Another 10 million dollars down the drain!
    Why not put it to better use and flush it down the toilet instead.

    February 17, 2012 12:22 pm at 12:22 pm |
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