Republican donor expected to shell out $10 million to Gingrich super PAC
February 17th, 2012
09:36 AM ET
9 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. Lynda/Minnesota

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

    Whatever. I am beyond caring about Republican primary shenanigans anymore. The entire process has been one big embarrassment after another ... for America and for Republicans. Doubt it will be improving anytime soon.

    Obama/Biden 2012

    February 17, 2012 09:47 am at 9:47 am |
  2. NVa Native

    How ugly can one person be? And this question has nothing to do with his looks.

    February 17, 2012 09:50 am at 9:50 am |
  3. Bill

    This is too funny. But is is great theatre to see to the GOP self destruct and turn the nomination process in a Keystone Kops movie.

    February 17, 2012 09:55 am at 9:55 am |
  4. DDanny1

    GO NEWT! If he doesn't get the Repub nomination he's going to make sure the guy who does loses in November.

    February 17, 2012 09:57 am at 9:57 am |
  5. MW

    A fool and his money...

    February 17, 2012 09:58 am at 9:58 am |
  6. dnick47

    Gringrich is and alwys has been and will always be in the back pocket of the monied interest. Whomever can enhance his inflated ego controls him. He's a fraud, a cheat, a liar, a miscreant, a blackguard, you name it – his ad claiming to be a defender of religon is enough to make one puke and another example of his devious ling ways.y

    February 17, 2012 10:00 am at 10:00 am |
  7. vic , nashville ,tn

    One person giving $ 20 Millions to one campaign thanks supreme court

    February 17, 2012 10:05 am at 10:05 am |
  8. stuart cheshire

    A Fool and His Money....

    February 17, 2012 10:08 am at 10:08 am |
  9. Dominican mama 4 Obama

    Because ten states go to the polls on that one day, money is key in order to do well
    That's funny. I thought you needed voters to do well.

    February 17, 2012 10:08 am at 10:08 am |
  10. Rudy NYC

    Without this donor, Gingrich's campaign would have died weeks ago, back in Iowa. I guess Mitt Romney was right, S-Corporations are people. Is this the future of our political system? Corporations competing to put their candidate in critical elected offices in our government? Our democracy giving way to a plutocracy?

    We need an amendment declaring money is not speech, NOW.

    February 17, 2012 10:10 am at 10:10 am |
  11. Mayor_McCheese

    Imagine all of the great things that could be done with $10 million. What a stupid waste of money.

    February 17, 2012 10:12 am at 10:12 am |
  12. The Real Tom Paine

    So, another casino magnate is backing a GOP candidate: whatever happened to their vaunted morality, or has that been chucked aside in the pursuit of pursuit of power?

    February 17, 2012 10:13 am at 10:13 am |
  13. Stop the Charade

    Does that mean that Gingrich will have to go to Vegas and perform in a sequined jacket in one of Adelson's casinos or will he just have to wear a large patch on his suit while campaigning that says "Paid For By Gambling Money"?

    February 17, 2012 10:21 am at 10:21 am |
  14. Expat American

    Newt needs more than $10M to get back in the raceā€¦but In all honesty, I think that Gingrich is finished for 2012.

    February 17, 2012 10:29 am at 10:29 am |
  15. Sorensen

    Adelson obviously has not got a clue about the old, "catholic" adulterers chances of ever winning anything.
    Then again, who cares?

    February 17, 2012 10:34 am at 10:34 am |
  16. jake

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

    February 17, 2012 10:38 am at 10:38 am |
  17. Pat in IL

    If that guy wants to waste his money this way, it's his business, but there are better ways to use that kind of cash. Gingrich is a losing "candidate", and there are many charities, medical research, etc. where that money could be better used.

    February 17, 2012 10:42 am at 10:42 am |
  18. asdf

    We really must not be taxing millionaires enough if they would throw $10M down the drain like that.

    February 17, 2012 10:46 am at 10:46 am |
  19. Glenn Doty

    Yea... but Gingrich is not going to attack Santorum, Gingrich is going to attack Willard. It's personal at this point... and we get to see Ohio become the next battleground of intense negative bombardment.

    This is truly great news for President Obama.

    February 17, 2012 10:51 am at 10:51 am |
  20. Marie MD

    Shouldn't this idiot use this money to help those in need, and there are plenty, instead of throwing it away on
    Must be nice 1%er!!

    February 17, 2012 10:52 am at 10:52 am |
  21. ART

    Typical 1%'er. Does he know how many starving children he colud help with that money instead of backing a losing horse in a no where race.

    February 17, 2012 10:53 am at 10:53 am |
  22. GOP = Greed Over People

    Thanks to the activist judges from the Supreme Court, it would indeed appear that you can buy a President of the United States,

    The only unknown is what is the actual sales price, in this case, 20 million and the bidding continues!

    February 17, 2012 10:58 am at 10:58 am |
  23. Larry in Houston

    LOL – I find this one a little funny – 'ole Sheldon already gave him 11 million, and Now he wants to give the newter another 10 Million ?? lol the article says 'ole Sheldon is "giving Gingrich One More Chance" LOL – THEN he says : He's going to be BEHIND Romney IF he becomes the nominee ?? WoW !! That's like being in a fight out on the street or someplace, and (a buddy like sheldon) Gives the guy that is beating you up a baseball bat to knock you out – or knock you down – Then Tells You, IF You Get Up and WIN, I will Give You a Gun, so you can put this guy out of his Misery !! Now I've heard it ALL.

    February 17, 2012 10:59 am at 10:59 am |
  24. Jeff Brown in Jersey

    One out of touch billionare backing an out of touch millionare... Ho Hum!

    February 17, 2012 11:03 am at 11:03 am |
  25. PM Ohio

    Why would someone throw away $10 million? Newt should be bowing out. How about donating that $10m to a worthy chariable Organization...oh yeah, these guys want to buy elections instead.

    February 17, 2012 11:04 am at 11:04 am |
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