InvestorsHub Logo
Followers 80
Posts 82226
Boards Moderated 2
Alias Born 12/26/2003

Re: None

Friday, 07/15/2016 11:58:53 PM

Friday, July 15, 2016 11:58:53 PM

Post# of 482070
Fund-raising stalled, Republican convention asks Adelson for donation

CLEVELAND | By Daniel Trotta
Fri Jul 15, 2016 10:29pm EDT

A handful of donors to the Republican National Convention have withdrawn pledges and fund-raising has stalled during Donald Trump's polarizing bid for the presidency, leading organizers to ask casino mogul Sheldon Adelson for an urgent donation.

The Cleveland 2016 Host Committee said in a statement on Friday it had approached Adelson, a generous party benefactor, while also acknowledging its fund-raising has come to a virtual standstill, leaving a $6 million shortfall.

"Negative publicity around our potential nominee resulted in a considerable number of pledges backing out from their commitments," the Host Committee said in a letter it sent to Adelson, according to the political news website Politico, which said it had obtained the letter.


The Host Committee on Friday confirmed such a letter was sent to Adelson and his wife, Miriam Adelson, but it downgraded the withdrawn pledges from "considerable" to "a handful." It said the hastily sent original letter "mischaracterized" the status of some donations. Some companies identified in the letter as having backed out said on Friday they had never made such pledges.

"Unfortunately, this letter (to Adelson) was not reviewed nor authorized by the Host Committee chairpersons, and it mischaracterized certain donations from individuals and corporations," the statement said.

"Some of what were referred to as pledges were actually expectations based on pledges made to previous conventions, while a handful had been withdrawn from the Host Committee for 2016 Republican National Convention," it said.

The committee said it had apologized to the Adelsons' staff.

there's more .. .They're SHORT! have to go to vegas and hit the other fat man..
http://www.reuters.com/article/us-usa-election-companies-idUSKCN0ZW060?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.