10-25-2012, 10:56 AM
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#1
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First Line Centre
Join Date: Jun 2007
Location: Calgary
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Billionaire Oilers owner Katz gave $430,000 to Alberta PCs
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Billionaire entrepreneur and Edmonton Oilers owner Daryl Katz gave Alberta’s Progressive Conservatives nearly half a million dollars – almost one-third of the party’s total fundraising in a single donation – as Premier Alison Redford’s cash-strapped campaign was staring down defeat at the ballot box in the spring election. Documents made public by Elections Alberta on Wednesday record $300,000 in donations from Mr. Katz, his company, his family and business associates.
But a source close to the campaign told The Globe and Mail that Mr. Katz provided a cheque for $430,000 to the PCs, a donation that was broken up into smaller pieces.
The maximum allowable donation to a political party in Alberta from an individual person or company during an election campaign is $30,000. Elections Alberta said splitting donations is allowed in some circumstances.
Mr. Katz declined requests for comment.
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Link
Related news:
Wildrose bested Tories in fundraising battle during Alberta election
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The statements show that despite the fundraising disparity, the PCs outspent all the other parties combined, running up a $3 million deficit to fend off the Wildrose and win their 12th consecutive election. The Wildrose spent a little less than they earned, ending with a small surplus of about $29,000.
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10-25-2012, 11:04 AM
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#2
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Franchise Player
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Ya, this doesn't stink at all.
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10-25-2012, 11:21 AM
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#3
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Holy crap!!!
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Daryl Katz gave Alberta’s Progressive Conservatives nearly half a million dollars – almost one-third of the party’s total fundraising in a single donation – as Premier Alison Redford’s cash-strapped campaign was staring down defeat at the ballot box in the spring election.
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Glad I voted WildRose. Too bad they didn't win.
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10-25-2012, 11:23 AM
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#4
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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Quote:
Originally Posted by Rerun
Holy crap!!!
Glad I voted WildRose. Too bad they didn't win.
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And still no arena for the Oilers.....
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
Quote:
Originally Posted by Sliver
Just ignore me...I'm in a mood today.
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10-25-2012, 11:25 AM
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#5
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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Quote:
Originally Posted by Rerun
Glad I voted WildRose. Too bad they didn't win.
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Why? they would have been terrible to lead this province. That plus i'm sure Redford would have won anyways without that donation.
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10-25-2012, 11:29 AM
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#6
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Quote:
Originally Posted by undercoverbrother
And still no arena for the Oilers.....
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That has more to do with the Edmonton city council than Redford and her party.
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10-25-2012, 11:30 AM
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#7
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Quote:
Originally Posted by Bertuzzied
Why? they would have been terrible to lead this province. That plus i'm sure Redford would have won anyways without that donation.
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Well my opinion is different than yours but we'll never really know will we.
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10-25-2012, 11:30 AM
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#8
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Powerplay Quarterback
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Quote:
Originally Posted by undercoverbrother
And still no arena for the Oilers.....
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haha stupid oilers!
anyways that is a huge amount, he must have really wanted the conservatives to win. He could have paid for his stadium himself!
__________________
GO FLAMES, STAMPEDERS, ROUGHNECKS, CALVARY, and HITMEN!
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10-25-2012, 11:32 AM
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#9
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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Quote:
Originally Posted by Rerun
That has more to do with the Edmonton city council than Redford and her party.
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Yeah I know
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
Quote:
Originally Posted by Sliver
Just ignore me...I'm in a mood today.
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10-25-2012, 11:32 AM
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#10
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Franchise Player
Join Date: Oct 2001
Location: Vancouver
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He was probably buying their support for provincial funding for a new arena.
__________________
"A pessimist thinks things can't get any worse. An optimist knows they can."
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10-25-2012, 11:41 AM
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#11
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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Quote:
Originally Posted by calgaryrocks
haha stupid oilers!
anyways that is a huge amount, he must have really wanted the conservatives to win. He could have paid for his stadium himself!
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$430,000 doesn't even pay for the arena's parking lot 
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
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10-25-2012, 11:42 AM
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#12
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Had an idea!
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Can we not turn this issue into which party is better, and ignore the issue at hand, which is that a single individual apparently gave a political party in Alberta $400,000 more than he was allowed too.
Unless I'm missing something.
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The Following 3 Users Say Thank You to Azure For This Useful Post:
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10-25-2012, 11:44 AM
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#13
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Often Thinks About Pickles
Join Date: Jan 2007
Location: Okotoks
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Quote:
Originally Posted by Azure
Can we not turn this issue into which party is better, and ignore the issue at hand, which is that a single individual apparently gave a political party in Alberta $400,000 more than he was allowed too.
Unless I'm missing something.
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Actually I think the issue is that Redford and her party accepted $400,000 more than they were supposed to, from a single individual.
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The Following 3 Users Say Thank You to Rerun For This Useful Post:
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10-25-2012, 11:45 AM
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#14
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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Quote:
Originally Posted by Azure
Can we not turn this issue into which party is better, and ignore the issue at hand, which is that a single individual apparently gave a political party in Alberta $400,000 more than he was allowed too.
Unless I'm missing something.
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It's fine. He used Colbert's Superpac.
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10-25-2012, 11:45 AM
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#15
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Powerplay Quarterback
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Quote:
Originally Posted by GirlySports
$430,000 doesn't even pay for the arena's parking lot
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hahahaha oops, I was thinking larger
anyways it is still way more than appropriate for one person to donate, unless he could prove that each person chipping in put up $30000 or less, which I doubt
__________________
GO FLAMES, STAMPEDERS, ROUGHNECKS, CALVARY, and HITMEN!
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10-25-2012, 11:49 AM
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#16
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Franchise Player
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Quote:
Originally Posted by Rerun
Actually I think the issue is that Redford and her party accepted $400,000 more than they were supposed to, from a single individual.
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Did they? I don't know the election rules in Alberta, but it seems as though the donations could have come from a variety of sources to break it into allowable amounts.
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10-25-2012, 11:50 AM
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#17
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Had an idea!
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Quote:
Originally Posted by Rerun
Actually I think the issue is that Redford and her party accepted $400,000 more than they were supposed to, from a single individual.
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And that too.
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10-25-2012, 11:50 AM
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#19
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Franchise Player
Join Date: Nov 2006
Location: Salmon with Arms
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I find this odd considering the PC governments drug reform has likely cost his pharmacy business 10's of millions. Unless the opposition's plans were eorse
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10-25-2012, 11:51 AM
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#20
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First Line Centre
Join Date: Jun 2007
Location: Calgary
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Quote:
Originally Posted by Rerun
Actually I think the issue is that Redford and her party accepted $400,000 more than they were supposed to, from a single individual.
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Quote:
Originally Posted by Azure
Can we not turn this issue into which party is better, and ignore the issue at hand, which is that a single individual apparently gave a political party in Alberta $400,000 more than he was allowed too.
Unless I'm missing something.
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This is a fine example of walking a very thin line on the legal aspect.
The limit per person or corporation is $30,000.00. So one could "gift" 30K to each of their children and they in turn donate; or a Corp can pay dividends and employees donate in their own names.
Laws broken; no. Morally questionable; yes.
In the Katz case, as I understand it, it was one cheque.... which should raise eyebrows, questions and alarm bells.
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