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Old 10-25-2012, 10:56 AM   #1
First Lady
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Default 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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Related news:

Wildrose bested Tories in fundraising battle during Alberta election

Quote:
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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