Fat Katz

“I’m sorry little boy. This is an Oilers-only campaign.”

It appears Daryl Katz has a thing for crumbling dynasties:

Billionaire Oilers owner Katz gave $430,000 to Alberta PCs

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.

Although Alberta has a $30,000 individual and corporate donation limit, it appears there’s nothing to stop an individual from “drecting” their contribution through friends and family.

And who can fault Katz? He’s looking for government support for a new arena, so $430,000 to help re-elect the PCs will likely pay a bigger return than, say, paying Shawn Horcoff $5.5 million a year to consistently score a dozen goals.

Posted on by CalgaryGrit in Alberta Politics

About CalgaryGrit

A former Calgary Liberal, now living in Toronto. My writings on politics can be found at www.calgarygrit.ca and online at the National Post.

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