Billionaire hedge fund manager Bill Ackman is offering “hundreds of millions of dollars” to back a challenger to New York City mayoral candidate Zohran Mamdani.

“There are hundreds of million of dollars of capital available to back a competitor to Mamdani that can be put together overnight (believe me, I am in the text strings and the WhatsApp groups) so that a great alternative candidate won’t spend any time raising funds,” Ackman said in a post on X.

“So, if the right candidate would raise his or her hand tomorrow, the funds will pour in. I am sure that Mike Bloomberg will share his how-to-win-the-mayoralty IP and deliver his entire election apparatus and system to the aspiring candidate so that the candidate can focus all of his or her energy on the campaign.”

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