Morgan wastes $1.7 million failing

Gareth Morgan

Gareth Morgan has wasted $1.7 million failing in the election.

The Opportunities Party’s failed campaign to get into Parliament cost founder Gareth Morgan at least $1.7 million out of his own pocket.

The party declared another $300,000 donation from Morgan last week, on top of previous donations totalling $1.4 million.

Morgan’s party, which was formed just 10 months before the election, won 2.2 per cent of the vote in preliminary results and no electorate seats.

On top of the donations, Morgan also promised to spend up to $1 million giving to charities as part of a stunt which he hoped would attract more voters.

As a relatively new party with no established backers, TOP received only $41,000 from the Electoral Commission for its broadcasting allocation – compared to more than $1 million for National and Labour.

Morgan, an economist and philanthropist, made his fortune in economic forecasting, investment and banking. While his net worth is not known, he famously made $47 million from his $75,000 stake in his son Sam’s company TradeMe when it sold to Fairfax.

He has previously said that TOP is a long-term project and that it will stand again in 2020.

They will fail in 2020 too.

These political retards never learn.

Once again we are shown that money cannot buy you elections.

He should have stuck to killing cats.


-NZ Herald

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

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