Cubs Co-Owner Laura Ricketts Co-Hosts Biden's Chicago Fundraiser
CHICAGO — President Joe Biden traveled to Chicago Monday for a fundraising event with wealthy local donors co-hosted by Wilmette sports team owner Laura Ricketts and Chicago finance CEO Michael Sacks, and their spouses.
Biden last year appointed Ricketts, the co-owner of the Chicago Cubs, Chicago Red Stars and Chicago Sky, to the President’s Council on Sports, Fitness, & Nutrition.
The Wilmette resident is the first LGBTQ woman to co-own a Major League Baseball franchise and the co-founder and board chair of LPAC, a national political organization dedicated to electing LGBTQ women and nonbinary people to public office.
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Sacks, the CEO of asset management firm GCM Grosvenor, is the leader of the host committee for the upcoming Democratic National Convention.
About 50 friends and donors attended the event, which was held “in an art-filled room in Sacks’ high-rise,” above street-level protests against the Israel-Hamas war, Politico reported.
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Other attendees reportedly included Illinois First Lady M.K. Pritzker, Newsweb founder Fred Eychaner and former White House chief of staff and Chicago mayoral candidate Bill Daley.
The event was expected to raise about $2.5 million for the Biden Action Fund, which splits money between the president’s reelection campaign and the Democratic National Committee, according to the Chicago Sun-Times, which obtained a copy of the invitation.
The host committee for the Aug. 19-22 convention separately pledged to raise more than $84 million. The Sun-Times reported it is aiming to collect that from big-dollar donors and organizations that would otherwise be banned from federal campaign contributions — corporations and unions.
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