Mitt Romney expected to bring in $7.5m during Boston area fundraisers on Friday
WASHINGTON -- Mitt Romney’s presidential campaign is expected to bring in $7.5 million during fundraisers Friday night in the Boston area, making it the biggest Massachusetts fundraisers he’s had and providing him with fresh funds at a key moment in the race.
Romney is appearing with his running mate, Paul Ryan, at a reception at the Chestnut Hill home of former Reebok CEO Paul Fireman, followed by a $75,000-a-plate dinner at the home of New England Patriots President Jonathan Kraft.
A source familiar with the events, speaking on the condition of anyonymity because they were not authorized by the campaign, said they would bring in some $7.5 million. In addition, the source said, Romney would raise an estimated $5 million at a fundraiser on Thursday afternoon at the Renaissance Marriott in Washington.
“Enthusiasm up,” the source said. “Folks are juiced.”
Romney has fallen behind on the fundraising front, and recent polls illustrate an uphill climb for his campaign. Although Romney has helped raise big sums -- taking in donations as high as $75,000 -- most of the money has been going to the Republican National Committee, and isn’t under complete control of Romney’s campaign.
President Obama, on the other hand, has raised money in smaller chunks and now has more cash-on-hand under his control for the final stretch of the campaign. Romney started September with about $50 million in his account, compared to nearly $90 million for Obama.
It is unclear how much of the $7.5 million that Romney raises on Friday night will come from Massachusetts residents, and how much will come from people from nearby states who may be coming to Massachusetts for the fundraiser.
An invitation obtained by the Globe last week shows the reception at the Firemans’ home costs at least $2,500 per person, and a “VIP reception” with Ryan costs $50,000 a person. The “Romney Victory Dinner” at the Krafts’ home immediately following has a suggested contribution level of $75,000.
Kraft, a son of the Patriots’ owner Bob Kraft, started his career at Bain & Co., where Romney previously worked. The event’s hosts also include Staples Inc. founder Tom Stemberg, Bain Capital managing director Paul Edgerley, and Robert A. Maginn Jr., another Bain & Co. alum who is now chairman of the Massachusetts Republican Party.Matt Viser can be reached at firstname.lastname@example.org.