A tangle of super PACs that supported U.S. Sen. Ted Cruz’s presidential bid still have more than $20 million in the bank — and must now decide whether to back Donald Trump, close shop or play politics elsewhere.
Nearly all the remaining money is held by half a dozen loosely affiliated super PACs known as the “Keep the Promise” network, several members of which were controlled by individual megadonors and their families.
Overall, outside groups raised $62.4 million to support Cruz, and they spent $43.3 million, according to federal disclosures.
At least two of the groups — those spearheaded by wealthy Republican benefactors Toby Neugebauer and Robert Mercer — might support other candidates.
Another group, Keep the Promise III, which received $15 million from the Wilks family, fracking billionaires from Texas, did not respond to questions about its plans. According to Bloomberg, the Wilks family will sit out the remainder of the presidential race.