KEVIN O’LEARY CASHES OUT

INVESTOR DROPS OUT OF CONSERVATIVE LEADERSHIP RACE

O’Leary throwing his support behind Quebec rival Maxime Bernier

Celebrity investor and reality-TV star Kevin O’Leary, who rattled Conservative cages three months ago when he joined the party’s leadership race, did it again Wednesday by quitting a contest observers believe he had every chance of winning.

O’Leary’s stunning news — he’s throwing his support behind Quebec rival Maxime Bernier — appeared to catch even some members of his campaign team off-guard as they gathered to prepare for Wednesday’s final leadership debate.

Behind the scenes, however, O’Leary had been mulling the idea for about a week, say sources, ever more convinced that as leader, he might never be able to rally enough support in Quebec to deliver a majority Conservative mandate in 2019. “It’s selfish to just take the leadership and say, ‘Great, I’m the leader, now in 24 months I will lose for the party,’” the frank-talking “Shark Tank” star told a news conference in Toronto.

“That’s not right. That’s just wrong.”

The tipping point, he said, came when he saw Conservative membership numbers overall that were even higher than he expected, which meant he didn’t have as large a share of the support as he thought he did.

When he learned that ballots had already been printed and mailed, he decided to act, picking up a phone at 1:30 a.m. to call Bernier, a longtime Quebec MP, to pledge his support.

The two share similar policies, while Bernier can deliver the number of seats the Tories need to form a majority government, O’Leary said.

On the campaign trail, the two weren’t exactly the best of friends. Bernier at one point called O’Leary a “loser,” and each campaign more or less accused the other of voter fraud, though the allegations were never proven.

But it was all smiles Wednesday as Bernier said the endorsement marks a turning point.

“As Kevin says, in Quebec the numbers for me are very good and the competition I had outside Quebec was really Kevin,” Bernier said in French.

“And we’re going to bring our forces together so we can win this race and then beat Justin Trudeau in 2019.”

O’Leary said he’ll do whatever it takes to help Bernier, but defended the fact his campaign sent out a fundraising letter just hours before he dropped out. He said he still needs the funds and will continue to raise money, though he didn’t explain why.

A lack of facility with French was always considered one of O’Leary’s greatest liabilities.