Ackman, who donated $500,000 to Cuomo’s failed Democratic primary campaign, revealed in a lengthy Wednesday night social media post that he believes the current mayor is best positioned to overcome Mamdani — a democratic socialist Assembly member whom Ackman seems desperate to stop.
Both Adams and Cuomo hold independent ballot lines in the general election. Adams’ campaign is full steam ahead, and Cuomo is still weighing whether to actively campaign after getting trounced in the primary.
“I met yesterday with @NYCMayor Eric Adams and @andrewcuomo to discuss the upcoming election, and I spent an hour or so with each of them,” Ackman wrote in his post. “In short, my takeaway is that Adams can win the upcoming election and that the governor should step aside to maximize Adams’ probability of success.”
Billionaire hedge fund manager Bill Ackman is throwing his support behind Mayor Eric Adams’ uphill independent reelection effort and urging former Gov. Andrew Cuomo to step aside so Hizzoner can have a better shot at besting Democratic nominee Zohran Mamdani.Photo by Anthony Behar/Sipa USA via Reuters
Ackman added that while he still holds Cuomo — who is 67 — in “high regard,” it was “abundantly clear in his body language, his subdued energy and his proposals to beat Mamdani, that he is not up for the fight.”
In stark contrast, he praised Adams as “ready to go to battle, guns blazing with enormous energy.”
“Adams is a great campaigner who can lead the grassroots effort needed to defeat Mamdani, and as mayor, he has a great platform to tell his story,” Ackman added.
Although Ackman acknowledged that Adams’ scandal-scarred first term has “not been without flaws,” he said it has been “strong” overall.
Ackman’s post marks yet another blow to Cuomo’s hopes of mounting a serious general election challenge in a race that includes Mamdani, Adams, Republican nominee Curtis Sliwa, and independent attorney Jim Walden. It comes after the Rev. Al Sharpton, a powerful political leader in the city’s Black communities, also urged Cuomo to step back, so Mamdani and Adams can duke it out.
In response, Cuomo spokesperson Rich Azzopardi said, “Everyone is entitled to their own political opinion. We understand President Trump supports Eric Adams and does not believe socialism is the answer.”
“Most New Yorkers are not Trumpers, and most New Yorkers are not socialists — the majority lies in the middle,” Azzopardi said. “We will continue to assess the current situation in the best interest of the people of the City of New York.”
The Cuomo spokesperson also pointed to a survey conducted by the conservative polling firm American Pulse Research & Polling that has Cuomo in second place at 29%, while Mamdani leads at 35%. It also shows Cuomo well ahead of Adams, who is in last place at 14%.
Scaramucci stands by Cuomo
However, businessman Anthony Scaramucci, who briefly served as a spokesperson in the first Trump administration, posted on X that he is sticking by Cuomo in the general election. Scaramucci was also one of Cuomo’s many financial backers in the primary.
“I’ve known Andrew for a long time and there is absolutely no one with more fire in their belly or who is stronger in the ring than @andrewcuomo,” Scaramucci said.
Meanwhile, Cuomo has also bled much of the organized labor support that saw him through the primary.
Many of the city’s major labor unions that previously stood behind Cuomo, including 32BJ SEIU and the Hotel and Gaming Trades Council, have quickly abandoned him for Mamdani in light of the Assembly member’s resounding primary victory.
A new public art installation titled “The Liberty Portraits: A Monument to the 2024 Champions,” created by LaToya Ruby Frazier, was unveiled this morning to honor the 2024 WNBA champion New York Liberty. The work is displayed on the Barclays Center plaza.
Frazier, an acclaimed contemporary artist experienced in many different mediums, created her first outdoor work for this project. The installation features double-sided, nine-foot-tall portraits of each player on the 2024 roster in architectural display cases. One side depicts the player in uniform; the other shows the player with their chosen family.
To honor the Liberty and their chosen family in the most authentic way, Frazier made the portraits in locations that hold special meaning for the players. She traveled to many places significant to them, including the Bahamas, where she spent time with Jonquel Jones and her family.
Frazier adds storytelling elements to her art, and each portrait includes a first-person testimony on a text panel from a loved one selected by the player.
The scale of the portraits was inspired by the Statue of Liberty, and the artwork aims to celebrate the team as professional athletes. Frazier created the installation to reflect the power of female leadership, influence, diversity, and a love of basketball and family.
“This collaboration extends beyond fandom and the spectacle of sport; it’s an act of celebrating and bearing witness to the full humanity of these championship players — their struggles, their triumphs, their lives outside the arena,” Frazier said. “I was inspired by the Statue of Liberty’s eternal promise: freedom, hope, and the vision of a brighter future to enlighten the world. I’m interested in creating a bridge between the fans and the team, deepening a sense of compassion and commanding the dignity and respect the team deserves. These portraits are intended to stand as beacons of women’s leadership and the power of sisterhood.”
BSE Global, the parent company of the Liberty, the Brooklyn Nets and Barclays Center, and Liberty Vice Chair and Governor Clara Wu Tsai will keep Frazier’s work on display for the entire 2025 WNBA season.
The project will launch a tradition for BSE Global of showcasing temporary public art on the plaza. A group of esteemed art world leaders nominated artists and selected the next installation for the 2026 season, which will be announced in the fall. Wu Tsai also plans to introduce new artists and their work inside Barclays Center.
“It’s an honor for Barclays Center to be home to LaToya Ruby Frazier’s first public art installation — and for the New York Liberty to be her chosen subject,” Wu Tsai said. “This is the inaugural work of a new art program designed to celebrate artists and the creative spirit of Brooklyn.”
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