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Michael Bloomberg is preparing for the democratic presidential field of 2020

BREAKING NEWS: Michael Bloomberg is getting ready to put his name on the Democratic vote in 2020 in Alabama – paving the way for billionaire to gain dramatic access to the presidential race

  • Michael Bloomberg is preparing for the democratic presidential field of 2020
  • His staff will be paperwork for the primary in Alabama, acting as a Friday deadline
  • Bloomberg's entry into the race would overthrow the Democratic presidential field
  • He has not yet taken a final decision to make an offer
  • In March he said he would not stand for the Democratic nomination
  • But party elders would worry about the Democratic field and hope someone like Bloomberg would race to beat Donald Trump
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Michael Bloomberg is preparing to enter the 2020 Democratic presidential field and will submit paperwork in one of the states with an early deadline, it was reported Thursday.

Bloomberg had played with running for the party's nomination, but announced in March that he would not follow that path.

The former mayor of New York City has not yet made a final decision to flee, an adviser said The New York Times.

But he lets staff submit his name for the presidential primary vote in Alabama, which has a deadline for Friday, in case he jumps in the field.

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Michael Bloomberg is preparing for the democratic presidential field of 2020

Michael Bloomberg is preparing for the democratic presidential field of 2020

Bloomberg's entry into the race would overthrow the Democratic presidential field

Bloomberg's entry into the race would overthrow the Democratic presidential field

Bloomberg's entry into the race would overthrow the Democratic presidential field

Such a movement would overthrow the Democratic race.

While Bloomberg would lag behind fundraising, the billionaire has the means to personally finance a campaign.

The candidate most likely to be hit is Joe Biden. Bloomberg has the same moderate profession of elder statesman along with strong ties with party elders.

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The former vice-president has in the meantime made efforts to collect the funds needed to set up a presidential campaign and has seen his top position in the polls.

If Bloomberg participates in the race, one of the first questions would be whether he meets the qualifications for the democratic debates.

He would not have time to qualify for the next debate, which will be in Atlanta, Georgia on Wednesday, November 20.

To make the December debate in Los Angeles, he would have to get 4 percent in four predetermined polls or 6 percent in two polls in the early electoral states; plus donations from at least 200.00 unique donors with at least 800 unique donors per state in at least 20 states.

Earlier this month, the New York Times reported that major democratic fundraisers and party strategists were so concerned about the shape of the current field that they hoped that a controversial candidate would enter the race to save the day.

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Bloomberg's name was one of those on the wish list.

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