Linda McMahon, who ran an expensive but unsuccessful Senate campaign against Richard Blumenthal LAW ’73 in 2010, will try her luck a second time in 2012.

According to the New York Times, the Republican former CEO of World Wrestling Entertainment told two sources that she plans to run for the Senate seat currently held by Joseph Lieberman ’64 LAW ’67, who is not seeking reelection.

Given her deep pockets, McMahon’s entrance into the race is likely to send political shock waves across the state. During her 2010 run, she spent $50 million, much of it her own money, though in 2012 she plans to raise more funds from private donors, the Times reported.

The race for the Democratic nomination to succeed Lieberman is well underway, with former Secretary of the State Susan Biesywicz ’83 locked in a tight battle with three-term U.S. Rep. Chris Murphy.

McMahon will announce her candidacy in the coming week, the Times reported.