Michael Bloomberg is probably running for president. That’s bad news.

According to the New York Times, the former New York City mayor is making preparations to file for the Alabama Democratic primary. Alabama isn’t an early voting state, but it has an early registration deadline. Key Bloomberg advisers told the Times that this doesn’t mean he’ll surely enter the race, but that he will if he thinks it’s necessary: “We now need to finish the job and ensure that Trump is defeated — but Mike is increasingly concerned that the current field of candidates is not well positioned to do that.”