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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump golf club in Puerto Rico filed for bankruptcy..
What a vindictive petty SOB
https://www.cnbc.com/amp/2015/07/13/trump-golf-club-in-puerto-rico-files-for-bankruptcy.html
The club has been in default on its obligations to Trump for months due to the company's financial constraints and a difficult business climate in Puerto Rico, Eric Trump said.
The golf resort, which has hosted the Puerto Rico Open tournament, filed for bankruptcy protection as Coco Beach Golf & Country Club. It also filed a motion to sell its assets, according to the property's attorney Charles Cuprill. He said the company has at least one interested buyer.
In a phone interview Monday, Cuprill said Coco Beach has experienced operational losses for the past two years.
"The critical economic crisis in which Puerto Rico is going through has affected all sectors of the economy," including the entertainment industry, Cuprill said.
Coco Beach listed assets of $9.23 million and liabilities of $78.07 million according to the filing with the Puerto Rico bankruptcy court.
In 2014, Trump Entertainment Resorts, a Trump-branded casino in Atlantic City, filed for bankruptcy protection due to declining revenue and increased competition.
Orsino
(37,428 posts)As with most things he appears to be in charge of, he's not. He's just a brand.
malaise
(269,054 posts)his son in law have more debt than Puerto Rico?
Fuck the scumbags! No LOCK THEM UP!
Abu Pepe
(637 posts)Weekend Warrior
(1,301 posts)"Coco Beach listed assets of $9.23 million and liabilities of $78.07 million according to the filing with the Puerto Rico bankruptcy court."
I don't think Trump is simply broke, I think he is in debt to the point of no recovery. He is one of the least wealthy Americans in history, in my opinion. I think this is why he will not release his taxes.
HipChick
(25,485 posts)Vogon_Glory
(9,118 posts)A brand name like Trump was already teetering towards poison even before Inauguration Day 2017.
Hey, right-wing lurkers! What's this bull s### about Donnie being a successful businessman?
I forget.