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struggle4progress

(118,285 posts)
Sun Oct 8, 2017, 01:45 PM Oct 2017

Golf clubs in Scotland lost $24 million in 2016

By David A. Fahrenthold
October 8 at 11:19 AM

... Trump's two name-branded golf courses in Scotland lost more than $24 million in 2016 — more than twice what they'd lost the year before — as revenue from golfers and overnight guests dropped, according to documents filed with the British government.

The filings, one of which was first reported by the Associated Press, show that both clubs struggled even as their namesake became one of the most famous men in the world.

At Trump International Golf Links, a course that Trump opened in 2012 near Aberdeen on Scotland's northeast coast, losses increased 28 percent in 2016 to 1.4 million British pounds, or about $1.8 million.

The numbers were much larger at Trump Turnberry, a legendary 111-year-old course that he bought in 2014. There, losses more than doubled in 2016, to 17 million pounds, or $23 million ...

https://www.washingtonpost.com/news/post-politics/wp/2017/10/08/trumps-golf-clubs-in-scotland-lost-about-25-million-in-2016/?utm_term=.a0c7179592fc

5 replies = new reply since forum marked as read
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Golf clubs in Scotland lost $24 million in 2016 (Original Post) struggle4progress Oct 2017 OP
The Scots Will Probably get Stuck With The Tab Me. Oct 2017 #1
They may end up owning them Brother Buzz Oct 2017 #3
Here's Hoping They Bleed Out Me. Oct 2017 #5
Trump's two Golf clubs in Scotland lost $24 million in 2016! riversedge Oct 2017 #2
sweet spanone Oct 2017 #4

Brother Buzz

(36,434 posts)
3. They may end up owning them
Sun Oct 8, 2017, 02:50 PM
Oct 2017

Trump owes back taxes on them, and no bank will loan him money. He's forced to finance the white elephants himself, and there are many indications, The Trump Organization is bleeding money EVERYWHERE.

Me.

(35,454 posts)
5. Here's Hoping They Bleed Out
Sun Oct 8, 2017, 03:55 PM
Oct 2017

The whole thing is a Ponzi scheme if you ask me and doomed to crash in upon itself at some point.

riversedge

(70,227 posts)
2. Trump's two Golf clubs in Scotland lost $24 million in 2016!
Sun Oct 8, 2017, 02:22 PM
Oct 2017

I like the real title with his mane. Just saying.

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