So Donald Trump is a good businessman? Well, perhaps his many failed business ventures and multiple bankruptcies may suggest otherwise.
Speaking of which, it came out recently, according to accounts filed with Companies House, that Donald Trump’s pair of Scottish golf courses lost almost £10 million last year. Yikes.
The Trump Turnberry golf resort in Ayshire, which the U.S Presidential candidate bought for an undisclosed fee in 2014, made a loss of almost £8.4 million. In the previous year, the same resort lost £3.6 million.
Menie, Donald’s other Scottish course in Aberdeenshire, also came in at a loss to the tune of £1.1 million.
Trump has certainly made an effort with these resorts; this can at least be said, having invested £17.5 million into renovations of the course and hotel and has said that he would invest £200 million in Turnberry.
Of course, the fortunes of the golf course may get better in the future – with Director Eric Trump, who happens to be Donald’s son, writing in the 2015 accounts that “the directors believe that the resort will return to profitability in the short to medium term.”
Well, there’s still hope for the medium term.
Politics aside, it would be a shame to see these golf courses go up in smoke, given the potential of their locations in Scotland. Nonetheless, it seems as though Donald’s vision for these courses, the opening of which coming after a long and memorable battle against the Scottish people, is hitting a few, shall we say, rough patches at the moment.
Given the financial loss of the courses over the last couple of years, it should come as little surprise to see that the public relations between local residents and the Trump empire also seem to be at a similar low, given the fact that in June some of them raised Mexican flags next to the course ahead of Donald’s visit.
They said they wanted to show “solidarity” with the people of Mexico.
So yeah, good luck with that wall, Donald.