Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

catbyte

(34,174 posts)
Mon Nov 18, 2019, 02:30 PM Nov 2019

Wow. That thing's golf course in Ireland lost $1.7M last year. Total so far: $45M & never profitable



NEW: @realdonaldtrump's Irish golf course lost $1.7M last year, which was better than '17. But Trump still needed to pump in $900K of his own $.
He's now put $45M into this 1 course, all in cash, and never made a profit. https://www.washingtonpost.com/politics/trumps-ireland-golf-course-reports-smaller-loss-in-2018/2019/11/18/d9baa748-0a1c-11ea-bd9d-c628fd48b3a0_story.html

-------------------------------------------------------
What a cracker jack businessman!
11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Wow. That thing's golf course in Ireland lost $1.7M last year. Total so far: $45M & never profitable (Original Post) catbyte Nov 2019 OP
But,he just keep inflating his sorry ass Ego. Wellstone ruled Nov 2019 #1
He's not worried... Raster Nov 2019 #2
I wonder if the Russian laundry business has gone away from Trump Hermit-The-Prog Nov 2019 #6
I would think so, considering he and his businesses are now under a more watchful eye... Raster Nov 2019 #8
I love golf PJMcK Nov 2019 #3
"What about Doonbeg?" struggle4progress Nov 2019 #4
I wish I was young enough to be alive in about 40 years Submariner Nov 2019 #5
I'm sure he set it up as a corporation so that they will have the losses, cbdo2007 Nov 2019 #7
It's not a legit business. drray23 Nov 2019 #9
How does he get away with this? smirkymonkey Nov 2019 #10
Paid too much. safeinOhio Nov 2019 #11
 

Wellstone ruled

(34,661 posts)
1. But,he just keep inflating his sorry ass Ego.
Mon Nov 18, 2019, 02:35 PM
Nov 2019

900k needed to keep this sucker afloat says,no one wants to play your stinking Course Boobbie. We feel bad when we have to chip in a Grand a month from our HOA Dues. And we are one of the few that will Cash Flow.

Raster

(20,996 posts)
2. He's not worried...
Mon Nov 18, 2019, 02:35 PM
Nov 2019

...He can always go visit the Vlad-TM and get yet another Russian* cash infusion.

Raster

(20,996 posts)
8. I would think so, considering he and his businesses are now under a more watchful eye...
Mon Nov 18, 2019, 02:45 PM
Nov 2019

... however, tRump* is an idiot, so all bets are off.

PJMcK

(21,921 posts)
3. I love golf
Mon Nov 18, 2019, 02:37 PM
Nov 2019

It's the most amazing sport I've ever played and that includes baseball, football, soccer, wrestling (a close third), sailing (a very close second), tennis, skiing and a few more. It's incredibly difficult and beautiful at the same time.

However, I will NEVER play at or spend my money at a Trump facility. Period.

Hey, Trump! Fuck you.

Submariner

(12,485 posts)
5. I wish I was young enough to be alive in about 40 years
Mon Nov 18, 2019, 02:40 PM
Nov 2019

DU'ers in 2050-2060 will be posting in GD the current stories of Donnie Jr, Eric, and Ivanka having gone totally bankrupt, being spotted going from car to car along South Beach with paper cups bumming loose change for their next meal.


cbdo2007

(9,213 posts)
7. I'm sure he set it up as a corporation so that they will have the losses,
Mon Nov 18, 2019, 02:43 PM
Nov 2019

and then he'll offer to buy it for 20 cents on the dollar from a different corporation and then resell it to investors, etc.

Point is...don't buy any of this. Somehow his losses are set up to make him more money than if he would just run it legally.

drray23

(7,587 posts)
9. It's not a legit business.
Mon Nov 18, 2019, 02:51 PM
Nov 2019

It's likely a laundromat for dirty russian money.
When he bought it all cash nobody could figure out where than money came from. Most banks had stopped lending to him and somehow he went in a shopping spree all cash during that period.

 

smirkymonkey

(63,221 posts)
10. How does he get away with this?
Mon Nov 18, 2019, 03:01 PM
Nov 2019

He is clearly laundering money. Nobody can believe that he came up with $45M in cash legitimately and even he isn't stupid enough to sink that kind of money into a golf course, which tend to be notoriously unprofitable. I mean, this is the guy who was such a terrible businessman he bankrupted casinos, and he thinks he's going to turn a profit on a golf course? No way.

Latest Discussions»General Discussion»Wow. That thing's golf co...