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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWow. That thing's golf course in Ireland lost $1.7M last year. Total so far: $45M & never profitable
Link to tweet
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
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What a cracker jack businessman!
Wellstone ruled
(34,661 posts)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)...He can always go visit the Vlad-TM and get yet another Russian* cash infusion.
Hermit-The-Prog
(33,041 posts)Raster
(20,996 posts)... however, tRump* is an idiot, so all bets are off.
PJMcK
(21,921 posts)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.
struggle4progress
(118,041 posts)"We'll always have Air Force stop-overs!"
Submariner
(12,485 posts)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)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)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)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.
safeinOhio
(32,531 posts)Should have used Golf Course Guru.