Donald Trump's Scotland Golf Resorts Lost More Than $8 Million in 2020

[TexasTowelie]

Donald Trump's golf resorts in Scotland lost more than $8 million (£6.6 million) in 2020, records show.

Both of the former president's resorts in the country—Trump Turnberry in Ayrshire and Trump International Golf Links in Aberdeenshire—suffered substantial losses last year despite receiving millions in government grants, according to financial reports their operating companies filed with the U.K. government this week.

Trump Turnberry saw turnover plummet from $26.37 million (£19.7million) in 2019 to $8.97 million (£6.7 million) in 2020, according to the report filed by Golf Recreation Scotland Ltd, which owns the resort. The company saw an operating loss of $7.1 million (£5.3. million) in 2020, the records show. It lost $2.72 million (£2.3 million) in 2019.

Trump International Golf Club Scotland Limited, which owns Trump's resort in Aberdeenshire, saw turnover drop from $4.38 million (£3.3 million) in 2019 to $1.47 million (£1.1 million) in 2020, according to its report.

Read more: https://www.newsweek.com/donald-trump-scotland-golf-resorts-lost-8-million-2020-1663185

[ProfessorGAC]

1. Toxic Brand, Immense Debt Service

No surprise.

[TexasTowelie]

2. That loss amount is after receiving government assistance of more than $1 million. nt

[ProfessorGAC]

10. Good Add!

Debt service is huge because the TO isn't getting any 2.2% RLOC terms.
They're likely paying 1.5-2% above industry standard. 4.5-5% interest on $8 billion in debt is a load of money, and it excludes any repayment of principal.
That they lose money is completely unsurprising.

[Takket]

3. the Scottish government was all over his finaces on those courses. whatever happened to that?

[tenderfoot]

4. 😂😂😂😂😂 despite receiving millions in government grants 😂😂😂😂😂

But student loan forgiveness!!!

[old as dirt]

5. Playing a Sad Tune on World's Smallest Violin

[doc03]

6. The only successful business he ever ran is

fleecing his voters.

[sarcasmo]

7. Nothing the orange demon owns makes money. Art of the grift.

[NCjack]

8. The rich can afford to golf if only the public subsidizes the golf courses for the rich.

[ProfessorGAC]

12. Super Expensive Courses...

...are mostly more hype than anything else.
95% of regular golfers don't experience the game any better at $400 a round than they would at $30.
The course where I play is $1,200 per year, including the cart!
Even rich golfers don't need $400 a round golf courses. Even though they've got the money, they're still just wasting it.

[NCjack]

13. The rich are protected from golfing with Mr. & Mrs. Riff Faff

[ProfessorGAC]

14. Except...

...too many working folks have those courses on their bucket lists.
Since there's way more of them than the very rich, the rich have to play with them anyway.
The hustlers always find their way on to those courses. And, 99.9% of those hustlers aren't rich. They do ok though, because of rich suckers.

[NCjack]

15. I had no idea. Warms my heart. Thanks

[bahboo]

9. it's a start....

[keithbvadu2]

11. The resorts may have 'lost' money but how much did Donald personally make by grifting off them?

The resorts may have 'lost' money but how much did Donald personally make by grifting off them?

[iemanja]

16. What hasn't Trump bankrupted?