Things are not looking good for Trump’s golf course in Scotland: the resort has been making losses for eight years. Trump’s son is still hopeful.
One of Donald Trump’s golf resorts in Scotland has lost more than £ 1 million for the eighth year in a row. That reports “The Sun”. Documents would show that The Trump International Golf Links in Aberdeenshire made a total loss of 1,103,248 pounds in 2019 (equivalent to about 1.2 million euros).
The elected US president opened the resort in 2012 after an argument with environmental activists. His son Eric had recently said: “The severity of the impact (of the coronavirus) on the golf, leisure and hospitality industries is unprecedented and was unforeseeable at the start of the pandemic.” Still, the resort’s directors believe the resort will be profitable, said Trump’s son.
Trump International Scotland’s net debt has risen to £ 12 million as the Trump Organization continues to pour money into the losing golf course. The £ 44.4 million debt exceeds the assets by around £ 32 million.