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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAs Trump Visits His Scottish Golf Course, a Mystery Remains
It's interesting. Curiously, the "king of debt", made several cash purchases in Scotland...
During his trip to the United Kingdom this week, President Donald Trump is expected to squeeze in a golf outing at one of his two Scottish courses, the Trump Turnberry in Ayrshire and Trump International Golf Links in Aberdeenshire. With this side trip, Trump will be promoting his picturesque, seaside properties, which he touted during the 2016 campaign as evidence of his success as an international businessman. And though Trumps history in Scotland does reveal much about the real estate developer turned commander-in-chief, the story is not a flattering one.
This is a tale marked by acrimonious feuds with locals and repeated run-ins with regulators. Trump even ran afoul of the court that oversees matters related to Scottish heraldry, when he began promoting one of the golf courses using an unregistered Trump family coat of arms. Moreover, his money-losing Scottish ventures have raised questions about his investment acumen and the murkiness of the Trump Organizations finances.
Trumps business dealings in Scotland began in 2006, when he paid $16.6 million for a 1,400 acre parcel of land north of Aberdeen, where he completed the first of two proposed golf courses in 2012. In 2014, he bought Turnberry, an existing course located in southwestern Scotland, for $59 million. Trump sank millions more into developing both properties, but according to UK business records, he has consistently lost money on them. As Bloomberg reported, he has poured $200 million into the ventures and has yet to see a dime of profit.
This is a tale marked by acrimonious feuds with locals and repeated run-ins with regulators. Trump even ran afoul of the court that oversees matters related to Scottish heraldry, when he began promoting one of the golf courses using an unregistered Trump family coat of arms. Moreover, his money-losing Scottish ventures have raised questions about his investment acumen and the murkiness of the Trump Organizations finances.
Trumps business dealings in Scotland began in 2006, when he paid $16.6 million for a 1,400 acre parcel of land north of Aberdeen, where he completed the first of two proposed golf courses in 2012. In 2014, he bought Turnberry, an existing course located in southwestern Scotland, for $59 million. Trump sank millions more into developing both properties, but according to UK business records, he has consistently lost money on them. As Bloomberg reported, he has poured $200 million into the ventures and has yet to see a dime of profit.
https://www.motherjones.com/politics/2018/07/as-trump-visits-his-scottish-golf-course-a-mystery-remains/
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As Trump Visits His Scottish Golf Course, a Mystery Remains (Original Post)
syringis
Jul 2018
OP
Easy to do, just alert the IRS equivalent in Scotland of these so called discrepancies...
SWBTATTReg
Jul 2018
#4
Achilleaze
(15,543 posts)1. This is a frikken republican sales trip
and us poor hard-working taxpayers are footing the bill for his* sales job.
* Dirty Donny, republican Draft-Dodger-in-Chief
dalton99a
(81,636 posts)2. Yep, follow the money
gordianot
(15,247 posts)3. Another typical Trump business which always begs the question.
Who and for what purpose would anyone loan him the cash to a total failure?
SWBTATTReg
(22,176 posts)4. Easy to do, just alert the IRS equivalent in Scotland of these so called discrepancies...
and speaking of the IRS, why haven't they come out w/ anything on rump's audits and so forth?
louis-t
(23,309 posts)5. He generally overpays for property, then
stiffs the contractors to try and stuff money in his pocket. He has it down to a science. The Scottish course is losing a million dollars a year. Successful businessman, my ass.
Midnight Writer
(21,819 posts)6. Ask Justice Kennedy's son.
Mc Mike
(9,115 posts)7. Not one dime of profit.
Par for the course for the genius repug businessman.