Trump's failing Scottish golf resort lost $43 million in last four years
By Dan Desai Martin - October 5, 2018
Without daddy to bail him out, Trump's business failures pile up for all to see.
Trump’s abject failure as a businessman — from casinos to real estate — is widely known. His anti-Midas touch extends beyond the United States to Turnberry, Trump’s flagship Scottish golf resort, which is reporting losses of nearly $43 million (£33 million) for the four years Trump has owned it.
According to the Scotsman, a Scottish newspaper, the resort lost $4.4 million (£3.38 million) last year alone.
“The latest annual loss is notable,” writes the Scotsman, “given it covers the first full year of operations since the reopening of the resort after an extensive redevelopment of both its hotel and Ailsa golf course.”
The resort has never turned a profit under Trump’s ownership, even as Trump siphoned U.S. tax dollars to help prop up the failing property: In July 2018, Trump visited Turnberry as part of his disastrous trip to the United Kingdom. (This is the trip where Londoners flew the famous “baby Trump” balloon.) On that visit, the State Department shelled out more than $65,000 (£50,000) for accommodations, according to the Scotsman.
https://shareblue.com/turnberry-trump-failing-scottish-resort-lost-43-million/
= new reply since forum marked as read