Trump International Golf Club Puerto Rico Seeks Bankruptcy
Trump International Golf Club Puerto Rico filed for bankruptcy as Donald Trump, the billionaire real estate mogul who licensed his name to the property, makes a bid for the White House.
Donald Trump isn’t involved in the operations of the golf course and a “difficult business climate in Puerto Rico” resulted in the owner’s financial woes, said Eric Trump, the presidential candidate’s son and an executive at the Trump Organization.
“We have zero financial investment in this course,” Trump said in a phone interview. “This has absolutely nothing to do with Trump. This is a separate owner. We purely manage the golf course.”
Since announcing his decision to run for president, Donald Trump has campaigned on his wealth and success in business. Last month, he created controversy by describing immigrants who illegally cross the border from Mexico as mostly criminals.
Read the rest at: http://www.bloomberg.com/politics/articles/2015-07-13/trump-international-golf-club-files-for-bankruptcy-protection
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