Trump’s Scottish Golf resort lost $1.3 million last year, not making a profit for seven years

While President Donald trump is currently embroiled in an impeachment investigation after he asked Ukraine to launch an investigation into hunter Biden, the son of Democratic presidential candidate Joe Biden, there is also bad news for him on the business front, as it has been revealed his Golf resort in Scotland made losses for the seventh consecutive year, according to the latest published accounts.

President trump international Golf Links Firm at Menie Estate in Aberdeenshire made an annual loss of 1.07 million pounds ($ 1.32 million) in 2018, the seventh consecutive year the resort failed to turn a profit, in documents obtained from the UK. companies house government that were first reported by the scotlander.

Sarah Malone, Executive Vice President of Trump International, Scotland, said in a statement: “Today, a majority of councillors supported the bid and recognised the significant economic benefits our property brings to the region, particularly given the challenge facing the North East economy in recent years.”

Local councillor Isobel Davidson told Newsweek at the time she voted for the Trump Estate plans because the development and its potential for tourism was enough to convince her.

Trump first unveiled plans for the $ 1.23 billion trump international Golf Links project back in November 2006, despite an environmental impact report warning that the development posed a potential threat to local wildlife. A year later, local councillors made the surprising decision to abandon the plans, causing the Scottish government to take the unprecedented step of intervening and deciding whether the project would go ahead, according to the BBC.

In November 2008, the controversial plans were officially approved. After four years of construction, members of the public teed off for the first time on July 15, 2012.

Be the first to comment on "Trump’s Scottish Golf resort lost $1.3 million last year, not making a profit for seven years"

Leave a comment

Your email address will not be published.


*