President Trump's two golf courses in Scotland posted a combined loss of $6.07 million in 2017, new filings in the United Kingdom show.
The Trump Organization has poured more than $196 million into the golf courses but has not yet made a profit, the Los Angeles Times reports. Trump purchased the 800-acre Turnberry property in 2014, and lost $4.42 million last year, while Trump's resort near Aberdeen, which opened in 2012, lost $1.65 million. To cut costs there, the Trump Organization has reduced its staff.
Last year, Eric Trump said running a golf course in Scotland is "competitive and challenging, factors that can be heightened by adverse weather conditions." His father is not popular in Scotland, and during his last visit he was greeted by protesters. Before he became president, he also clashed with Aberdeen locals over their concerns that his golf course would harm the environment. If plans to expand the resort are approved, the Trump Organization said it will spend $196.3 million to build 500 homes, 50 vacation cottages, equestrian facilities, shops, and sports facilities, using its own financing.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How clean-air efforts may have exacerbated global warmingUnder the Radar Air pollution artificially cooled the Earth, ‘masking’ extent of temperature increase
-
September 14 editorial cartoonsCartoons Sunday’s political cartoons include RFK Jr on the hook, the destruction of discourse, and more
-
Air strikes in the Caribbean: Trump’s murky narco-warTalking Point Drug cartels ‘don’t follow Marquess of Queensberry Rules’, but US military air strikes on speedboats rely on strained interpretation of ‘invasion’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
