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Thu Dec 31, 2020, 03:58 PM

Trump's Scottish golf course posts million dollar loss as it relies on interest-free loans to...


Trump's Scottish golf course posts million dollar loss as it relies on interest-free loans to stay afloat: report

December 31, 2020
Tom Boggioni

For the eighth year in a row, one of Donald Trump's golf courses in Scotland posted a loss and is continuing to struggle after being hit with the double-whammy of COVID-19 and Brexit.

According to both the Independent and Bloomberg, the International Golf Club showed a $1.5 million (1.1million) loss one year after losing an almost identical amount the previous year. The report goes on to note that the loss came despite revenues increasing "18% to 3.28 million pounds from 2.77 million pounds in 2018."

The Independent reports that the golf course, which has struggled since Trump purchased it in 2012, is currently surviving on two interest-free loans: one for "40m from Mr Trump and 3.4 from Mr Trump's company, DJT Holdings LLC."

Despite the struggles and the fact that the president is facing extensive loan liabilities of over $421 million after he leaves office, the report states that the course "is progressing with a new development after getting approval in September 2019 for a 550-unit residential complex with vacation cottages and leisure facilities."

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https://www.rawstory.com/trump-golf-2649708503/

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Reply Trump's Scottish golf course posts million dollar loss as it relies on interest-free loans to... (Original post)
DonViejo Dec 2020 OP
Bleacher Creature Dec 2020 #1
Me. Dec 2020 #2

Response to DonViejo (Original post)

Thu Dec 31, 2020, 04:00 PM

1. I'll take "money laundering" for $1,000, Alex.

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Response to DonViejo (Original post)

Thu Dec 31, 2020, 04:31 PM

2. An Interest Free Loan To The Menace

is the same as handing him a paper bag full of money

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