Latest Trump Bankruptcy Not Exactly Assuring The Scots

If they only knew how many times The Donald has been through this, they'd understand it's all part of doing business the Apprentice way.

He said the company "represents substantially less than 1% of my net worth, and has for some time".

"If I can't manage something, it's not for me," said Trump who holds 28% of the company's stock, according to a recent filing. "Now I will study and watch as the horrible and outrageous fees being paid to lawyers and consultants will suck the blood from the company."

Last night, Aberdeenshire councillor Paul Johnston, an opponent of the Menie golf development in its present form, said he believed events in America did have a bearing on the Menie development.

"He is a property developer at the riskiest time ever for property development and the questions is, will it ever get finished if he starts it? People are worried it will never happen and Mr Trump, by his resignation, is breeding uncertainty. I am not in high finance but this doesn't look good.

"Clearly he always has the option of making life easier for himself by scaling back the development here and still build the world's greatest golf course but without destroying the sand dunes. This whole development may be built on sand."