Trump Golf's UK Courses Suffer Losses In 2016
/I'd caution against judging the losses at Turnberry as anything beyond the cost of renovation. And as detailed in Severinn Carrell's Guardian story, these 2016 numbers are pre-election, pre-madness.
However, the losses for Trump International Links in Aberdeen appear to be caused by a combination of factors and do not speak to a strong future for the Martin Hawtree-designed course, which appears to have been ruled out as a Scottish Open venue this summer by the tournament sponsor.
The latest accounts for his network of Scottish companies show he had to plough another £1.3m into his debt-ridden resort in Aberdeenshire to keep it afloat after the North Sea crisis saw its popularity slump among local golfers.
Trump International Golf Links Scotland lost nearly £1.2m in 2016, forcing Trump to increase his interest-free loans to the resort to nearly £41m ($54m) while he was campaigning for the presidency last year.
In their annual report, the Trump organization cited various factors.
The “crash in oil price and economic downturn” which had hit the north-east of Scotland had seen its income fall by 12.4%, he said, while winter storms had badly damaged part of its 18-hole championship course.