Trump's Scottish golf course is hemorrhaging money as expenses outweigh profit: report
Donald Trump's golf course in Scotland is hemorrhaging money as he continues dumping cash into the foundering resort, according to a report.
Trump International Golf Club Scotland, which owns the resort near Aberdeen, lost more than $938,260 last year after losing a reported $886,134 the year before, according to company filings reported by The Telegraph.
Accounts for the Trump-owned Golf Recreation Scotland, which owns the larger Turnberry golf course in Ayrshire, are overdue from last year, the newspaper reported, but that company posted nearly $18.7 million in losses in 2021.
Revenues for Aberdeen actually jumped by nearly 75 percent to nearly $4.6 million in 2022, with more than $1.27 million in gross profit, but the company was dragged under by more than $1.9 million in administrative expenses.
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Donald Trump Jr. and Eric Trump are listed as sole directors of Trump International Golf Club Scotland, whose ultimate owner is The Donald J. Trump Revocable Trust, but the course owes more than $60 million in interest-free loans to the former president.
Trump promised to invest more than $1.25 billion in the resort and create 800 jobs, but after 10 years of operation only 81 people are employed there.