Trump's Flagship Golf Course in Scotland Closing, Lost Money Every Year for 10 years
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Another Trump Business Fails
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Date: February 03, 2023 11:10AM
The former president’s U.K.-based golfing havens have lost more than $5 million in the last financial year.
Trump’s Turnberry resort in Ayrshire Scotland recorded £3.7 million ($4.5 million) in pre-tax losses for 2021, while Trump International Golf Club Limited, parent of another course in Aberdeenshire, Scotland, reported another £697,000 ($853,000) in pre-tax losses.
The figures were revealed Thursday in delayed filings, and according to SLC Turnberry, whose directors are listed as Eric Trump and Donald Trump Jr., the U.K.’s departure from the European Union is to blame.
Trump initially lauded Brexit as a probable boon for his business in 2016, having said that "when the pound goes down, more people are coming to Turnberry, frankly".
But Brexit has impacted the resort’s pool of staff, the new filing states, "with lack of access to European staff for businesses in general resulting in greater demand for the individuals previously available to the resort."
Supply chains were also affected by Brexit and fewer drivers were available, the document states, "reducing deliveries and the availability of certain product lines. Prices have increased from additional freight and import duty charges.”