Trump during a round at Turnberry. The course registered pre-tax losses of some US$4.5mil in 2021. — Reuters
TROUBLED former US President Donald Trump was handed another piece of bad news this week when it was revealed that his two Scottish golf courses lost US$5.4mil (RM23mil) in 2021.
According to accounts released on Thursday, this was a continuing run of red ink at the clubs under Trump’s ownership, Reuters reported.
SLC Turnberry Ltd, which manages the famed Turnberry Golf Resort, said closure for part of the year due to the Covid-19 pandemic contributed to pre-tax losses of US$4.5mil (RM19.2mil).
Trump International Golf Club Scotland Ltd, which operates a club Trump built north of Aberdeen, reported a pre-tax loss of US$845,320 (RM3.6mil).
The results were helped by the companies receiving over US$1.2mil (RM5.1mil) in Covid wages support from the UK government, the report said.
Trump’s clubs said that they saw underlying improvements in their businesses.
However, the results add to a picture of financial challenges at many Trump companies that was revealed in December, when the then Democratic-led House of Representatives Ways and Means Committee released the former President’s tax returns.
The records cut against the Republican ex-president’s long-cultivated image as a successful businessman as he mounts another bid for the US presidency.
