Donald Trump's Scottish golf resort loses over £1million for eighth year running
Monday, January 4, 2021
Donald Trump's UK golf resort has lost money for an eighth year in a row because of Brexit and Covid.
The departing American president's International Golf Club, in Aberdeenshire, announced a loss of £1.1million for 2019 despite profits increasing by 18 per cent on its latest annual accounts.
Trump's second son, Eric, who is director of Trump International Golf Club Scotland, issued a statement saying the resort was forced to shut for 16 weeks between March and July because of coronavirus scarcity.
Trump International Golf Club Scotland, which has not made a profit since opening in 2012, said that "significant progress" had been made on a plan to develop a residential village with 550 apartments adjacent to the resort.
Trump's other major Scottish golf resort, Turnberry in Ayrshire, made, in 2018, a annual loss of £10.7m.
Accountant Johnston Carmichael LLP stated in its report that the resort relies 'is dependent on continuing finance being made available to enable it to continue operating and to meet its liabilities as they fall due'.