Trump’s Scottish golf courses recorded more losses in 2021
LONDON (Reuters) – Former U.S. President Donald Trump’s two Scottish golf courses lost 4.4 million pounds ($5.44 million) in 2021, accounts showed on Thursday, continuing a steady streak of losses. red ink in the clubs under his ownership.
SLC Turnberry Ltd., which runs the famous Turnberry golf resort, said the closure for part of the year due to the COVID-19 pandemic contributed to pre-tax losses of £3.7 million .
Trump International Golf Club Scotland Ltd, which operates a Trump-built club north of Aberdeen, reported a pre-tax loss of £697,000.
The results were helped by businesses receiving just over £1million in COVID payroll support from the UK government.
Clubs reported seeing underlying improvements in their business.
However, the findings add to a picture of financial challenges at many Trump companies that was exposed in December, when the then-Democratic-led House Ways and Means Committee released Trump’s tax returns. former president.
Records have smashed the former Republican president’s long-cultivated image as a successful businessman as he mounts another bid for the White House.
($1 = 0.8081 pounds)
(Reporting by Tom Bergin; Editing by Kenneth Maxwell)