Trump’s Scottish golf resorts report 2015 losses
A pair of luxe Scottish golf resorts operated by Donald Trump suffered millions of dollars in losses during 2015, according to recent filings with a U.K. government agency, adding another complication to Trump's pitch for the White House, in which he has frequently emphasized his business acumen.
Golf Recreation Scotland Limited, which operates the Trump Turnberry luxury resort in Ayrshire, reported a loss of about 8.4 million British pounds (about $12.4 million at the time) in 2015, according to a filing with Companies House, an agency that collects information from companies and makes it available to the public.
The course underwent an expensive renovation that was completed earlier this year. On the filing, Trump's son Eric Trump, who like his father is listed as a director, writes that "the operating loss before depreciation and foreign exchange for the nine months pre closure period" that ended on Sept. 30, 2015, was 254,000 pounds, and the loss for the financial year "before depreciation, amortisation and foreign exchange" was 1.65 million pounds. Eric Trump wrote in the filing that revenue is expected to increase after the renovation.
Trump International Golf Club Scotland Limited, which oversees the Trump International Golf Links near Aberdeen, suffered an operating loss of nearly 1.1 million British pounds (about $1.6 million at the end of 2015), according to its filing.
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https://www.washingtonpost.com/news/post-politics/wp/2016/10/12/trumps-scottish-golf-resorts-report-2015-losses/?wpisrc=nl_politics&wpmm=1
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