The losses climb to Trump Scottish golf club

PA

Losses of Donald Trump’s Scottish golf courses have doubled to € 19 million for 2016.

In annual accounts filed at Companies House, in the Menie Estate development in Aberdeenshire lost £1.4 m, while Turnberry in Ayrshire lost £17.6 m.

The US President, Trump handed control of the courses for his sons Donald Junior and Eric just before he took office, but he retains a financial interest.

The company said that the losses to Turnberry, in part because of six months of closure for renovation.

In addition to Turnberry’s arrest, the company also noted in its report, which has a £8m losses due to fluctuations in the value of sterling last year.
Expressing confidence

The company said that the earnings for the two courses fell 21% to 9 million pounds in 2016, from £ 11.4 m the previous year.

Amanda Miller, a spokeswoman for the Trump Organization, declined to comment on the findings, which have shown a doubling of the losses of the previous year.

Of the budget, the Eric Trump included a letter expressing the confidence that the location would attract a lot of players of golf.

He said Turnberry had received “excellent” by our guests, and that the re-opening of the resort was entering an “exciting new era” for the company.

However, Trump developments have had to face setbacks since the company has ventured in Scotland 12 years ago.

Some residents who live near the planned second resort on the North Sea, said to have been the victim of “bullying tactics” to make more development.A scottish mother

The company has also lost a court battle to stop an offshore wind farm near the resort.

They also drew objections from environmental regulators on the construction plans and address concerns on a bid to host the Scottish Open.

However, other locals have praised the course to bring tourists and boost the local economy.

Donald Trump, who was inaugurated as the 45th President of the United States of America in the month of January, has a strong bond with Scotland.

His mother, Mary MacLeod, was born on the Isle of Lewis, in 1912, to Malcolm MacLeod, a fisherman and his wife, also called Mary.