At his three golf resorts in Europe, former President Donald Trump has now racked up overall losses of more than $100 million, according to a new report from Forbes. In other words, he doesn’t exactly seem to be doing great, financially! Perhaps these circumstances would add pressure to the Trump social media company to perform well… although that whole operation has still barely gotten off the ground, no matter the fanfare. As for the golf resorts, Forbes notes: “In 2020, Trump lost $13 million at his three sites overseas, bringing his total losses there to more than $100 million, according to an analysis of British and Irish financial filings.”
Yes, Biden blamed Trump personally for Jan 6 but he also spoke to a broader issue in the country today which is no shared reality or facts. He said we have to be “clear about what is true and what is a lie.” That challenge extends beyond the 2020 election and Jan 6.
— Jim Sciutto (@jimsciutto) January 6, 2022
Trump’s golf properties in question include two spots in Scotland and one in Ireland, with Forbes identifying the Turnberry location (in Scotland) as the most well-known one. Trump spent $65 million to buy the Turnberry resort in 2014 and subsequently doled out about $80 million in investments into the property, but the property has seen losses of some $68 million since 2014 — more than the initial amount that Trump paid for the place. The Doonbeg, Ireland-area golf resort in the Trump name was also purchased the same year, and it’s also seen millions of dollars in losses. Trump initially spent about $20 million on it, and he’s invested an additional sum of at least $13 million into the property. And yet, the location has clocked $18 million in losses since Trump acquired it.
Biden: Trump "and his supporters have never been able to explain how they accept as accurate the other election results that took place on November 3rd … Elections in which they closed the gap in the House. They challenged none of that … Somehow, those results are accurate."
— Kyle Griffin (@kylegriffin1) January 6, 2022
Trump’s third European golf resort is at Aberdeenshire in Scotland, and although Forbes identifies it as generally smaller than the others, the property still recorded a whopping $17 million in losses from 2012 to 2020. Trump’s supposedly oh-so-great business acumen must not be all that great after all. Notably, a recent filing associated with the Turnberry property blamed Brexit — the withdrawal of the United Kingdom from the European Union — for business struggles. That filing says that the move “impacted our business as supply chains have been impacted by availability of drivers and staff, reducing deliveries and availability of certain product lines.” Brexit changed the procedures for crossing the border on the part of both people and goods, and prices at Turnberry have risen due to “additional freight and import duty charges,” that filing adds. Trump, notably, backed Brexit.
“He’s a DEFEATED former president.” —Biden, w/o ever mentioning his name, forcefully calls out Trump as the one thing he fears the most: A loser.
— Ashley Parker (@AshleyRParker) January 6, 2022
