10/5/2018

GOLF/SCOTLAND/TRUMP BUSINESS: “The Turnberry golf resort owned by US president Donald Trump has racked up millions of pounds of losses for the fourth year in a row. According to Companies House filings, SLC Turnberry’s parent company Golf Recreation Scotland was in the red by almost £3.4m in 2017. In the previous year, it posted losses of £17.6m after the resort was closed for six months for redevelopment. Since Mr Trump took over Turnberry in 2014, its losses have totalled £33m. Mr Trump stepped down as a director in January last year after becoming US president, handing control of his business empire to his sons. In the latest set of accounts, his son Eric – who remains as a director – said: ‘Having seen a decline in turnover of 22% in 2016 due to the resort only being open for six months, 2017 saw an increase in revenue year over year of 70%.'”

BBC Staff, “Trump Turnberry posts losses for fourth year in a row,” BBC.com, October 5, 2018