Trump International Golf Club Scotland lost almost one million dollars in the financial year 2022, according to recently released filings.
Hefty losses
In 2021, Trump’s Scotland golf club lost more than $880,000. In just two years, the club lost more than $1.8 million.
Hole in the bucket
The $1.27 million in gross profit reported for 2022 was wiped out by almost $2 million in administrative expenses.
Pending payments
A December 2023 statement shows that the accounts for Trump’s course are overdue. A new statement, expected in February, will indicate whether the accounts remain overdue.
Not the only losses
All of Trump’s golf clubs based in Scotland lost more than $8 million in 2020 and $5.3 million in 2021, according to documents reviewed by Newsweek. The losses came despite the clubs receiving significant government subsidies and were partly driven by pandemic closures.
Money questions
Trump has poured hundreds of millions of dollars into his golf courses in Scotland. In 2020, the New York Times reported that Trump’s courses worldwide collectively lost a similar amount over two decades, but Trump’s own disclosures claim that he earned more than $500 million from them in just 18 months.
Controversial past
Trump’s courses in Scotland, in particular, have been controversial, with locals reacting furiously to proposed expansions. Alicia Bruce, a photographer, told Huck Magazine about how locals in Aberdeenshire were “vilified” for opposing the construction of a Trump-owned course in the area in 2006.
Continued anger
In 2020, when Trump announced he would build a second course in Aberdeenshire, local opposition was again overridden. Bob Ward of the Grantham Research Institute on Climate Change and the Environment predicted the construction would “further vandalize and destroy Scotland’s natural heritage.”
Unfulfilled promises
According to the Guardian, Trump initially gained approval for the golfing complex by promising to create thousands of jobs. In 2020, however, only 63 employees worked at the resort.
False accounting
In September 2023, the New York Supreme Court ruled that Trump provided false valuations of the Aberdeenshire course. According to court documents, Trump valued the property based on the false claim that over 2,000 private homes could be built there. In reality, the council had only permitted 500.
Legal battles
The ruling is part of Trump’s ongoing legal battles in four cases. He faces a total of 91 charges across the cases.
Golf lover
While in the White House, Trump played more golf than any other president. He visited his 15 clubs 280 times while in office.
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