Trump Turnberry, Aberdeen Report Another Year Of Losses
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The Scotsman’s Martyn McLaughlin reports that 2019 was another year of reported losses for Trump Golf’s two Scottish golf properties, with increased revenues at Turnberry but £4.86m in depreciation and amortization write offs, marking the sixth year in a row in the red.
The new filings, posted at Companies House, cover the 12 months to 31 December 2019, and do not reflect the widespread disruption to Turnberry’s business brought about by the coronavirus pandemic.
But they show that since the outgoing US president took over the historic property in 2014, its losses now total nearly £45m.
It comes just days after accounts for Mr Trump’s inaugural Scottish resort in Aberdeenshire posted losses of £1.1m, the eighth consecutive year it has been in the red.
