Losses at President Donald Trump's golf course in Aberdeenshire, Scotland continue to pile up and a mandatory statement from the company overseeing the course says the outlook is grim heading into 2021 due to restrictions imposed by Brexit and the COVID pandemic.

Donald Trump's Scottish journey continues to lose money

Donald Trump - © Johanne Bouaknin via Pinterest

Trump International Golf Club Scotland Ltd, which operates the course, filed its annual report in late December and reported a loss of $ 1,5 million in 2019, despite an increase in revenue.

The outlook for 2021 does not look brighter, according to a memo added on behalf of the directors and signed by Trump's son Eric.

“The severity of the impact on the golf, entertainment and hospitality industry is unprecedented and was not anticipated at the start of the pandemic. The magnitude of the impact of COVID-19 on the company's business and financial results will depend on the duration and spread of the outbreak as well as the related impact on consumer confidence and spending, which are all very uncertain in the current context ”, indicates the note. “In addition to the uncertainty of Brexit expected in 2021, the hotel and restaurant industry faces unprecedented challenges. "

“The directors believe that the profitability of the resort will be positively influenced in the long term by the operational adjustments adopted to deal with these risks. "

The course, which Trump built on 1 acres in 800, has proven to be a divisive force within the local community. Legal challenges sought to block the development of a second course as well as a large housing complex nearby that was to include luxury homes and resort lodges.

Plans for the 18-hole MacLeod Course, named after Trump's Scottish mother, Mary, were unveiled in 2013, but the course was never cleared. Aberdeenshire city councilors approved plans for the second route in 2019, and the next level of governance, the regional council, approved the project in October 2020.

The Trump organization has also submitted plans for more than 500 luxury homes to be built on the site.

"The council sided with Trump International"Bob Ward, of the Grantham Institute for Climate Change and the Environment at the London School of Economics, told The Associated Press. “They preferred the economic file rather than the environmental file. "

The original route has yet to produce profits, and Trump has backed the action with interest-free loans of £ 40,6 million, according to previous filings.

To know more : https://www.trumpgolfscotland.com/

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