- Joined
- Feb 12, 2013
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- 160,900
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Reasons like this may explain that.
Where Did Donald Trump Get Two Hundred Million Dollars to Buy His Money-Losing Scottish Golf Club?
It makes sense as a laundry facility though.
Perhaps the real reason for the Putin ass kissing this week is to get another bridge loan.
Where Did Donald Trump Get Two Hundred Million Dollars to Buy His Money-Losing Scottish Golf Club?
After buying the property for more than sixty million dollars, he then spent a reported hundred and fifty million pounds—about two hundred million dollars total—remaking the site, adding a new course, rehabbing an old one, and fixing up the lodgings. It is possible, though, that he will have some harsh words for his staff. The Turnberry has been losing an astonishing amount of money, including twenty-three million dollars in 2016. The Trump Organization argued that these losses were the result of being closed for several months for repair. However, revenue for the months it was open were so low—about $1.5 million per month—that it is hard to understand how the property will ever become profitable...
It makes sense as a laundry facility though.
We know, of course, that the Trump Organization has worked with some truly questionable business associates, that it has run afoul of anti-money-laundering laws, and that its most high-profile business expansion—a line of three- and four-star hotels—has all but collapsed. But, for all the coverage of Trump’s finances, there is so much we just don’t know. And Trump Turnberry offers a tantalizing and maddeningly incomplete glimpse into the ways in which our President makes and spends money.
Perhaps the real reason for the Putin ass kissing this week is to get another bridge loan.
