Losses at Donald Trump’s Aberdeenshire golf course almost double
“It was pretty early on that I realised the swing wasn’t great and it was going to be a bit of a battle, but on a day like that the crowd is always going to be helpful and pull you back.” It could have been a lot worse for the two-time major winner, who had…
“It was pretty early on that I realised the swing wasn’t great and it was going to be a bit of a battle, but on a day like that the crowd is always going to be helpful and pull you back.”
It could have been a lot worse for the two-time major winner, who had to birdie three of his last five holes for a 70.
Losses at Donald Trump’s Aberdeenshire golf course almost doubled in the last year, according to new figures.
The former US president’s course, on the Menie Estate in Balmedie, near Aberdeen, lost £1.4m in the period up to 31 December last year, despite a £4.8m loan from his company, DJT Holdings.
Trump’s sons Eric and Donald Jr are directors of the course, which lost £738,000 the previous year, while he is registered as a “person with significant control”.
Plans for a second course at the estate, named the MacLeod Course after Trump’s Isle of Lewis-born mother Mary, were announced last month.
According to the accounts, the £4.8m loan takes the total borrowing from DJT Holdings to £11.8m.
The development’s turnover increased slightly compared to the previous year, up from £3.6m to £3.75m.
The club hosted the PGA Seniors Championship in August.
A statement signed off by Eric Trump in the accounts said: “As demonstrated, ownership remains steadfastly committed to their vision for the property and confidently foresee a positive fiscal improvement as the impact of the investment activities flow through in the medium and longer term.”
The course was handed over to Trump’s sons shortly before he became president in 2017.
It opened amid strong opposition over potential environmental damage and has come under fire for damage to what was a Site of Special Scientific Interest (SSSI).
An 18-hole links course, named the MacLeod Course after Trump’s mother, Mary, will welcome players for the first time next summer.
The club claimed it would have the “largest sand dunes in Scotland”.
The Trump family also owns Trump Turnberry in Ayrshire, which has published its accounts with Companies House.
The property substantially increased its profits last year, up from £186,000 in 2022 to £3.8m.
It has faced criticism after hiking green fees up to £1,000 for a round at peak times.
Trump will contest the US election as the Republican candidate against Democratic opponent Kamala Harris on 5 November.
