Losses from former US President Donald Trump’s golf course in the Scottish Highlands almost doubled in 2023, to £1.4 million (€1.6 million), according to figures published in the Kingdom’s commercial register. United (Companies House).
The field located on the Menie estate, in Balmedie (near the city of Aberdeen), recorded these annual losses in the year ending December 31, 2023 despite having received a loan of £4.8 million (5. 7 million euros) from Trump’s company, DJT Holdings.
In 2022, the losses had been 738,000 pounds (882,611 euros).
Trump’s sons Eric and Donald Jr. are directors of the facility, while Trump remains registered as a “person with significant control.”
The loan of £4.8 million (€5.7 million) for this development brings DJT Holdings’ total borrowings to £11.8 million (€14.1 million).
Despite revenue increasing slightly from £3.6 million to £3.75 million (€4.3 million), the field remains in the red.
The club hosted the PGA (Professional Golfers’ Association) Veterans Championship in August.
Eric Trump assured in a statement signed in the accounts that the owners are committed to the project and trust that the investments made will have a positive impact in the medium and long term.
The golf course was given to Trump’s children shortly before he took office in 2017 and was inaugurated amid strong opposition for its impact on the environment, specifically the damage to what was a Special Site. Scientific Interest (SSSI).
The estate will open a new 18-hole course, the MacLeod Course, in honor of Trump’s mother, Mary – who was born on the Scottish island of Lewis – next summer and will have the “largest sand dunes in Scotland”, it said. the club.
In addition, the Trump family owns the Trump Turnberry resort in Ayrshire, which increased its profits last year, going from 186,000 pounds (222,408 euros) in 2022 to 3.8 million pounds (4.5 million euros).
Trump is the Republican candidate in the US elections against Democrat Kamala Harris on November 5.
