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© Reuters. FILE PHOTO: A view of the Lighthouse on the Ailsa Championship Course at the Trump Turnberry Golf Resort in Turnberry, Scotland, Britain October 3, 2020. Picture taken October 3, 2020. REUTERS/Russell Cheyne
LONDON (Reuters) – Former U.S. President Donald Trump’s two Scottish golf courses lost 4.4 million pounds ($5.44 million) in 2021, according to accounts released on Thursday, continuing a consistent run of red ink at the clubs under his ownership.
SLC Turnberry Ltd., which manages the famed Turnberry golf resort, said closure for part of the year due to the COVID-19 pandemic contributed to pre-tax losses of 3.7 million pounds.
Trump International Golf Club Scotland Ltd, which operates a club Trump built north of Aberdeen, reported a pre-tax loss of 697,000 pounds.
The results were helped by the companies receiving just over 1 million pounds in COVID payroll support from the UK government.
The clubs said they saw underlying improvements in theirs businesses.
However, the results add to a picture of financial challenges at many Trump companies that was revealed in December, when the then Democratic-led House of Representatives Ways and Means Committee released the former President’s tax returns.
The records cut against the Republican ex-president’s long-cultivated image as a successful businessman as he mounts another bid for the White House.
($1 = 0.8081 pounds)
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