Clearly, ex-President Donald Trump’s life has effectively been going off the rails for some time now. The scandal-plagued former guy is facing an absolute mountain of federal criminal indictments, lawsuits, investigations, and trials with no end in sight. And just when you thought things couldn’t possibly get worse for him, it now seems as though his prized golf courses are taking a brutal hit as well.
According to recent reporting from Newsweek, ex-President Trump’s collection of golf courses are struggling in a bad kind of way. In fact, it seems they’re so desperate to attract any customers at all at this point, that they’re offering a variety of discounts just to get people in the doors.
Newsweek noted that Donald’s Trump National Doral Golf Club in Miami, FL, had almost full availability for tee times this coming Sunday and many of those tee times featured discounted rates, with prices marked down anywhere from $11 and $45. To make matters worse for the former president, this issue isn’t just effecting one or two of his golf properties. Far from it, actually.
Multiple recent reports have indicated that the 2024 candidate’s golf courses are deeply struggling across the board.
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Newsweek reports:
Financial filings made available in 2020 showed that Doral made a profit of $4.3 million on $75 million of revenue in 2017. Revenue fell to less than $45 million in 2020.
Meanwhile, Trump spent more than $300 million in cash purchasing and developing the Scottish resorts in Ayrshire and Aberdeenshire, which lost more than $8 million in 2020, and $5.3 million in 2021, records show.
The 15 courses the former president owns around the world lost over $315 million over 20 years, according to a New York Times report from 2020.
However, Trump’s FEC disclosures showed him earning as much as $555 million through his golf course assets between January 2022 and April 14, 2023, Sportico reported earlier this year—roughly half of the $1.2 billion in income he specified as having received during that time period.”
Many of these same Trump-owned golf courses are now at the center of New York Attorney General Letitia James’ massive civil lawsuit against the former president and his family company, The Trump Organization, alleging that Donald, his children, and his cohorts committed fraud by purposely misrepresenting the value of his assets in an effort to obtain more favorable tax breaks and bank loans.
Read the full report from Newsweek here.
Featured image via Political Tribune Gallery
