EXC Losses at @realDonaldTrump's Turnberry resort have more than doubled to £10.7m, marking the 5th consecutive year it's failed to turn a profit. It remains reliant on £115m in loans & its helicopter charter biz has been scrapped. My @TheScotsman latest: scotsman.com/news/losses-mo…
The turnover is up, but that aside, these financials spell very bad news for Turnberry, especially after @EricTrump's attempts to build housing & luxury villas on land owned by the Trump Org ended in failure, as I revealed last week: scotsman.com/news/donald-tr…
The accounts also confirm, in damning fashion, my excl from last month on Trump's failed luxury helicopter charter biz. The subsidiary entity overseeing the venture has been discontinued, and the Sikorsky S-76B helicopter in Q has been sold off. scotsman.com/news/politics/…
In short the £10.7m is the second highest annual loss incurred by Turnberry since Trump took it over in 2014 - and that includes a spell in 2016 when the resort was *closed* for six months for redevelopment. I'm going to fact check some of Eric Trump's other claims later.
As always, if you have a story or tip off about Trump's operations in Scotland, my DMs are open, and you can email martynmcl@protonmail.com
