President Donald Trump’s Scottish golf clubs lost £4.6m last year, with company accounts blaming “economic downturn” and a lower oil price for poorer revenues.
The Trump Turnberry resort, which was host to protests during the President’s UK visit this year, lost £3.4m in 2017. This is the fourth consecutive year of losses at the club.
Eric Trump, the president’s second son and director of parent company Golf Recreation Scotland, wrote that this was “one of the most robust financial results in a decade” for the resort.
In a statement in the company’s accounts report, he wrote that the directors expected the club to have operating profitability in “the short to medium terms”.