The US President’s resorts at the Menie Estate in Aberdeenshire and Turnberry in Ayrshire showed the latter, purchased for £29.5million in June 2014, saw its turnover increase by 15 per cent in 2024 to a record £23.2 million
US President Donald Trump is a huge golf fan(Image: PA)
Despite recording record sales, Donald Trump’s golf courses in Scotland reported losses last year as the US President was left embarrassed. Meanwhile, he was spotted once again teeing off earlier this month while over 750,000 federal workers remain furloughed or working without pay due to the government shutdown.
The financial statements submitted to Companies House for the US President’s resorts at Menie Estate in Aberdeenshire and Turnberry in Ayrshire revealed that the latter, acquired for £29.5million in June 2014, saw a 15 per cent increase in turnover in 2024, reaching a record £23.2 million.
This surge was fueled by affluent tourists flocking to the site for a round of golf, which can cost more than £1,000. SLC Turnberry, the company managing the resort, announced an operating profit of £2.3million for the year ending December 31, 2024. However, after depreciation charges, it reported an overall loss of £631,779.
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Trump International Golf Links, which Trump inaugurated in the north-east of Scotland in 2012 following a clash with environmental activists, suffered a loss for the 13th consecutive year(Image: AP)
Trump International Golf Links, which Trump inaugurated in the north-east of Scotland in 2012 following a clash with environmental activists, suffered a loss for the 13th consecutive year despite posting its best financial performance. It reported a total loss for the year of £937,693, compared to a loss of £1.4 million the previous year, reports the Mirror.
During a visit to Scotland in July, Trump attended the opening of a second course at the site. Trump has previously praised the course as the world’s greatest and promised to create 800 jobs at the resort.
The business employed 108 people in its 13th year, with £2.65 being paid out in wages.
Trump International Golf Links, which Trump inaugurated in the north-east of Scotland in 2012 following a clash with environmental activists, suffered a loss for the 13th consecutive year(Image: AFP via Getty Images)
The Republican president, 79, stepped down as director of the golf business after his first presidential election victory in 2016. He has since transferred control of the trust to his family.
In his director’s report for the Menie Estate, the son of the White House chief, Eric Trump, stated: “Ownership remains committed to the long-term vision for the resort and confidently foresees a positive fiscal improvement in the medium to long term.
“The New Course along with the additional luxury accommodation under development further strengthens the resort’s status as a world-class visitor destination.”
(Image: Getty Images)
In his report for Turnberry, Eric Trump noted: “The strong results were largely driven by high demand for Trump Turnberry from groups and leisure travelers.
“The resort’s golf business also outperformed last year as its championship courses command the highest rates in the region.”
The Trump Organization employed 446 people at Turnberry during the year who were paid a total of £10.3 million in wages.
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Sarah Malone, Executive Vice President at Trump International, Scotland, commented: “Trump Turnberry and Trump International Scotland saw substantial revenue growth across all income streams in 2024 and attained their highest ever annual turnovers. Both businesses have also benefited from major capital investments to further expand and enhance their top-world-ranked golf courses and leisure facilities.”
Trump, a keen golfer, has spent 68 out of 270 days on the golf course since returning to office, as per the tracking website didtrumpgolftoday.com. This equates to approximately 25.2 percent of his second term being spent on the green.
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