Donald Trump has been left red-faced after his Aberdeenshire golf course saw its losses double to £1.4million.
The ex-President’s Scottish course, which is located on the Menie Estate in Balmedie, recorded significant losses in the period up to New Year’s Eve last year.
Trump International Golf Club Scotland lost an additional £738,000 in the previous year and Trump remains a “person with significant control”.
However, the latest losses come after the course received a £4.8million loan from the ex-President’s company DJT Holdings.
Donald Trump left red-faced after losses at Scottish golf course DOUBLE to £1.4mGETTYThe latest loan takes the course’s overall borrowing from DJT Holdings to £11.8million.
Trump’s sons, Eric and Donald Jr, were made directors of the course shortly after the 78-year-old became Commander-in-Chief in 2017.
Plans for a second course, named MacLeod Course, were announced last month.
The club hosted the PGA Seniors Championship in August.
A statement signed off by Eric Trump in the accounts said: “As demonstrated, ownership remains steadfastly committed to their vision for the property and confidently foresee a positive fiscal improvement as the impact of the investment activities flow through in the medium and longer term.”
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Donald Trump arrives by helicopter at the Trump International Golf Links at Balmedie
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The Trump family also owns Trump Turnberry in Ayrshire, which has published its accounts with Companies House.
The property substantially increased its profits last year, up from £186,000 in 2022 to £3.8m.
However, revelations about losses at the Menie Estate come as the ex-President continues to campaign for votes ahead of his run-off against Kamala Harris on November 5.
Opinion polls suggest the race is too close to call, with Harris’ national lead overlooking closer contests in key swing states.
Donald Trump
GETTY
Redfield & Wilton put Trump ahead in Arizona, Florida and North Carolina.
Harris opened up narrow leads in Minnesota, New Mexico and Wisconsin.
The pair remain neck-and-neck in Georgia, Michigan, Nevada and Pennsylvania.
Many expect the 2024 US Presidential Election to be the closest since George W Bush’s victory over Al Gore in 2000.