Donald Trump’s Irish golf course at Doonbeg in Co. Clare has suffered a €2.5m loss.
The Apprentice host bought the golf course and resort last year for just under €9m with accounts filed for the company – TIGL Ireland Enterprises – revealing that Doonbeg suffered the loss between February and December of last year.
The company blamed the loss on various start-up costs incurred as part of the acquisition of the business.
Loss: Donald’s Irish golf course has lost over €2m | YOUTUBE
“The company has commenced a redesign of the golf course, which will be completed in 2016,” the accounts reportedly noted. “As a result, the course will not be fully operational until 2016 and the directors forecast further losses in 2015.”
The billionare filed documents this year in the U.S. in connection with his presidential campaign, the business tycoon placed a €23m valuation on the Doonbeg resort and also claimed that the resort was generating annual revenue of about €10m.
Donald has pledged to invest up to €45m in Doonbeg and create hundreds of new jobs.
The U.S. presidential candidate said he hopes to transform the resort into a “truly iconic” golf destination.
