October 7, 2020
In a MorningRead.com exclusive on October 4, Bradley Klein chomps things up with Trump Golf Properties manager Eric Trump, who says the “golf business has never been better” for the company and predicts their best year ever. Yet, tax returns for the company show otherwise, with reportedly huge losses.
“The portfolio isn’t losing money,” said Trump, referring to the firm’s golf holdings. “You can make an operating profit, and that’s not the same as a tax loss based on depreciation, on legitimate write-offs on a schedule. That’s how real estate works.”
Klein focuses on the loss of tournaments from Trump-branded properties, with only the 2022 PGA currently scheduled at Trump Bedminster. This, after Trump properties hosted 30 significant events across multiple tours from 2001 to 2017.
In typically upbeat tones, Eric Trump said he anticipates getting back to holding major events beyond the 2022 PGA, though he did not assign a time frame to the goal.
“When he gets out of politics,” Trump said of his father, “we’ll do a million tournaments.”
Tournaments at Trump-owned, -branded or -managed courses
- 2001-2008: LPGA ADT Championship, Trump International Golf Club, West Palm Beach, Fla.
- 2006: LPGA Office Depot Championship, Trump National Golf Club Los Angeles, Rancho Palos Verdes, Calif.
- 2008-2015: PGA Tour Puerto Rico Open, Trump International Golf Club, Rio Grande, Puerto Rico
- 2009 USGA Junior Amateur, Trump National Golf Club Bedminster (Old and New courses), Bedminster, N.J.
Read more at MorningRead.com
