Trump’s businesses are losing millions in Scotland

Trump has two golf resorts in the country — one near Aberdeen and the other at Turnberry. Their combined losses nearly doubled to £19 million ($25 million) in 2016, according to accounts filed in the U.K.

Trump resigned as director of the Scottish companies before his inauguration in January 2017, but remains the owner via a trust set up when he became president. His son Eric is a director of both resorts.

Trump valued each of the resorts at “over $50 million” in a disclosure form published in June by the U.S. Office of Government Ethics.

However, last year’s deficit means the projects have lost a combined £40.5 million ($53 million) since Trump acquired them, and the president continues to provide financial support.

He has supplied both businesses with huge loans: at the end of 2016 they owed him £152.5 million ($200 million).

Officials at the Trump Organization did not immediately respond to a request for comment on Monday.

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