Trump US golf club files for bankruptcy

Trump International Golf Club Puerto Rico filed for bankruptcy as Donald Trump, the billionaire real estate mogul who lent his name to the property, makes a bid for the White House.

Trump US golf club files for bankruptcy

The petition filed yesterday by Coco Beach Golf & Country Club SE in bankruptcy court in San Juan listed assets of $9.2m (€8.24m) and as much $78mn in debt. The filing comes as Mr Trump seeks the Republican presidential nomination.

The Puerto Rico resort, which opened in March 2004 as Coco Beach Golf, renamed itself in 2008 after licensing the use of Mr Trump’s name.

Mr Trump, an avid golfer, is affiliated with 17 golf properties worldwide, including Doonbeg in Co Clare and Aberdeen in Scotland, according to his website.

The golf division of Trump Organization Inc owns and manages most of the courses.

The golf club, which features two 18-hole championship courses in Rio Grande, Puerto Rico, was designed by professional golfer Tom Kite.

The 1,000-acre property features a 46,000 sq ft clubhouse.

It hosted the 2008 Puerto Rico Open, according to the Trump website.

Rhona Graff, a spokeswoman for New York-based Trump, didn’t immediately respond to an e-mail seeking comment on the filing.

Puerto Rico Tourism Development Fund is listed as the largest creditor with a claim of $32.6mn, according to court documents.

The case is listed as Coco Beach Golf & Country Club SE at the US Bankruptcy Court, District of Puerto Rico, Old San Juan.

Bloomberg News, additional reporting Irish Examiner

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