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
Tue, 14 Jul, 2015 - 01:00
Dawn McCarty

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.

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CourtsDonald Trumpwhite houseBankruptcyPlace: San JuanPlace: DoonbegPlace: Co ClarePlace: AberdeenPlace: ScotlandPlace: Rio Grande, Puerto RicoPlace: New YorkPlace: Old San JuanPerson: TrumpPerson: Donald TrumpPerson: Tom KitePerson: Rhona GraffEvent: 2008 Puerto Rico OpenOrganisation: Trump International Golf ClubOrganisation: Puerto RicoOrganisation: White HouseOrganisation: Coco Beach Golf & Country Club SEOrganisation: RepublicanOrganisation: Coco Beach GolfOrganisation: Trump Organization IncOrganisation: Puerto Rico Tourism Development FundOrganisation: US Bankruptcy Court, District of Puerto RicoOrganisation: Bloomberg NewsOrganisation: Irish
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