Trump Gets Some Awful News – He’s In Trouble
August 7, 2015 3:02pm PST
It’s been an amazing day for Donald Trump. Last night was the first GOP debate, and today’s polls revealed that the vast majority of Republicans are behind Trump and believe that the business mogul won by a landslide.
However, not all the news for Trump was good. While his presidential campaign is doing extremely well, his businesses took a hit this week when a U.S. trustee objected to a proposed sale of a bankrupt Puerto Rico golf course that licenses the Trump brand.
According to The Deal, U.S. Trustee Guy G. Gebhardt filed an objection in the U.S. Bankruptcy Court for the District of Puerto Rico in Old San Juan on various grounds, including that the $2.04 million purchase price is too low. He has asked the court to deny Coco Beach Golf & Country Club SE’s motion to sell until they address his concerns.
Objections were due by Thursday, and Judge Enrique S. Lamoutte Inclan will be making his final ruling on Monday, August 10.
Gebhardt believes that property on the golf course such as golf carts, furniture and fixtures, maintenance and kitchen equipment, help to bring it’s value to over $6 million.
“It’s unclear how this additional value is being taken into consideration in the [$2.04 million] purchase price,” Gebhardt said in court papers.
Despite this setback, we doubt Trump is too broken up about this. He is not as focused on his thriving business empire at the moment. Instead, he is focused on trying to save our country!
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