Sunday, February 22, 2009

The Trouble For Trump

It's simple really. The Donald's business model is to get people to stump up the money and call whatever they're doing Trump – Trump towers. Trump casinos, Trump resorts etc. Trying to get to the bottom of where he has his money invested is difficult. Certainly the demise of the casino business has cost him dearly but what about the other projects around the world? The slowing of work on the New Orleans project, the apparent problems in Dubai and several other difficult situations do nothing from brand Trump.

When it comes closer to home who exactly are the people who are going to be putting up the money to build, 'the world's greatest golf course'? Will they now be thinking again about digging deep into their pockets to fund the scheme? This despite the protestations of Team Trump that, "The money is there, ready to be wired at any time. If we needed to put the development up tomorrow, we have the cash to do that. It is sitting there in the bank and is ready to go."

Does anyone seriously believe it in the current climate? What's more how bad is the damage to the Trump brand are this week's events? Naturally the Donald is having none of it, his brand is “stronger than ever” and that “sophisticated people understand that the casinos were a very small portion of my net worth and I had nothing to do with the management of the company.”

I wonder what the Scottish Government think now about throwing themselves at the Donald like school girls trying to get close to some X-factor winner, hoping that some of the charisma will rub off. What about those 500 houses? The hotel and all the jobs that were going to come flooding into Scotland as a result of the Donald deigning to come home to the mother country to spread some of his largess? On his web site it opens with a big sounding splash that says 'Welcome to the world of Trump.' Some world!


Richard Evans said...

". . . Trying to get to the bottom of where he has his money invested is difficult."

Always makes me smile that to a lot of British people 'trump' is another word for breaking wind.

Richard Havers said...

As a friend of mine has just emailed to say. "If you had £500k to spend on a new house, and you loved golf, would you spend it in Aberdeenshire, where the predominant weather pattern is fog and rain! As ever, when things seem too good to be true, they probably are!"

Steve Kelly said...

Listening to the Radio one day last week. and shame on me because I can't recall the name of the pundit whose quote this was, I heard this:

"Remember, if it's too good to be true, then it's not true!!"

It was in the context of "Stanford the Benevolent" and English cricket. Naturally I had to smile.

Steve Kelly said...

Which reminded me of a follow up quote from the same individual which went something like this:

"The economic tide is still on the way out and we are beginning to see who's been swimming without a bathing suit!"

The list is set to get longer. Madhoff, Trump, Stanford, ....., .....,