Thursday, April 30, 2009

Not Trumptown but Trumpcountry....

According to The Donald's man about Scotland, George Sorial, not content with building the world's greatest golf course and a hotel and hundreds of houses it appears that Team Trump are to buy Scotland. At least that's what The Scotsman is implying with it's headline – First Menie, next Scotland – Trump expands. According to Sorial, the managing director for international development at the Trump Organisation,

"I can't comment specifically on anything. However, we have been and are looking at a number of distressed properties in Scotland, in the UK, in Europe and globally. There are several very attractive projects right now in Scotland where we have ongoing discussions. They are in the areas of our core business – homes, hotels and leisure resorts. It can be situation where a developer has got in trouble with the banks, or where a developer simply has run out of money and doesn't have the funding to bring a project forward. We have said over and over again that, although there are some very obvious problems with the global economy, there are plenty of opportunities out there for a developer with a good cash position."

Don't you just love the Trumpies. They think we dim enough to buy this kind of b/s. Pound to a penny nothing of the kind is happening in Scotland. It's the business equivalent of a deflector shield. Somethings afoot in Trumpworld.

5 comments:

bigrab said...

"Ongoing discussions" = Nothing is happening!

Steve Kelly said...

Perhaps there is an element of truth in it. Turnberry is in trouble with it's resort development and hotel refurbishment having been backed by a Dubai group. And you also know of the issues at Loch Lomond although I suspect this would not fit the needs of Trump as it is unlikely he would get any significant development rights on the estate.

Richard Havers said...

The Trump Turnberry Resort.... ghastly thought!

Steve Kelly said...

Clearly it would have to renamed to "Trumpberry"

neil craig said...

I suppose Sorial has to do something with his time. It is nearly 4 years since Jack McConnell boasted that he had got this investment for Scotland & we seem barely closer to anybody using a spade rather than a pen.

At £120 million a year in taxes that is quite a lot of money foregone. Good job the economy is performing so well.