Business of Sport: Company that sold Doonbeg resort to Trump had Euro 80.6m in liabilities

The first sod has been turned on the new centre of excellence at the national sports campus in Abbotstown

Barry J Whyte

Chief Feature Writer @whytebarry
9th March, 2014

The company that owned Doonbeg Golf Club - the resort bought by American billionaire Donald Trump last month for a reported price of €15 million - had net liabilities before the sale of €80.6 million, and a shareholders' deficit of €71.9 million at the end of December 2012.

Its owners, South Sea Partners, a US fund, appointed receivers to the resort last January, and Trump bought it in February. The golf course reported a loss on...

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