Trump At It Again
July 18th, 2007
On Monday, our orange friend, Donald Trump, decided to purchase the Running Horse golf course for $30 million. Originally, Running Horse was supposed
to be the site of a stop on this fall’s PGA tour; however, in early June the PGA announced that it was moving that stop to Port St. Lucie, Florida due to the Running Horse developers failing to meet PGA deadlines. Running Horse’s bankruptcy status not only also contributed to the PGA’s decision to take the course over the tour but also led to the course selling at a discount. Luckily, Trump knows a lot about bankruptcy so the course should be hosing over shareholders within a year or two.
To finance the purchase Trump plans on continuing to overstate the value of his real estate (to obtain more loans) while introducing the Trump Peanut Butter, Trump Computer Paper and Trump Prune Juice product lines. Ok, I’m kidding about the last part.
