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US PRESIDENT DONALD Trump has resigned as a director of two Irish companies that own and operate the billionaire’s hotel and golf resort in Doonbeg, Clare.
The move comes just weeks after he told media that he “couldn’t care less” about the resort following complications with planning permissions for a planned expansion.
TIGL Enterprises Limited and TIGL Management Limited, which own and operate the business in Doonbeg, filed documents to the Companies Registration Office (CRO) last week removing Trump as a director.
His resignation is also consistent with his previous indication that he would be stepping back from running his business empire to avoid conflicts of interests and concentrate on his new role as US President.
The billionaire’s diverse business empire includes hotels and golf courses across the globe, as well as a winery and a modelling agency. The undertakings are expected to be managed by three of his children: Ivanka, Donald Jr, and Eric Trump.
Earlier this month, accounts for TIGL Enterprises Ltd revealed that accumulated losses at the company had doubled last year to more than €5 million. Trump remains the firm’s sole shareholder.
He acquired the resort in 2014 for around €8.7 million. It was valued at €23 million by the businessman just one year later in financial disclosures filed with the Federal Election Commission.
The company incurred a loss of €2,578,838 during 2015, bringing its total accumulated losses to €5,128,639 since it was established by Mr Trump in January 2014.
TIGL Management Ltd reported accumulated profits of €146,938 in 2015 and had a cash balance of €253,597 at the end of the accounting period.
The remaining directors of the two companies include Ivanka, Donald Jr, and Eric Trump.
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We need to make Ireland golf again.
@Rosa Parks: Bigly
Even tho’ it sounds silly, “Bigly” is actually a word.
Wing Commander Sir Nigel Winterbottom-Bigly doesn’t count!
We need vast swatches of golf courses to make Ireland bigly
Noonan is in training to kneel down at Shannon airport if Trump returns. The culimination of Noonan’s career.
Befriending the future President of the United States, as Minister for Finance for Ireland… Sure beats my career!
@Diarmuid: sycophancy is demeaning not only of the flatterer but also of the country.
The more limited Trump’s future connections with Ireland the better.
Trump is an unfortunate aberration but a fascinating test in how far principles free politicians will go to ingratiate themselves.
Trump now says that 3 million illegally voted against him. The man is unhinged by his own ego,
Wouldn’t voter fraud on such a scale basically invalidate the entire election regardless of what side it’s on ?
I heard he sleeps in an oxygen tent which give him sexual powers
@Stephen Hynes: Didn’t work for you, Steve
That’s only a half truth!
Mcmmmmm…. Gummi Venus De Milo
Well, we put a lot of problems in his way – wildlife issues, planning permissions and pig headedness.
DT was developing an obscure EU site, giving employment and investment – but, it wasn’t good enough for Ireland.
he didn’t develop doonbeg. he bought it nearly 15 years after it opened
In fairness he must ve soing some further development, or he wouldn’t't have been applying for planning permission recently.
Is Trump still a member, a small member with a small member?
Puerile humour?
Great,let’s drag it down into the gutter.
Well done Tony.
@Alex Falcone: Your infatuation with Trump is very scary.
@Dain Bramage:
My infatuation?
Haha.
Look around you dude. Read the papers. Listen to the radio. Turn on your TV. Check out social media.
@Alex Falcone: I don’t read the newspapers, watch the TV or listen to the radio, they are part of the mainstream media liberal Cultural Marxist Big Pharma Military Industrial Complex agenda. I get my information from Alt-Right blogs and The White House press office.
@Alex Falcone: it’s just flippant derision for the Trumpeteer.
@Dain Bramage:
Good for you. You’re smarter than I thought.
So Donald just f***** over the people of Doonbeg, I wonder what his Irish cheerleaders think of that.
@OpenBorders: He didnt say he was selling up. Ivanka, Don Jr and Eric still listed as directors.
So he should care more about the people of Doonbeg than the promises he made during the election? Don’t think so.
Wow, maybe Noonan can take over and fill his boots again!
God just for a second I thought he resigned as president.
No chance Gerry, the man is a megalomaniac.
As his father before him.
Don’t we wish
Donald, doing things by the rule book.
**Responsible**
Is Trump hair brained, hare brained or just brainless?
He’s being controlled by his hair :p
Jesus I wonder what’ll he do with himself now
How low will Irish politicians stoop to ingratiate themselves with Trump the Terrible?
This means absolutely nothing. He still owns Doonbeg. It’s a clear contravention of the emoluments clause.
SO WHAT
If he had a son named The Burren, Clare County Council could have cut a good deal on rocks for those walls.
I hope someone sprays the course with vinegar.Anyone supporting Doonbeg supports Trump.
I drempt last night that he completed his eight years and was elected Taoiseach in Ireland
Now Enda
have your say