Trump Organization fights New York City to cancel golf contract | Financial

The reason for the conflict is the unilateral cancellation of the contract that the Trump Organization had with New York. That happened just after the storming of the Capitol in Washington by supporters of Trump on January 6. Since its opening in 2005, the Ferry Point golf course in the Bronx borough has been managed.

Political motivations

The Trump Organization emphasized in a statement that political motivations predominated in the city of New York in the decision to cancel the contract. The requirement is to restore the golf deal or to come up with money to buy off the contract.

Golf activities play a major role at the Trump Organization. There are also golf courses managed in Scotland, where Trump has regularly set up camp.

In addition to the loss of the golf contract in New York, there were also companies that closed the door to the Trump Organization at the beginning of this year. Banking group Deutsche Bank, which still has $340 million in loans outstanding, does not want to do business anymore.

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