Many of those are in poor southern confederate states that Trump has little or no business interests. Most of Trumps businesses are in blue states that voted against him.
Trump Is on the Verge of Losing Everything https://nymag.com/intelligencer/2021/01/donald-trump-after-presidency.html President Trump’s second impeachment, like the other repudiations he has suffered, feels provisional. He is never quite banished. He is impeached, but Senate Republicans refuse to convict or even allow evidence into his trial. He loses the election, but won’t concede, and may just run again. He is impeached again, but his trial is delayed until after his departure date. It feels as if we have spent four years watching the wheels come off, yet the vehicle somehow still keeps rolling forward. But now, finally, the end is at hand. Trump is suffering a series of wounds that, in combination, are likely to be fatal after Joe Biden is sworn in on January 20. Trump is obviously going to surrender his office. Beyond that looming defeat, he is undergoing a cascading sequence of political, financial, and legal setbacks that cumulatively spell utter ruin. Trump is not only losing his job but quite possibly everything else. One crisis, though the most opaque, concerns Trump’s business. Many of his sources of income are drying up, either owing to the coronavirus pandemic or, more often, his toxic public image. The Washington Post has toted up the setbacks facing the Trump Organization, which include cancellations of partnerships with New York City government, three banks, the PGA Championship, and a real-estate firm that handled many of his leasing agreements. Meanwhile, he faces the closure of many of his hotels. And he is staring down two defamation lawsuits. Oh, and Trump has to repay, over the next four years, more than $300 million in outstanding loans he personally guaranteed. Trump has reinvented his business model before, and he may discover new income streams, probably by monetizing the loyalty of his fanatical base through some kind of Trump-branded “news” organization, as has been predicted since before the 2016 election. But starting a media property is difficult and hardly a guarantee to make money. (It’s not as if conservative alt-news fans have nowhere else to find an angry white man shouting about antifa, socialism, and Black Lives Matter protesters.) One Republican who speaks to Trump hopefully suggested Trump can make money holding more rallies: “If you can [get] 30,000 people to show up and you charge them $5, that’s real money,” he told the Post two months ago. Actually, a $150,000 gross payout, before deducting the costs of renting a venue, staff, security, and travel, is probably a negligible — or even negative — profit, not “real money,” and the fact it’s being considered reveals a certain desperation. And if Trump can’t make money luring customers to watch him do the “Lock them up” chant and dance to “Macho Man,” and he can’t do the hard work of launching a lucrative media brand, then he’s back to giving away his rants for free on other peoples’ networks (now that he can no longer give them away for free on Twitter). If this were still 2015, Trump could fall back on his tried-and-true income generators: money laundering and tax fraud. The problem is that his business model relied on chronically lax enforcement of those financial crimes. And now he is under investigation by two different prosecutors in New York State for what appear to be black-letter violations of tax law. At minimum, these probes will make it impossible for him to stay afloat by stealing more money. At maximum, he faces the serious risk of millions of dollars in fines or a criminal prosecution that could send him to prison. Trump reportedly plans to pardon himself along with a very broad swath of his hangers-on. But a pardon hardly solves his problems. For one thing, a federal pardon is useless against state-level crimes. For another, the self-pardon is a theoretical maneuver that’s never been tested, and it’s not clear whether the courts will agree it is even possible to do so. And what’s more, a pardon might constitute an admission of guilt, which could open up Trump to more private lawsuits. Remember how O. J. Simpson was ordered to pay $34 million to the families of Nicole Brown Simpson and Ronald Goldman, even after he beat the murder rap? The families of victims of the January 6 riot might well sue Trump for his role in inciting the violence. Trump might try pardoning himself to make sure he can’t be charged with criminal incitement, but admitting the crime makes it even easier to bring a civil suit against him. The easiest way out of the self-pardon dilemma would be for Trump to make a deal with Mike Pence, under which he would resign before leaving office and Pence would grant him a pardon. Unfortunately for Trump, Pence is still sore about the whole “whipping up a paramilitary mob to lynch him” episode. ABC reported recently that Trump does not want to resign, in part because he doesn’t trust his vice-president to pardon him. The assumption until now has always been that Trump wouldn’t really be convicted of crimes or sentenced to prison, despite the fairly clear evidence of his criminality. American ex-presidents don’t go to jail; they go on book tours. That supposition wasn’t wrong, exactly. It rested on the understanding of a broad norm of legal deference to powerful public officials and an understanding of the dangers of criminalizing political disagreement. But what has happened to Trump in the weeks since the election, and especially since the insurrection, is that he has been stripped of his elite impunity. The displays of renunciation by corporate donors and Republican officials, even if they lack concrete authority, have sent a clear message about Donald Trump’s place in American society. It might be easy to overlook the significance of Mitch McConnell letting it be known that he wishes to be rid of Trump. McConnell probably won’t push for Trump’s conviction in a second impeachment trial, but he does wish to disqualify Trump from holding office and clear away the threat of a third straight presidential election with Trump at the top of the ticket. A prison sentence would solve that problem nicely. McConnell obviously can’t dictate decisions by prosecutors or courts. But courts do follow the lead of political elites. And if McConnell sees Trump as a liability for the party and the conservative movement, the ideologue judges he helped install just might see it the same way. Trump will be staving off lawsuits, state prosecutions, and possibly federal prosecutions. He needs help from the courts, and the reserves of latent deference and sympathy he might have counted on to save him will be exhausted. At noon on January 20, Trump will be in desperate shape. His business is floundering, his partners are fleeing, his loans are delinquent, prosecutors will be coming after him, and the legal impunity he enjoyed through his office will be gone. He will be walking naked into a cold and friendless world. What appeared to be a brilliant strategy for escaping consequences was merely a tactic for putting them off. The bill is coming due.
Hey let me play devil's advocate here. I'm seeing SPAC's acquiring companies with less than 100MM in revenue come out of the gate with a a market-cap north of a few billion. I wrote about this well over a year ago, and now its all the buzz. When I wrote about it, not so much. Trump TV. You can laugh, but the cat garnered 74MM votes. Does anyone here realize the power of that potential viewership? Ok.... here come the perennial arguers here.... "blah blah blah".... Yeah whatever... but I'm right. He may lose a few hotels... but his cable channel is going to print money. The more controversy, the better; from a viewership standpoint at least. It doesn't stop there. Mobile apps, E-commerce.... the idiots out in San Jose opened the door for Trump in a big big way. You'll see. From August 2019: https://www.elitetrader.com/et/threads/trump-tv.335548/#post-4918289 Like I've mentioned here a few times before... they say it skips a generation lol. Lucky me. ----------------------------------------
The Trump brand has gotten larger and stronger. Only in the minds of the Trump Deranged Syndrome ET trolls that they think that President Donald Trump as a private citizen is even worst? He is a successful billionaire and he gave up a lot in the tens of billions of potential profits from deals he could have easily struck had he remained a private citizen. There is huge demand created for honest and straight news with the fascist, dictatorial social media extreme liberal crazies running Facebook, Twitter and Google. They just opened the floodgates to their competition by their act of trying to censor 50% of the US population. Now, they lose subscribers by the tens of millions and the huge ad revenues with it. Small Parler they shutdown knowing full well that it could easily, overtake them and make them irrelevant even further down the line. Gab.com, Rumble.com and others including, cable tv is coming to take them all down. They made a very serious mistake of biting the hand (Trump) that feeds them.
Trump is about to enter the worst days of his business career https://www.rawstory.com/trump-business-career-over/
Trump is being "un-banked" everywhere... Florida bank says it has closed Trump's accounts https://thehill.com/policy/finance/...orida-bank-says-it-has-closed-trumps-accounts A Florida bank announced Thursday that it has closed down former President Trump’s account, joining a growing list of entities that have cut ties with the former president following the deadly Jan. 6 Capitol riot. In his financial disclosures, Trump had stated he had two money-market accounts with Banks United, The Washington Post reports. The accounts held somewhere between $5.1 million and $25.2 million. “We no longer have any depository relationship with him," said Banks United, without giving reasons for its decision to shutter the accounts. Another Florida bank, Professional Bank, last week announced that it would be cutting ties with Trump, saying it would no longer conduct business with the former president or his organizations. Signature Bank in New York and Deutsche Bank have also said they will no longer be conducting future business with Trump. Signature Bank notably took a strong stance against Trump and his allies in Congress, calling for him to resign and saying it would not conduct business with lawmakers who had objected to certifying the presidential election. Deutsche Bank is seeking to resolve more than $300 million in loans, reportedly looking to offload the loans onto another lender due to the negative press their dealings with Trump has caused. Deutsche Bank's relationship with the Trump Organization is under a civil investigation by New York attorney general Letitia James. James is investigating claims made by Trump's former personal attorney Michael Cohen that he had inflated the value of his assets and financial statements. Though the investigation is civil, James has said criminal charges may arise if anything suggesting criminality is discovered during her probe. Manhattan district attorney Cyrus Vance is also conducting an investigation into whether or not Trump misrepresented the value of his assets in order to receive larger tax deductions. Vance recently expanded his investigation to include the Trump family's Westchester County estate, a historic mansion called Seven Springs, built by former Washington Post publisher Eugene Meyer.
It’s being reported former Trump officials are lobbying for his conviction in the senate and barring from federal office.
More Bad News for Trump: Last Year, His Company’s Revenues Plunged $150 Million Trump returns to the helm of a company in dire financial shape. https://www.motherjones.com/politic...ar-his-companys-revenues-plunged-150-million/ As Donald Trump left the White House yesterday, he returned to a business empire in dire financial condition—far worse than previously reported, according to newly disclosed information. Trump’s final personal financial statement, filed Wednesday night, shows that revenues at his company, the Trump Organization, plunged by more than $150 million last year—a whopping decline of nearly 40 percent. The disclosure also reveals that many of his flagship properties saw much of their business evaporate over the last year. When Trump took office, he said that he was putting his adult sons in charge of the business and joked he would tell them, “You’re fired!” if he came back to find his company in bad shape. Well, it’s in bad shape. That may have less to do with his sons’ stewardship of the company than with the devastating effects of the COVID-19 pandemic—the crisis Trump so often downplayed or ignored—on the hospitality industry. Trump’s brand-tarnishing actions in office, capped by his incitement of an insurrection at the Capitol, have also been a main cause of the Trump Organization’s decline in recent years. In the past two weeks—following the murderous assault on Capitol Hill—banks and financial partners have cut ties with him, closing his accounts and working to clawback control of properties he leases or operates. All these troubles raise the question of how long Trump the businessman can limp along before he must start shedding properties to cover his massive debts. Under ethics rules, presidents file annual personal financial disclosure statements every spring, but the newest numbers come from a termination report Trump was required to submit on his way out the door. It covers all of 2020 and the first 15 days of 2021. And it shows the drop-off in Trump’s business last year was enormous. According to the report filed last summer and covering 2019, the Trump Organization had at least $432.5 million in revenue (a slight decline from 2018). In 2020, his firm’s revenues slid precipitously to $277.6 million, a drop of at least 36 percent. That’s not his profits—just his revenues. The Trump Organization did not respond to a request for comment, but Eric Trump, the former president’s son who has helmed much of the Trump Organization’s operations while his father was gone, told the New York Timesthat the places where the most revenue was lost were properties shut down due to government mandates. He said the company’s cash flow was fine and debt load was low. The Trump Organization’s debt load may be manageable in relation to the overall value of the assets Trump owns, but Trump does have nearly half-billion dollars in debt coming due in the next several years—and few banks willing to deal with him. The huge hit to Trump’s 2020 revenues could weaken his standing for potential lenders he might approach for help refinancing his debt. Trump’s flagship properties appeared to be hardest hit, according to this latest financial disclosure. His Trump National Doral golf course lost the most money. It brought in $44.1 million in revenue in 2020, about $33 million less than in 2019. In his first financial disclosure as president, a report which covered 2016 and the early months of 2017, Trump reported Doral as having $115.8 million in revenue. Trump’s downtown DC luxury hotel, which opened days before he was elected in 2016 and became a de facto clubhouse for conservative Republican lawmakers, activists, and lobbyists trying to curry favor with the administration, was also devastated by the pandemic. In 2018 and 2019, the hotel listed $40 million in revenue—in 2020 it had $15.1 million. This is particularly worrisome for the former president. As the hotel’s revenues hit highs in 2018 and 2019, Trump said he was seeking to sell the property, but his real estate broker told potential buyers the hotel had an occupancy rate of about 57 percent—lower than competing hotels and, by the estimates of hotel industry experts, not enough to make it profitable. (After January 6, the real estate broker working with the Trump Organization on the hotel’s sale said it will no longer handle the potential deal.) Other hotels Trump owns or manages saw revenue fall steeply in 2020. Numbers were down for his hotels in Hawaii and Chicago, where this fall, a manager told investors that without a quick turnabout in the pandemic, “It’s going to be very, very tough to keep the boat afloat.” Trump’s investments in Scotland and Ireland have occupied an increasingly important place in Trump’s business empire, but they, too, were hit hard in 2020. By his own account, Trump has invested $400 million in his Scottish properties since 2006, and he has received approval to build a $200 million housing development around his course near Aberdeen, in northeastern Scotland—a potentially hugely lucrative expansion that if successful could be a huge cash boon for Trump. But for the time being, things look grim—grimmer than usual, given that none of his resorts in the British Isles have ever turned a profit. At the Turnberry resort, a legendary Scottish golf course Trump purchased in 2014 and has been rehabbing, Trump reported earning $25.6 million in 2019 (a high for the property under his ownership). In 2020, he reported $9.8 million in revenue. At his resort in Aberdeenshire, which he built from scratch starting in 2006, Trump listed a measly $1.4 million in revenue for all of 2020. In 2019, according to British corporate documents, his administrative expenses alone were $1.5 million. His Irish course, Doonbeg, which in 2019 was buoyed by a stay from Vice President Mike Pence and his entourage during a state visit to Ireland, had $4.4 million in revenue in 2020, less than a third of its 2019 number. Not all of Trump’s properties were slammed in 2020. His Mar-a-Lago resort, where he spent a great amount of time, held personal and political events, and hosted international leaders, increased its revenue in 2020 by $2.7 million. A handful of golf course properties and his Virginia winery either saw slight increases or only moderate declines. These particular revenue streams may not have collapsed because these properties rely on local customers who can drive to the property. His major hotels and resorts rely on well-heeled travelers coming from afar—a group which largely stayed grounded in 2020. Jan A. deRoos, a professor emeritus of hotel finance and real estate at Cornell University and longtime industry veteran, said Trump will need to take a hard look at his properties now that he’s out of office and make tough decisions about their viability. If a hotel property isn’t covering the basic expenses, he might have to give it up. “I’m going to guess he’s cash flow negative, and if you’re negative there then you have to make a decision—do you feed it and continue to pay the bank and property taxes, or do you just let everything go and let the lenders take possession,” deRoos says. “That’s a big strategic decision on how to proceed and what recovery looks like. If the recovery is V-shaped, you might feed it for a year, if it’s L-shaped you walk away, unless you like to just own things with your name on it.” But, deRoos explains, history indicates Trump never lets things go easily. “He has a reputation for holding onto stuff and playing hardball,” he says. “I wouldn’t put anything past him in terms of playing hardball, but I think people’s wiliness to not play hardball back is probably limited at this point in his career.”
Of course he should not have a business empire, healthy or not, to come back to in the first place, he should have divested all. He should have sold at the top, lol. Maybe we'll have to accept his business empire crumbling as a second best prize to an Emoluments impeachment.