Can this man ever buy a piece of real estate without someone getting in his way?
Donald Trump has his eyes set on the historic Long Island Engineers Country Club to turn it into his latest venture, but not all the members of the 94-year-old club are happy about the deal.
More than 200 members have an equity ownership in the property, meaning they each have a say in whether the club should be sold or not. The 17-member board of directors unanimously voted to bring the estimated $10 million offer to $20 million deal before all their members for a vote expected next month.
But its the members wide vote that has everyone in an uproar. For one, the more veteran members of the club don't think the newer, younger members should have a say in the matter, leaving the decision up to the 122 "legacy" members.
"He wants to turn it into Trump National Golf Club Long Island," sniffed one source.
The Association for A Better Engineers (ABE), a group of the club's older members, had their lawyer express their concerns to the masses, saying:
"These people shouldn't be permitted to vote. The board proposes that they be permitted to do so. You can't let people who have no vested interest in the club vote. [The ABE members] want the club to remain an equity-owned club. Mr. Trump can promise gold fountains in the bathroom, gold waterfalls and perfectly cut blades of grass. It doesn't matter, we don't want it."
Maybe they don't, but according to The Donald, a lot of the other members do, and he's counting on them to help him get the job done. When asked to comment on the deal and its opposers, he responded:
"Those people are losers who don't want to see anything good happen. Those people aren't looking for quality, and probably won't be members for very long… [The deal] is going along very nicely. The members love the deal. The real question is whether or not I want to do the deal."
Ah, turning the tables on them, are U Trump? Well played!
Hopefully, a mutually beneficial deal can be drafted so everyone will be happy. Golf is suppose to be a peaceful sport, after all.
[Image via WENN.]
Tags: business deal, country club, donald trump, golf, real estate