At Mr. Trump’s Westchester club in the suburbs of New York — an area where Hillary Clinton outpolled Mr. Trump last November
— several members departed in the months after Mr. Trump entered the presidential race, current and former members said.
Trump will have the use of these funds for that period without cost.”
The Trumps have not disclosed how much money they collect in initiation fees, but
that same document shows that in 2004 — before the stepped-up expansion into golf — Mr. Trump said he had control of nearly $75 million in such fees.
Within the fragmented golf industry — largely composed of small nonprofit clubs owned by their members
and only a few publicly traded companies — the Trumps have far fewer courses than the industry’s biggest players, like the Dallas-based ClubCorp, which owns or manages over 200 courses and earned some $1 billion in revenue in its last fiscal year, according to IBISWorld, an industry research company.
Soon after Mr. Trump’s inauguration, a federal judge in Florida ordered his golf club in Jupiter, Fla., to pay $5.7
million for refusing to refund deposits to members who tried to resign from the club before the Trumps bought it.
Mr. Trump’s 16 golf resorts and clubs across the globe (and three more under development, in Indonesia
and Dubai) generated more than $320 million in revenue, Mr. Trump reported on his personal financial disclosure last year, which covers all of 2015 and nearly five months of 2016.
“The fact that we have a sitting president of the United States affiliated with the facility where a major championship is being played —
that is very good for golf and for this course,” said Ted Bishop, a former president of the P. G.A.
