The former president, Donald Trump, lately admitted he couldn’t find anyone willing to secure him a half-billion-dollar bond. Despite his legal team’s previous statements that he had over $400 million in cash, or indeed Trump’s own declaration in court that he had “substantially in excess of 400 million in cash” less than one year prior, the tone is changing. The team now says his wealth is bound up in luxurious real estate and no one will accept real estate as collateral. Trump’s admission that he can’t raise a bond opens the way for the New York Attorney General to begin seizing Trump’s most adored properties. But which seizure would annoy him the most?
One of the contenders is Trump’s cherished Trump National Golf Club in Bedminster or possibly the Trump Golf Links at Ferry Point. The Bedminster golf course is according to Golf Digest, Trump’s highest rated course but was not permitted to host the 2022 PGA Championship because of Trump’s demeanours. Alternatively, Ferry Point is designed by Jack Nicklaus – a trash dump veneered with prestige that seems quintessential of the Trump brand.
The choice also includes Trump Turnberry, which is a landmark coastal resort known worldwide, has a rich history and retains expansive views across some of the world’s most famous golf fairways. However, it remains to be seen whether the New York AG would go to the trouble of seeking assets abroad. Lastly, the Trump National Doral in Miami which, despite its decline due to being off the PGA calendar, was the venue for the G7 summit, offering world leaders an up close view of what an economy run by Donald Trump could look like.
Legal industry professionals, therefore, carefully observe these ongoing sagas. The eventual decisions taken will set a precedent for future cases around high-value seizures and might redefine the notions of asset liquidity in judicial scenarios.