(03-21-2024, 06:08 PM)Sneakers Wrote:

(03-21-2024, 01:48 PM)mikesez Wrote: You said you didn't know what the ownership structure was.
And you never suggested what it might be.
If he can't sell it, does he really own it?  If he bought it, why can't he sell it? How does this magic conversion from "can be sold" to "can't be sold" take place?

There's no magic, it's simple asset protection.  Simply because you don't understand it, does not make it impossible, or even overly complicated.  

What do you want him to sell, golf courses?  Why do you assume the golf course owns the land?  I would expect each two LLCs for each course, one to hold the land, the other to run the business and lease the land from the first.  Add a third if there is a hotel on site.  If the course has a long-term lease for a very minimal payment, where is the immediate value in the land?  If the lease takes all the course profit and it's a break-even entity, where is the value to a buyer?  Does he have controlling interest in any of these entities, or do his descendants and/or business partners own more than 50%?  His last name on the sign doesn't make him the only owner, or even an owner at all.

For the nth time, until you know the ownership status, operating agreement and any associated contracts, of any legal entity he owns, in whole or in part, you have absolutely no way of knowing if he can sell or mortgage any of its assets.

(03-21-2024, 03:47 PM)The Real Marty Wrote: Trump is worth about 3 billion.  Almost all of that is real estate.  It is very hard to liquidate real estate at a fair price in a very short period of time.  So I understand why he can't raise $500 million or a billion, or whatever it is he needs to post this bond. 

Of course, it's also possible that the bonding companies don't trust him and don't want to deal with him. 

One thing I think he could do is declare bankruptcy in order to slow down the asset seizures the NT Attorney General wants to do.  It would throw a monkey wrench in the whole process.

But as far as selling Mar-A-Lago, even if he wanted to do that, it could take a long time for a buyer's attorneys to figure out whether anything can be done about the deed restrictions on that property.  With the deed restrictions in place, that property isn't worth much.  But if you can get those removed, you can unlock hundreds of millions in value.