New York City wants to fire former President Donald Trump’s company from running a city golf course in the Bronx, but the Trump family is demanding $30 million to break the deal, according to MarketWatch.
The outlet reported that the “abrupt firing was part of the backlash against Trump’s businesses over his role in whipping up the mob that attacked the Capitol on Jan. 6.”
But experts who have reviewed the city’s 566-page contract with the ex-president say kicking him off the course may not be so easy.
Trump’s son Eric sees the fight as nothing less than a stand against “cancel culture,” demanding a payout of more than $30 million from the city to get out of the deal in what could turn into a potentially costly legal battle dragging on for years.
“They can’t throw him out so easily,” says John Ray, a lawyer with experience in public contract disputes who noted that the Bronx deal gives the famously litigious Trump plenty of room to protest. ’’It protects his rights to stay there and run the place.”
In response to questions from The Associated Press, the city referred to legal filings insisting Trump’s actions leading up to the riot caused a “plain and irrefutable” breach of the contract and that the Trump Organization’s last day running the course will be Nov. 14.
MarketWatch noted that “The Trump Organization has been reeling after the Capitol riots, with the PGA of America canceling a tournament at one of his New Jersey courses, banks refusing to lend to him and brokers refusing to help find companies to fill retail and office space in his buildings.”
In addition, Trump also has big debt coming due in the near future, and prosecutors are poring over his tax returns.
But Trump likes a good fight. And anyone doubting that he can’t emerge victorious when he seems washed up should talk to junk bond investors and shareholders in his Atlantic City, New Jersey, casinos, who lost hundreds of millions as he drove them into bankruptcy several times starting in the early 1990s and yet managed to pull out an estimated $80 million for himself.
Image credit: Screengrab / The Trump Organization / YouTube