By Sam GreenwoodThe president of the Trump National Golf Club, Stephen A. Marpol, told CNBC last week that Trump’s $1 billion investment in the training institute has “lost some value” and he hopes to recoup some of the money.
MarPol said he believes Trump’s investment in training institute “was never the right thing to do,” adding that “you want to be investing money, but it’s not like the economy is dying.”
Marlpol told CNBC that he “never thought that [Trump] would do it.”
“I don’t know why he would do that,” MarPol added.
“He’s been saying it for so long.
I think he’s not going to do it again.”
MarrPol added that he expects Trump to use the investment as a way to raise more money for the Trump Organization.
“If he’s going to go for a new investment, he’s got to raise a lot of money,” MarPOL said.
“And that’s a really good investment to make.”
Trump did not respond to CNBC’s request for comment.
In response to the announcement that MarPol is leaving the Trump organization, a spokesman for the former president said MarPol “had an excellent career” and is “totally committed to the President.”