Friday, September 30, 2022

Not paying the bills?

Pretty much describes anything to do with Donald Trump.
A company that organized a lucrative series of post-White House paid speeches for former president Donald Trump is now struggling to pay vendors, investors and employees, angering Trump allies who supported the effort.

The American Freedom Tour, which struck a multimillion-dollar deal with Trump after he left office, has lost two top executives and canceled events in a number of locations as it has failed to pay its bills, according to people familiar with the activities and documents obtained by The Washington Post. Its founder and owner, who has a history of bankruptcy filings, recently sought bankruptcy protection again [for the fifth time].

[...]

The American Freedom Tour started last October, staging glitzy events around the country that resemble Trump rallies but sell tickets ranging from $55 to more than $4,000.

[...]

In July the company missed payroll, according to a note to staff from Forte. “We are experiencing some growing pains and all will be OK,” he said in the internal message reviewed by The Post. The spokesman said the company is currently paying its employees.

[...]

Some unpaid investors are preparing possible legal action, demanding full payment plus interest, according to a demand letter obtained by The Post. If the company doesn’t pay, the group wants Forte to step aside and give them control of the company, according to the letter. Otherwise, they said they will sue.

[...]

The group has promised events in a number of locales but canceled them before they began and appears to be banking on a large event at Mar-a-Lago in December to turn its financial position around.

[...]

[O]ne of the people involved who did get paid was Trump.

  WaPo
Oooh. Another surprise!
It’s not clear what [it] means for the tour’s advertised upcoming [December 1] black-tie gala at Mar-a-Lago, with tickets starting at $10,000 a couple to spend time with Trump. The event includes a poolside reception and a formal ballroom dinner. Dinner and a photo with Trump costs $40,000, and a private library meeting with Trump is so pricey that it’s only listed as: “INQUIRE BELOW.” The company declined to say how much Trump is being paid for the event.
All of it?

...but hey, do what you want...you will anyway.

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