AOL Money & Finance

Donald Trump's tour of Australia is a monumental flop

More

Australia's Herald-Sun reports that Donald Trump's first speaking tour of Australia is in "doubt after an Ipswich-based promotion company collapsed this week, leaving about 1500 ticket holders owed more than $1.5 million."

Ever the gentleman, Trump is reportedly refusing to return the more than $1.5 million he's already been paid and is even demanding more money. Malcom Quinn, the promoter behind the bankrupt firm that had booked The Donald, told The Sun that "He has provided no services for the moneys he has received and he has indicated to me in writing on two separate occasions that not only will he be keeping the funds he has received but expects to be paid the balance regardless of whether he does or doesn't come out here."

What went wrong? It turned out that Trump wasn't the draw Quinn had hoped he would be. Tickets costing up to $2500 have been available since June but only a quarter of the seats have been sold. Ouch!


Here's my theory about why so few people bought tickets to see The Donald: almost no one who has $2500 would be stupid enough to blow it on a meet and greet with a blowhard like Donald Trump.

But this saga also reveals a little bit more about Trump's true personality: Mr. Quinn mortgaged his house to book Donald Trump for the event and stands to lose nearly everything -- and Trump, who professes to be a billionaire, is holding out for more money for an event that didn't sell.

What a jerk!

Reader Comments (Page 1 of 8)

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 12, 2009: 05:03 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines