While bids for the bankrupt Yellowstone ski club are not due for another month, individuals are creeping out of the woodwork to display their interest. Among them, Donald Trump is considering making a bid for the Yellowstone Club in Montana, the millionaires ski resort that went in to receivership earlier this year owing more than $300m to creditors.
The Wall Street Journal reports that Trump wants to expand his holdings to include the 13,500-acre private ski and golf community, billed as “the world’s only private ski and golf community.”
So far only the private-equity firm CrossHarbor has bid for the Club offering $100 million for the club, which has 340 members. Some of the members are reported to be angry at Cross Harbor’s bid as the firm unsuccessfully bid $460 million for Yellowstone a year ago, before its bankruptcy.
A CrossHarbor spokesman told the Wall Street Journal they expect it will take four years for the Club to regain its status and begin to grow again, if their bid is successful.
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