Graeme McDowell receives $475,000 dividend from his golf promotions company

McDowell has been subjected to criticism concerning his decision to sign up to the controversial and lucrative new Saudi Arabia-backed LIV golf tour earlier this year. After speaking out on his reasons for joining earlier this year, the Portrush golfer commented at the JP McManus Pro-Am event in July that “in hindsight, I wish I had said nothing”.

On joining the LIV tour the 43-year-old said: “It’s financially a great opportunity for me and my family.” The cash pile at McDowell’s company increased marginally last year, rising by $99,139 to just under $3.4 million. The value of its investment properties increased by $2.4 million to $4.7 million as reconstruction continued on a holiday home owned by the 2010 US Open winner on the Abaco Golf Club estate on the island of Grand Abaco in the Bahamas. The holiday home was flattened by Hurricane Dorian in September 2019. The value of the reconstruction in 2021 was put at $2.4 million.

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