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Home»Investments»Carnoustie Golf Links launches £100m investment plan to bring back Open 
Investments

Carnoustie Golf Links launches £100m investment plan to bring back Open 

August 19, 20242 Mins Read


An iconic golf course has tabled a £100m investment plan in a bid to bring the Open Championship back to Tayside.

Chiefs at Carnoustie Links in Angus have launched a public consultation as new investors look to take over the running of the venue.

Without investment in the course’s hotel and surrounding facilities, it’s believed Carnoustie would struggle to host the historic tournament again.

Locals are now being asked to give their thoughts on potential changes – including who manages the golf course, which is currently owned by Angus Council.

The review has raised concern among local golfers about their ability to access the course, though the chief executive has reassured members they will have continued access.

“I think the main concern from locals is, is our golf going to become more expensive? Is it going to be less accessible,” said Malcolm Lowe, a member for around 50 years.

Malcolm Lowe, course memberSTV News
Malcolm Lowe, course member STV News

“But in order for it to be what they’re looking for, a big tourist attraction, I think it is a great idea.”

It’s proposed for Carnoustie Links to be run by the owners of the course’s hotel, which was sold to an investment group last year.

The man who currently oversees the course says tens of millions of pounds needs to be invested.

“There is a consortium investment group behind the scenes looking to fund the project,” said Michael Wells, chief executive at Carnoustie Golf Links.

Michael Wells, Carnoustie Golf Links Chief ExecutiveSTV News
Michael Wells, Carnoustie Golf Links Chief Executive STV News

“Importantly, what they’re looking to do is, first and foremost, secure local golf access for local people at a fair price and create an environment to invest as much as we can in the hotel and surrounding infrastructure.”

Carnoustie last hosted the Open in 2018. High street businesses are supporting the drive to see it return.

“We see a big build up. The set up and takedown is huge for us because there are a lot of contractors in town,” said bakery owner Mark Robb.

“Most of them come in and visit our shop. Also, the legacy that’s left after.

“I think it brings people who wouldn’t normally come back to the town, back in to have a closer look.”

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