Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Golf-Schwartzel wins LIV opener to pocket $4 million jackpot

Published 06/11/2022, 05:58 PM
Updated 06/11/2022, 06:00 PM
© Reuters. June 11, 2022; St. Albans, UK;  Charl Schwartzel celebrates after winning the inaugural LIV golf invitational golf tournament at the Centurion Club. Mandatory Credit: Paul Childs-Action Images/Reuters via USA TODAY Sports

ST ALBANS (Reuters) -South Africa's Charl Schwartzel held off compatriot Hennie Du Plessis to claim the biggest pay cheque in golf history at the opening event of the LIV Invitational Series on Saturday.

The 37-year-old led by three strokes going into the third and final round at the Centurion course north of London, and consolidated with a round of 72 to seal the $4 million prize.

Schwartzel, whose previous highest pay cheque was the $1.4 million he scooped for winning the 2011 Masters, ended up on seven-under with Du Plessis finishing one stroke back. Another South African, Branden Grace, finished third on five under.

All three were playing for the Stingers team who easily won the team element of the new series.

"You know, it's a relief," Schwartzel, who also picked up an added $750,000 for being part of the winning team, said.

"I had it in my hands but I made it a bit more difficult than it should have been. Never in my wildest dreams did I ever think we could play for that much money in golf."

Schwartzel's victory ended a tumultuous launch week for the breakaway circuit which is backed to the tune of $250 million by Saudi Arabia's Public Investment Fund (PIF).

Organisers will point to decent-sized crowds, plenty of glitz and the presence of big names including six-time major champion Phil Mickelson, Dustin Johnson and Sergio Garcia.

But the first of eight events has been as much about a developing power struggle off the course and accusations of Saudi 'sportswashing' and greed as the action on it.

"All I can say is that the evolution of golf has arrived," LIV Golf CEO Greg Norman, who tried to set up a new world tour in the 1990s, said at the presentation ceremony.

"For 27 years there have been a lot of obstacles put in our path, a lot of dreams have tried to be squashed but they couldn't squash us."

On Thursday the PGA Tour announced it had suspended players taking part in the LIV series -- a move LIV organisers described as vindictive and which could lead to a legal battle.

The PGA suspension and the prospect of being ineligible for the Ryder Cup has not stopped more players turning their back on the PGA Tour with big-hitting major champion Bryson DeChambeau joining the party on Friday and fellow American Patrick Reed following suit on Saturday.

Both will make their debuts at the second event of the series in Portland, Oregon later this month.

© Reuters. June 11, 2022; St. Albans, UK;  Charl Schwartzel celebrates after winning the inaugural LIV golf invitational golf tournament at the Centurion Club. Mandatory Credit: Paul Childs-Action Images/Reuters via USA TODAY Sports

"I'm super excited," the 31-year-old Reed told the streamed coverage of the final day on YouTube which attracted 100,000 viewers at its peak.

"Being part of the evolution and change in golf is unbelievable. Portland can't get here soon enough."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.