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Professional golfer and two-time major champion Bryson DeChambeau‘s unorthodox approach to golf has earned him the nickname “The Mad Scientist.” However, the real estate project DeChambeau has invested his golf earnings in might be the clearest example of his penchant for thinking outside the box.
DeChambeau is one of a group of professional golfers who left the PGA Tour to play LIV Golf. LIV is a Saudi-backed professional golf league that intends to rival the PGA Tour. Part of that effort included paying established PGA Tour players like DeChambeau massive bonuses to switch leagues. Golf magazine reports that LIV paid DeChambeau $125 million to come aboard. Despite that massive payday, DeChambeau likes to quip that he’s “broke.”
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That’s not because he spent all his money on expensive cars and fancy houses. DeChambeau is committed to helping grow the game, and he’s willing to put his LIV earnings at risk to accomplish his mission. He has used a significant portion of his earnings to buy real estate in his hometown of Clovis, California. DeChambeau intends to build a massive golf complex that will attract new players to the game and put Clovis on the map.
“You build a community around a multisport complex center,” he told Golf. “It’s going to take 12-15 months to get the permits approved for the full scope. It’s over 200 acres of land that we have right now. It’s going to be a multisport complex center — driving range, golf course, residential, community center, the whole thing.” He told Golf magazine that he believes having all these facilities in one central location is key to his project.
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“Making it economically viable and more accessible are two massive things,” DeChambeau told Golf magazine. “I’ve got a strategy right now that I’m implementing that people have heard. It’s a strategy that essentially brings people from off the street, to the driving range, to lessons, and then to the golf course. “You have to have it at one place. At a community center, where it is easily accessible and easily affordable.”
DeChambeau calls his plan a “mega-project,” and he told Golf magazine he’s been busily working on completing it for the past several years. We have acquired massive amounts of land in my hometown, and it is a three-phase process to build a whole community and increase the size of where I grew up by 30 %,” he said. “It’s a full-scale plan fully throughout [with] county, state, state assemblyman, city officials, [and] mayor.”
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Golf magazine also notes DeChambeau is working on obtaining a conditional use permit that would allow students in the Clovis Unified School District to use the facility. If that happens, it will be one of the most unique public golf facilities in the country. It’s a massive undertaking, and DeChambeau knows it wouldn’t be possible without the LIV money.
“A lot of the reason why I have been able to do this is because of LIV,” DeChambeau said. “They gave me the economic viability to do these things and the platform to be able to do it.” The entire project is a massive undertaking, but it’s also “on-brand” for DeChambeau. This is, after all, a man who won two majors playing with a set of irons that are all the same length.
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This article Golfer Bryson DeChambeau’s Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours originally appeared on Benzinga.com