The upcoming LIV Golf event in Chicago is crucial for the Saudi-backed tour. At this event, golf fans will witness the crowning of this year's Individual Championship. The event will take place at the Bolingbrook Golf Club from September 13-15.Ahead of the event, LIV Golf has revealed the 'Individual Champion ring,' which the winner shall receive. The ring revealed by the Saudi-backed tour is paired with a hidden ball marker and will be embossed with a QR code of the winning moment. This ring is made by Ben Baller and IF & Co.You can check out images of the Individual Champion ring below: View this post on Instagram Instagram PostThe two players who will be competing for the Individual Champion ring at LIV Golf Chicago are Legion XIII's Jon Rahm and Torque GC's Joaquin Niemann. While Rahm is currently in first place with 195.17 points, Neimann is closely following him in second place with 192.20.Tyrrell Hatton in third place has 143.49 points to his name. Hence, due to this vast gap between second and third place, it will be Rahm and Neimann who will be competing for the Individual Championship at LIV Golf Chicago.A look at the tee-off times and pairings for Round 1 of LIV Golf ChicagoThe 2024 LIV Golf Chicago will have a shotgun start. This means every golfer competing at the event will tee off at 12:15 PM ET on September 13th. Here is a look at the pairings for the round on Friday:Hole 1: Jon Rahm, Joaquin Niemann, Tyrrell HattonHole 2: Sergio Garcia, Louis Oosthuizen, Cameron SmithHole 3: Brooks Koepka, Dean Burmester, Bryson DeChambeauHole 4: Carlos Ortiz, Dustin Johnson, Marc LeishmanHole 5: Talor Gooch, Paul Casey, Abraham AncerHole 6: Richard Bland, Patrick Reed, Charl SchwartzelHole 7: Adrian Meronk, Matthew Wolff, Anirban LahiriHole 8: Charles Howell III, Kevin Na, Andy OgletreeHole 9: Thomas Pieters, Lee Westwood, Danny LeeHole 10: Eugenio Chacarra, Martin Kaymer, Caleb SurrattHole 11: Kieran Vincent, Anthony Kim, Hudson SwaffordHole 12: Phil Mickelson, Jinichiro Kozuma, lan PoulterHole 13: Matt Jones, Henrik Stenson, Mito PereiraHole 14: Lucas Herbert, Peter Uihlein, Sam HorsfieldHole 15: Jason Kokrak, Sebastian Muñoz, Brendan SteeleHole 16: David Puig, Cameron Tringale, Graeme McDowellHole 17: Harold Varner III, Pat Perez, Scott VincentHole 18 Branden Grace, Bubba Watson, Kalle SamoojaHow much will the winner of LIV Golf Chicago receive?The 2024 LIV Golf Chicago event will have a total prize purse of $25 million, out of which $20 million will be reserved for the players and $5 million will be for the teams. Here is a detailed look at how much each golfer will make for finishing at the following positions:1 - $4,000,0002 - $2,250,0003 - $1,500,0004 - $1,000,0005 - $800,0006 - $700,0007 - $600,0008 - $525,0009 - $442,50010 - $405,00011 - $380,00012 - $360,00013 - $340,00014 - $320,00015 - $300,00016 - $285,00017 - $270,00018 - $260,00019 - $250,00020 - $240,00021 - $230,00022 - $220,00023 - $210,00024 - $200,00025 - $195,00026 - $190,00027 - $185,00028 - $180,00029 - $175,00030 - $170,00031 - $165,00032 - $160,00033 - $155,00034 - $150,00035 - $148,00036 - $145,00037 - $143,00038 - $140,00039 - $138,00040 - $135,00041 - $133,00042 - $130,00043 - $128,00044 - $128,00045 - $125,00046 - $125,00047 - $123,00048 - $120,00049 - $60,00050 - $60,00051 - $60,00052 - $50,00053 - $50,00054 - $50,000