There are two ways of doing this, naturally, or in PS.
The latter will involve selecting the arms and club, placing them onto a new layer and moving the rotation point. Copying the layer and using a mask for each one will allow you to blend the stages of swing. Of course, the disadvantage of doing this is illustrated in your image, which shows that elements such as the watch will be in view at one point, but not at the lower end of the swing. However, it will allow you to add a slight amount of motion blur without worrying about the background. I think you will need to depict some movement.
Going this naturally will be more accurate. Using a tripod, firmly locked, ask the golfer to stand in exactly the same position. Take loads of images using manual exposure / focus and select those which show the swing at equal intervals. Because the background will be static, you can the use a hide all layer mask (black) on each shot and then blend in using a white brush. Adding blur will be more difficult because you'll blur the background as well.
To get the best of both techniques, you'll need to use the natural technique and select the arms and club, as for the PS only technique.
Hope this helps.