Jon Rahm to Depart LIV Golf Amid Unacceptable Terms for New League Structure
Golfer Jon Rahm has indicated he will not join the proposed LIV 2.0 structure due to unacceptable terms, according to his lawyer in a bankruptcy court hearing.
Golfer Jon Rahm intends to leave LIV Golf, citing unacceptable terms within the proposed structure for LIV 2.0, as stated by his lawyer during a bankruptcy court hearing.
The golf league filed for Chapter 11 bankruptcy protection in September after Saudi Arabian funding was withdrawn. It is now seeking up to $300 million in financing from BC Partners Credit to move forward with a potential 2027 season.
Rahm's lawyer, John Beck, informed the court that the 31-year-old Spaniard had independently reviewed the terms of LIV 2.0 and found them to be unacceptable. Discussions are reportedly underway between LIV and Rahm's representatives for a consensual separation agreement, with a resolution anticipated by a court hearing scheduled for November 5.
LIV participants are collectively owed at least $45 million. Documents filed in the bankruptcy proceedings indicate that Rahm holds one of the largest unsecured claims, listed at $7.5 million.
There is no obligation for players to sign on to LIV 2.0, irrespective of prior multi-year contracts. Rahm, who joined LIV Golf in December 2023 for a reported $300 million, has remained under his long-term contract. He also reached an agreement with the DP World Tour in May to maintain his membership and Ryder Cup eligibility. Rahm has won his last three LIV season titles, with the most recent occurring in August.