Jon Rahm walks away from about $100 million to leave LIV Golf
The story
Jon Rahm is leaving LIV Golf, and he is giving up a huge sum of money to do it. The Spaniard has reached a separation agreement with the league that sees him waive everything it still owes him, a figure reported at around $100 million, or about £75 million.
LIV filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia's Public Investment Fund pulled its backing. When it filed, Rahm was listed as its top unsecured creditor, owed $7.4 million for the rest of the 2026 season alone. The larger amount is what remained on the $300 million contract he signed when he left the PGA Tour in December 2023.
The league has lined up possible financing of up to $300 million from BC Partners Credit as it tries to rebuild. Rahm called the proposed terms unacceptable and chose instead to give up his whole claim so he could walk away with no financial ties. He keeps the rights to Legion XIII, the LIV team he captained, although he cannot use that name to start a team in TGL, the indoor league founded by Tiger Woods and Rory McIlroy.
Rahm was the biggest name to make the jump to LIV. Some players, including Brooks Koepka, have since gone back to the PGA Tour after it changed its rules in December. Rahm stayed under contract, but in May he struck a deal with the DP World Tour to keep his membership and stay eligible for next year's Ryder Cup.
That route matters because LIV players face an automatic one year ban from the PGA Tour, while the top 10 players on the European circuit earn PGA Tour membership. On the course, Rahm has kept winning. In August he took his third LIV season title in a row.
