What changed
Jon Rahm is set to leave LIV Golf after rejecting the proposed terms for “LIV 2.0” as unacceptable. His lawyer disclosed the decision at a US bankruptcy court hearing, while Rahm’s representatives and LIV discuss a separation agreement that they hope to finalise by 5 November.
LIV has possible $300m financing from BC Partners Credit after Saudi Arabia withdrew its multibillion-dollar backing. Players are owed at least $45m and can leave; discussions over new terms remain open until 25 October. Rahm’s unsecured creditor claim is $7.5m.
Why it matters
Rahm’s exit would remove LIV’s most high-profile signing just as the league tries to rebuild around bankruptcy protection and a possible 2027 season. He joined in December 2023 for a reported £222m ($300m), then won his third consecutive LIV season title in August. His decision shows that a large original deal does not guarantee acceptance of the next version of the league.
The immediate issue is contractual freedom. Players who once signed multi-year agreements are not required to join LIV 2.0, and Rahm’s separation is still being negotiated rather than completed. If the agreement is finalised, LIV will have to move ahead with new financing and restructuring while losing one of its central figures.
Comments
No comments yet.