What changed
Jon Rahm is leaving LIV Golf after agreeing to waive a reported £75m owed under the remainder of his contract.
Rahm rejected the proposed terms for “LIV 2.0” and chose a complete financial walk-away instead. He keeps the Legion XIII name, but cannot use it to create a team in TGL.
Why it matters
This is a striking reversal for LIV’s biggest signing. Rahm joined in December 2023 on a reported $300m deal, then won his third consecutive LIV season title in August. Now he is giving up the money still attached to that contract to escape the league’s next phase.
LIV filed for Chapter 11 bankruptcy protection in September after Saudi Arabia’s Public Investment Fund withdrew its backing. BC Partners Credit has proposed up to $300m in financing, but Rahm judged the terms unacceptable. The reported £75m value of his waived claim has not been independently confirmed.
Rahm’s exit does not put him straight back into the PGA Tour. LIV golfers are automatically banned for a year, while his agreement with the DP World Tour keeps him eligible for next year’s Ryder Cup. That gives Rahm a route back into European golf without immediately restoring his PGA Tour status.
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