Jon Rahm to leave LIV Golf over unacceptable restructuring terms

Spanish golfer Jon Rahm will leave LIV Golf after rejecting the terms of the tour's proposed restructuring plan, his attorney revealed on Wednesday during a bankruptcy court hearing in New Jersey. His lawyer, John Beck, stated that the 31-year-old two-time major champion independently reviewed the terms for LIV 2.0 and determined that they were unacceptable, as reported by the BBC, the New York Post, Fox News, and the Irish Times. [1][2][3][4][6][8][10][11]

The decision follows LIV Golf's Chapter 11 bankruptcy filing in the United States in September after Saudi Arabia's Public Investment Fund withdrew its financial backing at the end of the 2026 season. According to the BBC and Fox News, the league is seeking new investors and has secured $300 million in potential financing from BC Partners Credit to try to move forward with its 2027 season, while players are attempting to rejoin the PGA Tour. [1][2][3][4][7]

Outlets offered differing details on Rahm's financial compensation under his original contract signed ahead of the 2024 season. The New York Post reported that Rahm is owed more than $300 million, while the Irish Times noted he is reported to be owed up to $150 million. The New York Post added that Rahm and LIV Golf are in advanced discussions for a consensual separation. [1][2][4][12]

LIV Golf was established as a professional men's golf tour, starting its initial Invitational Series in June 2022 before becoming the LIV Golf League in 2023. Backed by financial investment from Saudi Arabia, the tour offered large purses and guaranteed contracts to attract high-profile players. [13][14]

Rahm's exit comes as the Daily Mail reported that LIV Golf terminated the majority of its staff positions in August. The Irish Times and The Guardian reported that Rahm's departure is expected to trigger a wider exit of players from the circuit, including Tyrrell Hatton and Tom McKibbin. [4][5][7]