Jon Rahm gives up reported £75m to leave LIV Golf

Jon Rahm has agreed to give up a reported £75m owed under his LIV Golf contract in return for a separation agreement that will allow him to leave the league.

The Spaniard was listed as LIV’s largest unsecured creditor when it filed for Chapter 11 bankruptcy protection in the US in September, after Saudi Arabia’s Public Investment Fund withdrew its financial backing. The filing listed $7.4m (£5.5m) due to Rahm for the remainder of the 2026 season. ESPN has reported he was owed about $100m (£75m) from the remaining value of the contract he signed after leaving the PGA Tour in December 2023. [1]

Rahm had called LIV’s proposed terms for continuing under a planned “LIV 2.0” unacceptable. The league has secured the possibility of $300m in financing from BC Partners Credit, but Rahm has waived his entire claim to secure what he described as a “complete economic walk-away”. [1]

He will retain the rights to Legion XIII, the team he captained in LIV, but cannot use the name to create a team in TGL, the indoor golf league launched by Tiger Woods and Rory McIlroy. [1]

Rahm was LIV’s most prominent signing when he left the PGA Tour. He has not followed players such as Brooks Koepka back to the PGA Tour, which changed its rules to allow Koepka to return subject to sanctions. In May, Rahm reached an agreement with the DP World Tour to retain his membership and remain eligible for next year’s Ryder Cup. [1]

He won his third consecutive LIV season title in August and had previously said he did not regret joining the league. [1]