Jon Rahm to quit LIV Golf over 'unacceptable' terms
Jon Rahm is quitting LIV Golf after deeming the proposed terms for LIV 2.0 "unacceptable", depriving the breakaway circuit of one of its biggest stars as it attempts to emerge from Chapter 11 bankruptcy and reshape its future. Rahm’s attorney, John Beck, told a US bankruptcy court hearing on Wednesday that the two-time major champion had reviewed details of LIV’s proposed next phase but had…
World No. 1 golfer Jon Rahm is quitting LIV Golf due to the unappealing terms of LIV 2.0, dealing a significant blow to the struggling circuit as it navigates Chapter 11 bankruptcy. His attorney, John Beck, informed a US bankruptcy court that after reviewing LIV’s proposed next phase, Rahm determined the terms were unacceptable.
The two-time major champion joined LIV in late 2023 after winning the Masters. Rahm's departure is a major loss for the league, already facing its biggest financial crisis since its inception in 2022. Saudi Arabia's Public Investment Fund, which backed LIV with over $5 billion, ended its financial support after the 2026 season. LIV has since laid off most of its workforce and filed for Chapter 11 protection in September.
The bankruptcy filing listed high-profile players, including Rahm, among creditors with millions in unsecured claims. Other players, like Bryson DeChambeau and Cameron Smith, are also seeking to terminate their LIV contracts. LIV secured up to $300 million in financing from BC Partners, but Rahm's exit leaves the league without a prominent star as it strives to emerge from restructuring and prepare for the 2027 season.
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