Rahm sacrifices £75m to secure exit from LIV Golf
Jon Rahm sacrifices a reported $100m (£75m) still owed to him by LIV Golf to secure his exit from the league.
Jon Rahm, the renowned golfer, will forfeit £75 million in compensation owed to him by LIV Golf as part of a separation agreement to exit the league. LIV Golf filed for Chapter 11 bankruptcy protection in the United States following the Saudi Public Investment Fund's withdrawal of its substantial support. As the top unsecured creditor, Rahm was owed £5.5 million for the rest of the 2026 season alone, with a total of £100 million owed from his initial £300 million contract after leaving the PGA Tour.
Despite LIV securing potential financing of £300 million through BC Partners Credit for their LIV 2.0 initiative, Rahm found the proposed terms unacceptable. Consequently, he waived his entire claim to achieve a clean economic exit. However, he retains the rights to Legion XIII, the LIV team he captained, though he will not be permitted to utilize the name for a team in the Tiger Woods and Rory McIlroy-led indoor high-tech golf league, TGL.
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