Jon Rahm has agreed to a separation deal that secures his exit from LIV Golf by giving up a reported £75m still owed to him. The organization filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia’s Public Investment Fund withdrew its multibillion-dollar backing.
When the league filed for bankruptcy, the Spanish golfer was listed as its top unsecured creditor. Records showed £5.5m was owed to him exclusively for the remainder of the 2026 season. Reports indicate he is owed about £75m from the remainder of the £222m contract he signed when leaving the PGA Tour for LIV in December 2023. With $7.4m (£5.5m) owed to him for the rest of the 2026 season alone, spaniard Rahm was listed as the organisation’s top unsecured creditor when LIV filed for bankruptcy. LIV golfers are automatically banned for a year by the PGA Tour.
Although LIV secured a potential £222m in financing from BC Partners Credit to pursue a reboot dubbed ‘LIV 2.0’, Rahm considered the proposed terms unacceptable. He instead waived his entire financial claim to secure a complete economic walk-away from the organization. Despite LIV securing a possible $300m in financing from BC Partners Credit to try and move forward with ‘LIV 2.0’, Rahm has deemed the proposed terms are “unacceptable”.
As part of the departure, Rahm takes the rights to ‘Legion XIII’, the LIV team he previously captained. However, he is prohibited from using the name to form a team in TGL, the indoor high-tech golf league launched by Tiger Woods and Rory McIlroy.
Rahm was the highest-profile player to join the breakaway circuit. While other competitors like Brooks Koepka have returned to the PGA Tour following rule adjustments, Rahm remained under long-term contract until reaching this exit agreement. Some players, including Brooks Koepka, have since returned to the PGA Tour, which rewrote its rules in December to allow the five-time major winner to come back, subject to certain sanctions.
In May, he secured a deal with the DP World Tour to maintain his membership and stay eligible for the Ryder Cup. The DP World Tour provides a potential pathway to PGA Tour access, as the top 10 players on the European circuit earn membership. Rahm previously claimed he had no regrets about joining LIV and backed its organizers to build a sustainable product, having won his third straight LIV season title in August.
