Rahm to Leave LIV Golf Over 'Unacceptable' Terms — SkimNews
Get the Sports newsletter
Daily sports — scores, transfers, the storylines from the leagues you actually follow. Free.
- Jon Rahm will leave LIV Golf after deeming the proposed LIV 2.0 terms 'unacceptable,' his lawyer John Beck told a bankruptcy court, and both sides are now in advanced discussions for a consensual separation agreement expected to be finalised at a 5 November hearing.
- LIV Golf filed for Chapter 11 bankruptcy protection in September after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar funding, and has secured a possible $300m investment from BC Partners Credit to try to move forward with the 2027 season.
- Rahm tops LIV Golf's list of unsecured creditors with a $7.5m (£5.5m) claim, and participants are collectively owed at least $45m (£33m); players have the option to leave, with the league securing an extension to discuss terms until 25 October.
- Sergio Garcia was granted a special arrangement during Wednesday's hearing in New Jersey allowing his contract to be 'terminated' and 'rejected,' and the former Masters champion said he hopes to be involved in next year's Ryder Cup as a player or vice-captain.
- Lawyers for Bryson DeChambeau and Cameron Smith also spoke at the hearing to seek clarity on whether contract rejection equates to termination and whether players can engage in discussions with third parties; LIV's counsel pushed the matter to a 14 October hearing.
- Saudi Arabia's Public Investment Fund is providing a $49.6m (£36.6m) 'debtor in possession' bankruptcy loan to help fund the reorganization process, even as the kingdom withdrew its broader multibillion-dollar backing for LIV.
- Ted Goldthorpe, head of BC Partners Credit, told BBC Sport he is 'confident' they will get the required number and calibre of players to sign up for LIV 2.0, saying the focus is now on signing players, business planning, event planning, and rehiring staff.
Why it matters: Rahm's exit strips the highest-profile remaining star from LIV as the league reorganizes under BC Partners, which now has until 25 October to sign enough players for a 2027 relaunch while owing participants at least $45m in unsecured claims.
Ask SkimNews
