Rahm Gives Up £75m to Exit LIV Golf — SkimNews
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- Jon Rahm waived a reported £75m ($100m) owed by LIV Golf to secure a 'complete economic walk-away,' rejecting proposed 'LIV 2.0' terms as 'unacceptable'
- LIV Golf filed for Chapter 11 bankruptcy in September after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar backing, though it secured a possible $300m in financing from BC Partners Credit
- Rahm was listed as LIV's top unsecured creditor when the league filed for bankruptcy, with $7.4m (£5.5m) owed for the remainder of 2026 alone under his original $300m (£222m) contract signed in December 2023
- As part of the separation, Rahm retains rights to his team name 'Legion XIII' but cannot use it to field a team in TGL, the indoor golf league launched by Tiger Woods and Rory McIlroy
- Rahm reached a deal with the DP World Tour in May to retain membership and stay eligible for next year's Ryder Cup, with the top 10 on the European circuit gaining PGA Tour membership
- Some players, including Brooks Koepka, have already returned to the PGA Tour after LIV rewrote its rules in December to allow five-time major winners back, subject to sanctions
Why it matters: Rahm was LIV's marquee 2023 signing and is now its top creditor walking out the door, stripping another asset from the league during bankruptcy. His preserved DP World Tour membership gives remaining LIV golfers a concrete path back to the PGA Tour — the same route Brooks Koepka has already taken.
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