Rahm Gives Up £75m to Exit LIV Golf — SkimNews
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- Jon Rahm waives roughly £75m ($100m) owed by LIV Golf to secure a "complete economic walk-away" exit from the league
- Rahm was listed as LIV's top unsecured creditor at $7.4m (£5.5m) still owed for the remainder of 2026 alone when the league filed for Chapter 11 in September
- LIV Golf filed for Chapter 11 after Saudi Arabia's Public Investment Fund withdrew multibillion-dollar backing; Rahm rejected terms attached to a possible $300m BC Partners Credit financing for "LIV 2.0" as "unacceptable"
- Rahm retains rights to his "Legion XIII" team name but is barred from using it to form a team in TGL, the indoor league launched by Tiger Woods and Rory McIlroy
- Rahm was LIV's highest-profile signing when he left the PGA Tour in December 2023 on a $300m (£222m) contract; a May deal with the DP World Tour keeps him eligible for next year's Ryder Cup
Why it matters: Rahm gives up roughly $100m to escape a league now in bankruptcy — PIF pulled its backing and the BC Partners Credit lifeline came with terms he called unacceptable. His separate May deal with the DP World Tour preserves Ryder Cup eligibility regardless of what happens to LIV 2.0.
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