Rahm sacrifices £75m to secure exit from LIV Golf
Summary
Golfer Jon Rahm has agreed to leave LIV Golf by giving up about £75 million that LIV owed him. He canceled his remaining contract money to end his ties with the league after it faced financial trouble and bankruptcy.Key Facts
- LIV Golf filed for bankruptcy in the U.S. after losing financial support from Saudi Arabia's Public Investment Fund.
- Jon Rahm was LIV Golf's top unpaid creditor, owed about $100 million (£75 million) outside the rest of his original £222 million contract.
- Rahm rejected LIV Golf's new contract offer and chose to walk away without any more money.
- He keeps the rights to "Legion XIII," the LIV team he led, but cannot use the name to create a team in the new TGL indoor golf league.
- Rahm left the PGA Tour in December 2023 to join LIV Golf but remained under contract with LIV until this recent deal.
- Some LIV players, like Brooks Koepka, returned to the PGA Tour after new rules allowed it, but Rahm did not.
- Rahm has membership with the DP World Tour, which helps maintain his eligibility for events like the Ryder Cup.
- He recently won his third LIV season title in a row before deciding to exit the league.
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