{"id":884664,"date":"2026-10-16T19:02:13","date_gmt":"2026-10-16T19:02:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/884664\/"},"modified":"2026-10-16T19:02:13","modified_gmt":"2026-10-16T19:02:13","slug":"jon-rahm-sacrifices-75m-to-secure-exit-from-liv-tour","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/884664\/","title":{"rendered":"Jon Rahm sacrifices \u00a375m to secure exit from LIV tour"},"content":{"rendered":"

Jon Rahm will give up a reported \u00a375m owed to him by LIV Golf after reaching a separation agreement that will secure his exit from the league.<\/p>\n

The league filed for Chapter 11 bankruptcy protection<\/a> in the United States in September after Saudi Arabia’s Public Investment Fund withdrew its multibillion-dollar backing.<\/p>\n

Spaniard Rahm was listed as the organisation’s top unsecured creditor when LIV filed for bankruptcy, with $7.4m (\u00a35.5m) owed to him for the rest of the 2026 season alone.<\/p>\n

ESPN reported he is owed about $100m (\u00a375m), external<\/a> from the remainder of the $300m, (\u00a3222m) contract he signed when he left the PGA Tour for LIV Golf in December 2023.<\/p>\n

Despite LIV securing a possible $300m in financing<\/a> from BC Partners Credit to try and move forward with ‘LIV 2.0’, Rahm has deemed the proposed terms are “unacceptable”<\/a>.<\/p>\n

Instead, he has waived his entire claim in order to have a “complete economic walk-away”.<\/p>\n

However, he will take the rights to ‘Legion XIII’ – the name of the LIV team Rahm captained – although he will not be allowed to use it to make a team in TGL – the indoor high-tech golf league launched by Tiger Woods and Rory McIlroy.<\/p>\n

Rahm was the most high-profile name to join LIV<\/a> when he left the PGA Tour.<\/p>\n

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.<\/p>\n

Rahm did not follow suit and remained under long-term contract with LIV, but in May reached a deal with the DP World Tour – formerly the European Tour – to retain his membership and remain eligible for next year’s Ryder Cup.<\/p>\n

LIV golfers are automatically banned for a year by the PGA Tour. The DP World Tour offers a pathway because the leading 10 players on the European circuit currently gain access to PGA Tour membership.<\/p>\n

In August, former world number one Rahm won his third straight LIV season title.<\/p>\n

He previously said he had no regrets over joining LIV and backed organisers to make it sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"Jon Rahm will give up a reported \u00a375m owed to him by LIV Golf after reaching a separation…\n","protected":false},"author":2,"featured_media":884665,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[427,99],"class_list":["post-884664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-golf","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/884664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=884664"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/884664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/884665"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=884664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=884664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=884664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}