Jon Rahm Gives Up £75m to Secure Exit From LIV Golf

Posted : 17 October 2026

Spanish golfer Jon Rahm has agreed to give up an estimated £75m in remaining contract payments to secure his exit from LIV Golf. The two-time major champion reached a separation agreement with the breakaway league after rejecting the proposed terms of its planned restructuring.

Rahm joined LIV Golf in December 2023 after leaving the PGA Tour in a deal reportedly worth more than $300m. However, the league's financial position deteriorated after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar backing, forcing LIV to file for Chapter 11 bankruptcy protection in the United States in September 2026.

Court documents listed Rahm as LIV's largest unsecured creditor when the bankruptcy process began. The league owed him approximately $7.47m in outstanding payments, while reports estimated that more than $100m remained on his long-term contract.

LIV has since explored a financial rescue plan backed by BC Partners Credit, which could provide up to $300m to support a proposed new version of the league known as LIV 2.0. The restructuring plan includes a potential player-ownership model as the organisation attempts to continue operating into 2027.

Rahm's representatives, however, made clear that he would not participate in the proposed new structure. His lawyer told the bankruptcy court that the terms were unacceptable, prompting negotiations over a formal separation agreement.

Under the agreement, Rahm will surrender his remaining financial claims against LIV in exchange for a clean break from his contractual obligations. He will regain his name, image and likeness rights, along with rights to his nickname, Rahmbo, and Legion XIII, the team he captained during his time in the league.

However, the agreement restricts his ability to use the Legion XIII identity to establish a team in TGL, the indoor golf competition launched by Tiger Woods and Rory McIlroy. The separation agreement also requires approval through the US bankruptcy process.

Rahm was LIV Golf's most prominent signing when he left the PGA Tour and went on to enjoy considerable success on the circuit. In August 2026, he secured his third consecutive individual season title, further strengthening his record as one of the league's leading players.

His departure also raises questions about his next competitive destination. Rahm previously declined the PGA Tour's return programme used by fellow major winner Brooks Koepka, who rejoined the tour under specific conditions.

In May 2026, Rahm reached an agreement with the DP World Tour that preserved his membership and eligibility for the 2027 Ryder Cup. The European circuit could provide a route back towards PGA Tour membership, although his precise playing plans remain to be established.

LIV Golf's future remains uncertain as it pursues financial restructuring and seeks commitments from players for its proposed next phase. Rahm's decision to relinquish a substantial sum underlines the scale of the changes facing the league following the loss of its principal financial backer.

Jon Rahm Gives Up £75m to Secure Exit From LIV Golf

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