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Jon Rahm will leave LIV Golf rather than participate in the league’s proposed second iteration, his attorney told a U.S. bankruptcy court on Oct. 7. The departure weakens LIV’s efforts to restructure and secure a proposed $300 million investment, though the terms of Rahm’s separation and his plans for 2027 remain unclear.
Jon Rahm is leaving LIV Golf and will not participate in the circuit’s proposed second iteration, his attorney said Wednesday during a U.S. bankruptcy court hearing. The departure removes one of LIV’s most prominent players as the league seeks to restructure and attract new financing after filing for Chapter 11 bankruptcy protection.
Rahm’s attorney, John Beck, told U.S. Bankruptcy Court Judge Michael B. Kaplan in New Jersey that Rahm had reviewed the terms proposed for LIV 2.0 and rejected them. Beck said Rahm and the league were working to finalize a separation agreement by Oct. 15. The details of that agreement have not been made public.
LIV Golf and related entities filed voluntarily for Chapter 11 protection on Sept. 8. Court records list the league’s assets at between $100 million and $500 million and its liabilities at between $500 million and $1 billion. Rahm is listed among creditors with major unsecured claims; court records show $7.5 million in past-due payments to him. That figure covers amounts owed through the bankruptcy filing, not any later obligations. The report says Rahm is believed to be owed more than $100 million overall, but that amount was not established by the listed past-due claim.
LIV filed a restructuring support agreement on Monday that proposes a $300 million investment from BC Partners, contingent on conditions being met. One condition calls for new player agreements consistent with the LIV 2.0 business plan, including agreements with players required by BC Partners. The league has extended the deadline for current golfers to commit to Oct. 25. It is not clear which players must sign for the investment to proceed.
Rahm’s Exit Tests LIV’s Restart
Rahm’s departure is a serious setback for LIV’s attempt to continue in a smaller form. He is a two-time major champion and one of the most accomplished and recognizable players to leave the PGA Tour for the Saudi-backed circuit. His signing in 2023, while he was the reigning Masters champion, was widely viewed as a major acquisition for LIV.
Rahm also delivered results on the circuit: he won four LIV events and was its season-long individual champion in each of the past three seasons. Losing a player with that profile may make it harder for the league to present LIV 2.0 as a viable competition and meet the conditions attached to its proposed financing. But the available information does not establish that his exit alone would prevent the investment or restructuring from going ahead.
The consequences also extend to Rahm’s own competitive future. He has not said where he expects to play in 2027. A return to the PGA Tour is not automatic: the tour’s CEO said in September that there were no current plans to restore its Returning Member Program. Rahm remains a member of the DP World Tour, following a resolution of his dispute with the European circuit in May.
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From LIV Signing to Bankruptcy
Rahm joined LIV Golf in December 2023. His reported multiyear contract was worth more than $300 million, although that reported value is not the same as a confirmed amount owed under the contract. In May 2026, Rahm said he had several years remaining and did not see many ways out of the agreement. LIV’s bankruptcy filing later changed the circumstances around the league and its player contracts, but the precise legal effect on Rahm’s deal has not been detailed publicly.
LIV CEO Scott O’Neil has described the proposed second iteration as a 10-tournament league with smaller purses. The court records also say that Sergio Garcia, a LIV captain and 2017 Masters champion, has been released from his contract. Those developments come as the league tries to reorganize its finances and secure commitments from players while operating under bankruptcy proceedings.
““Mr. Rahm has independently reviewed the proposed terms of LIV 2.0 and has determined that those terms are unacceptable to him, and he will not be participating going forward in LIV 2.0.””
— John Beck, Jon Rahm’s attorney, speaking in bankruptcy court
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Contract and Playing Plans Remain Open
The terms and completion date of Rahm’s separation agreement remain unconfirmed; Beck said the parties were working toward Oct. 15. It is also unclear what payments, if any, Rahm will receive after leaving, and how the bankruptcy process will affect amounts beyond the $7.5 million past-due claim listed in court records.
Rahm has not announced where he will compete in 2027. The PGA Tour has said it has no current plan to reinstate its Returning Member Program, while Rahm is a DP World Tour member. The status of any route back to the PGA Tour, and any conditions that might apply, remains unsettled.
For LIV, the proposed BC Partners investment is conditional. The court filing does not identify the players whose agreements are required, and the league has not publicly confirmed whether it can meet those conditions after Rahm’s decision. The restructuring’s final terms and the league’s longer-term schedule also remain subject to the bankruptcy process.
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Court Deadlines Shape LIV’s Next Move
The immediate milestones are the expected effort to finalize Rahm’s separation by Oct. 15 and the extended Oct. 25 deadline for current LIV golfers to commit to the proposed second iteration. The league and BC Partners will need to satisfy the conditions in their restructuring support agreement for the proposed $300 million investment to proceed.
Further court filings or hearings may clarify the financing, player commitments and treatment of creditor claims. Rahm’s next competitive destination has not been announced, so his 2027 schedule will depend on future decisions and any eligibility arrangements with golf tours.
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Key Questions
Has Jon Rahm confirmed he is leaving LIV Golf?
His attorney confirmed in bankruptcy court on Oct. 7 that Rahm will not participate in LIV 2.0. The parties were working toward a separation agreement, which Beck said they aimed to finalize by Oct. 15.
Why is Rahm’s departure significant for LIV Golf?
Rahm is a two-time major champion, a four-time LIV event winner and the circuit’s individual champion for the past three seasons. His exit removes one of LIV’s leading players while it seeks to restructure and secure new investment.
How much does LIV Golf owe Rahm?
Court records list $7.5 million in past-due payments to Rahm as of the bankruptcy filing. That amount does not cover obligations after the filing date. A report says he is believed to be owed more than $100 million overall, but the court-listed claim does not confirm that total.
Will Rahm return to the PGA Tour?
That has not been announced. PGA Tour CEO Brian Rolapp said in September that the tour had no current plans to restore its Returning Member Program. Rahm remains a DP World Tour member, but his 2027 playing plans are unclear.
Is LIV Golf’s proposed $300 million investment secured?
No. LIV’s restructuring filing describes a proposed investment from BC Partners that depends on conditions, including specified new player agreements. The league has not publicly identified all required players or confirmed that the conditions have been met.
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