Jon Rahm reaches agreement to end LIV tenure, walking away from as much as $100 Million
Yahoo Sports • • sports
Key Points:
- Jon Rahm has reached a separation agreement with LIV Golf, ending his role as a player and team captain while relinquishing up to $100 million in owed revenue to exit the tour.
- The agreement, pending U.S. Bankruptcy Court approval on November 5, includes Rahm forfeiting all equity interest in his LIV team but retaining rights to his name, image, and related branding.
- LIV Golf is currently in bankruptcy and attempting to relaunch as "LIV 2.0," but Rahm has rejected the new terms and will not participate in the revamped tour.
- Rahm's departure is a major setback for LIV, as he was one of its most prominent stars and largest unsecured creditors, significantly weakening the tour’s appeal to investors and players.
- Moving forward, Rahm is expected to pursue a return to the PGA Tour independently, with LIV Golf's future uncertain as it decides whether to continue operations or shut down.
