Jon Rahm will hand over a reported £75m owed to him by LIV Golf after reaching a separation settlement that may safe his exit from the league.
The league filed for Chapter 11 chapter safety in the US in September after Saudi Arabia’s Public Funding Fund withdrew its multibillion-dollar backing.
Spaniard Rahm was listed because the organisation’s high unsecured creditor when LIV filed for chapter, with $7.4m (£5.5m) owed to him for the remainder of the 2026 season alone.
ESPN reported he’s owed about $100m (£75m), exterior from the rest of the $300m, (£222m) contract he signed when he left the PGA Tour for LIV Golf in December 2023.
Regardless of LIV securing a potential $300m in financing from BC Companions Credit score to try to transfer ahead with ‘LIV 2.0’, Rahm has deemed the proposed phrases are “unacceptable”.
As a substitute, he has waived his whole declare with a purpose to have a “full financial walk-away”.
Nonetheless, he’ll take the rights to ‘Legion XIII’ – the identify of the LIV group Rahm captained – though he won’t be allowed to make use of it to make a group in TGL – the indoor high-tech golf league launched by Tiger Woods and Rory McIlroy.
Rahm was probably the most high-profile identify to hitch LIV when he left the PGA Tour.
Some gamers, together with Brooks Koepka, have since returned to the PGA Tour, which rewrote its guidelines in December to permit the five-time main winner to come back again, topic to sure sanctions.
Rahm didn’t observe swimsuit and remained below long-term contract with LIV, however in Could reached a cope with the DP World Tour – previously the European Tour – to retain his membership and stay eligible for subsequent yr’s Ryder Cup.
LIV golfers are mechanically banned for a yr by the PGA Tour. The DP World Tour affords a pathway as a result of the main 10 gamers on the European circuit presently acquire entry to PGA Tour membership.
In August, former world primary Rahm received his third straight LIV season title.
He beforehand stated he had no regrets over becoming a member of LIV and backed organisers to make it sustainable.