By GB News (World News) | Created at 2026-10-16 08:30:45 | Updated at 2026-10-16 09:03:17
34 minutes ago
Golfers guilty of misconduct to receive a two-shot penalty
|
GB NEWS
Jon Rahm has walked away from £75.5million in the remainder of his contract and is free to LIV Golf.
The 31-year-old Spaniard found the conditions attached to the revamped LIV 2.0 "unacceptable" and chose to sever ties with the breakaway league.
His departure follows Saudi Arabia's Public Investment Fund (PIF) decision to withdraw its financial support from the circuit after the 2026 campaign concludes.
Private equity firm BC Partners will step in as the tour's new backer, but Rahm will play no part in the restructured competition when it returns in 2027.
The two parties reached what has been described as a "consensual separation agreement," under which Rahm relinquishes all monetary and economic claims against the league.
Before this arrangement, the Spaniard was LIV's largest unsecured creditor, with £5.7m of his contract still owed after the organisation filed for bankruptcy last month.
In return for walking away from the substantial sum still due to him, Rahm is understood to regain full control over his name, image and likeness rights.
That includes reclaiming his popular "Rahmbo" moniker and the "Legion XIII" team brand under which he competed throughout his time on the tour.
The agreement awaits formal approval from US Bankruptcy Court of New Jersey Judge Michael B Kaplan, with a hearing scheduled for November 5.
Rahm originally signed with the Saudi-backed venture on a reported £258m deal, structured to be paid across several years.
The contract was among the most lucrative in the breakaway circuit's history.
Despite the turmoil surrounding the organisation, the Spaniard enjoyed considerable success on the course, claiming victory in each of the past three LIV seasons.
His competitive record made him one of the tour's most prominent figures throughout his tenure.
The bankruptcy filing in New Jersey has opened the door for other high-profile players to exit the tour, with Tyrrell Hatton among those able to conclude their involvement alongside Rahm.
Bryson DeChambeau's contract ran its course at the end of the 2026 season, and he is expected to sign on again in exchange for an equity stake in the reconstituted league.
Since its 2022 launch, the PIF-funded circuit has attracted elite talent such as Brooks Koepka and Dustin Johnson through nine-figure signing bonuses and tournaments boasting prize pools of up to £15.1m.
The unravelling began earlier this year when PIF withdrew, leading to multiple events being scrapped from the 2026 calendar.
You are about to be charged £0.00
