Jon Rahm plans to leave LIV Golf due to the ‘unacceptable’ terms for its relaunch.
Last month, the rebel tour begun proceedings to file for bankruptcy protection with at least £33million owed to players.
A Chapter 11 petition, which is intended to ‘preserve the company’s business as a going concern’, was filed in the United States after Saudi Arabia’s Public Investment Fund withdrew support at the end of the season having spent £3.7billion in four years.
While the likes of Sergio Garcia were successful in petitioning the court to lift the automatic stay on their contracts, effectively freeing them up to pursue other opportunities next year, Rahm was not afforded the same escape.
He is one of the two big LIV names, alongside American Bryson DeChambeau, and is reported to be owed up to £113m for the remainder of the contract he signed almost three years ago.
‘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,’ attorney John Beck told a bankruptcy hearing.
It has been reported too that Rahm and LIV are working to finalise a separation agreement by October 15.
The Spaniard withdrew from this week’s Open de Espana in Madrid in order to remain at home as wife Kelley is expecting their fourth child.
In May, the 31-year-old backed down in his dispute with the DP World Tour and paid around £2.21m in fines for playing in competing events, giving him conditional releases for 2026 and making him eligible for the Ryder Cup.
He previously opted not to take the PGA Tour’s offer of reinstatement via a specially drawn-up Returning Member Program created in January and applicable to only him, Cam Smith, DeChambeau and Brooks Koepka – the only player who accepted the offer.
As a result, Rahm would have to serve a mandatory one-year suspension, up until late August next year, before he could return to the American circuit.
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