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Jon Rahm is leaving LIV Golf after reviewing its proposed new terms, which he found unacceptable. His attorney John Beck revealed this at a bankruptcy hearing on Wednesday, where other players also sought help to terminate their contracts due to unpaid claims. Rahm had the largest unsecured claim among players at $7.5 million and was one of LIV's biggest stars since joining in late 2023. LIV Golf is currently restructuring and seeking court approval for up to $300 million in funding from BC Partners to support its next phase, where players would become equity owners.
Written locally by qwen2.5:14b on 2026-10-07,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Jon Rahm, a two-time major champion and former world No.1 golfer, will leave LIV Golf after deeming the terms for its restructuring phase, called "LIV 2.0," as unacceptable. Rahm's lawyer, John Beck, made this announcement during a bankruptcy court hearing in New Jersey on Wednesday. The league filed for Chapter 11 bankruptcy protection in September due to Saudi Arabia’s Public Investment Fund (PIF) withdrawing its multibillion-dollar funding after the conclusion of the 2026 season. Rahm was one of LIV Golf's most high-profile signings when he left PGA Tour in December 2023 for a reported £222 million ($300 million). The league has secured possible $300 million financing from BC Partners Credit to move forward with the 2027 season. Rahm and LIV Golf are currently in advanced discussions to finalize a consensual separation agreement by October 15, which will be heard by a court on November 5.
Written for “Rahm Leaves LIV Golf” on 2026-10-07,
grounded in this article and the 2 other(s) covering the same event.
Former world No.1 Jon Rahm is quitting LIV Golf, robbing the breakaway circuit of one of its biggest stars while it fights to emerge from Chapter 11 bankruptcy.
asserted
it → quit → bankruptcy
Rahm’s attorney John Beck told a bankruptcy hearing on Wednesday that the two-time major champion made his decision after looking over details of LIV Golf’s planned next phase.
asserted
champion → tell → phase
“Mr Rahm has independently reviewed the proposed terms of LIV 2.0, as the parties have been referring to it, and has determined that those terms are unacceptable as to him, and he will not be participating going forward in LIV 2.0,” Beck told the court.
asserted
Beck → review → court
Other golfers asked a US bankruptcy judge to help terminate their contracts and clarify their ability to negotiate with other tournament organisers and sponsors as their LIV contracts go unpaid.
asserted
contracts → ask → organisers
LIV has already agreed to terminate Sergio Garcia’s contract after determining that the league would not honour its terms, and attorneys for Bryson DeChambeau, Cameron Smith, An Byeong-hun, Marc Leishman, Cameron Tringale and Matthew Wolff asked the judge to allow those players out of their old contracts.
asserted
attorneys → agree → contracts
Ending those contracts would not preclude those players from agreeing to participate in LIV 2.0.
asserted
Ending → end → LIV
According to sources with knowledge of league operations, conversations with players regarding their participation in LIV Golf 2.0 remain on track, and statements made in court today do not change the trajectory, timeline or momentum of the transaction.
uncertain
statements → accord → transaction
Rahm, one of the most high-profile players to join LIV Golf, has won three consecutive season-long individual titles on LIV since joining the circuit in late 2023, eight months after winning the Masters for his second major title.
asserted
Rahm → join → title
When LIV Golf filed for Chapter 11 protection in New Jersey last month, its filing listed several star golfers as creditors still owed millions in unsecured claims.
uncertain
filing → file → claims
Among them, Rahm had the largest claim among players at $7.5 million.
uncertain
Rahm → have → million
Earlier this week LIV secured funding from BC Partners to help it emerge from restructuring and strengthen its financial footing ahead of the 2027 season.
asserted
it → secure → season
The financing, up to $300 million, remains subject to bankruptcy court approval and customary conditions.
asserted
financing → remain → approval
BC Partners Credit, which provides financing to middle-market companies, said the funding would support what it described as the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.
asserted
players → provide → league
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