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LIV Golf bankruptcy and restructuring

Jon Rahm has officially rejected the proposed terms for a restructured LIV Golf, signaling his departure from the breakaway circuit. The two-time major champion's legal team confirmed he will not participate in the league's 2027 relaunch.

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Illustration: Jon Rahm has officially rejected the proposed terms for LIV Golf's post-bankruptcy restructuring.From: Jon Rahm Exits LIV Golf After Rejecting Post-Bankruptcy Restructuring Terms

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Key numbers

52.5%
Proposed player equity in LIV 2.0
$300m
BC Partners restructuring commitment
$100m+
Future guarantees reportedly owed to Rahm

From: Jon Rahm Exits LIV Golf After Rejecting Post-Bankruptcy Restructuring Terms

Charts, maps and images

The proposed equity split for LIV 2.0 under the BC Partners restructuring agreement.From: Jon Rahm Exits LIV Golf After Rejecting Post-Bankruptcy Restructuring Terms ·
The proposed LIV 2.0 restructuring shifts away from guaranteed contracts toward player equity.From: Bryson DeChambeau Enters Free Agency as LIV Golf Restructures Under Bankruptcy ·
LIV Golf is seeking $350 million in private investment to replace its sovereign wealth funding.From: LIV Golf's Future in Doubt as Season Finale Faces Cancellation or Relocation ·
A series of cancellations and partnership losses have defined LIV Golf's turbulent 2026 season.From: LIV Golf's Future in Doubt as Season Finale Faces Cancellation or Relocation ·
Illustration: Rahm faces a mandatory 12-month suspension from the PGA Tour following his final LIV appearance.From: Jon Rahm Exits LIV Golf After Rejecting Post-Bankruptcy Restructuring Terms ·
DeChambeau has committed to play the Nedbank Golf Challenge in South Africa this December.From: Bryson DeChambeau Enters Free Agency as LIV Golf Restructures Under Bankruptcy ·
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Players are reportedly exploring pathways back to traditional tours as LIV's financial future remains unresolved.From: LIV Golf's Future in Doubt as Season Finale Faces Cancellation or Relocation ·

Timeline

October 2026

  1. Jon Rahm Exits LIV Golf After Rejecting Post-Bankruptcy Restructuring Terms

September 2026

  1. Bryson DeChambeau Enters Free Agency as LIV Golf Restructures Under Bankruptcy

July 2026

  1. LIV Golf's Future in Doubt as Season Finale Faces Cancellation or Relocation