Jon Rahm shocked the golf world nearly three years ago when, after publicly dismissing the league, he joined it on a deal that was rumored to be between $300 and $600 million.This page may contain affiliate links to legal sports betting partners.If you sign up or place a wager, FOX News may be compensated.
This content was created by a team that works independently from the FOX newsroom.But at Wednesday's bankruptcy hearing, Rahm's attorneys stated that he will not be part of what has been dubbed "LIV 2.0."CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMJon Rahm of Legion XIII watches his drive on the eighth hole during day four of LIV Golf Indianapolis at The Club at Chatham Hills on August 23, 2026 in Westfield, Ind.(Photo by Michael Miller/ISI Photos/ISI Photos via Getty Images) (Michael Miller/ISI Photos/ISI Photos via Getty Images)Rahm "has independently reviewed the proposed terms of LIV 2.0 ...
and has determined that those terms are unacceptable to him, and he will be not be participating going forward," according to Front Office Sports.The PIF halted funding in April to redirect money toward domestic projects and manage financial pressures from the regional war with Iran.Following the decision, PIF governor Yasir Al-Rumayyan resigned from LIV’s board.LIV filed for Chapter 11 bankruptcy in New Jersey last month.
Between 2021 and 2026, LIV spent an estimated $5 billion to $8 billion.Bankruptcy filings show the league owes millions of dollars in unpaid compensation to top players, including Rahm, Bryson DeChambeau, Dustin Johnson and Cam Smith.Rahm is reportedly owed more than $7 million and was "more than willing to fulfill" the details of his original contract.PIF provided $50 million to help LIV pay its bills and continue operating during the bankruptcy case.
The league’s future depends on a proposed restructuring plan called "LIV 2.0."Jon Rahm of Spain plays a shot during a practice round, prior to the Amgen Irish Open at Trump International Golf...