Jon Rahm will leave LIV Golf after finding the terms proposed for LIV 2.0 “unacceptable,” his lawyer said during a bankruptcy court hearing.
The league, which filed for Chapter 11 bankruptcy in the United States in September after Saudi Arabia withdrew its multibillion-dollar financing, has secured a possible $300 million in financing from BC Partners Credit to try to move forward with the 2027 season.
Rahm’s lawyer, John Beck, said during the hearing that the 31-year-old Spaniard “independently reviewed the conditions of LIV 2.0 and determined that these conditions were unacceptable to him.”
It was later stated that representatives of LIV and Rahm were “in advanced discussions for a consensual separation agreement between Mr. Rahm and LIV.”
It is hoped that this matter will be finalized at a court hearing on November 5.
LIV participants are owed at least $45 million (£33 million) and have the option to leave.
However, the deal secures an extension for the league to discuss terms with its players, with negotiations now open until October 25.
Documents outlining money owed to LIV Golf creditors with the 30 largest unsecured claims show Rahm, a two-time major winner, tops the list with an unsecured claim of $7.5m (£5.5m).
BBC Sport understands that players are under no obligation to register for LIV 2.0, whether or not they have already signed multi-year contracts with LIV Golf.
Spaniard Rahm was arguably the highest-profile name to join LIV when he left the PGA Tour in December 2023 in a deal worth £222 million ($300 million).
Some players, including Brooks Koepka, have since returned to the PGA Tour, which rewrote its rules in December to allow the five-time major winner to return, subject to certain sanctions.
Rahm did not follow suit and remained under long-term contract with LIV, but in May reached an agreement with the DP World Tour – formerly European Tour – to retain his membership and remain eligible for next year’s Ryder Cup.
In August, the former world number one won his third consecutive LIV season title.
He previously said he had no regrets about joining LIV and supporting the organizers to make it sustainable.
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