terms

‘Rahm has reviewed the proposed terms of LIV 2.0 and has determined that they are unacceptable,’ his lawyer said.

Former world number one Jon Rahm has said he is quitting LIV Golf, robbing ⁠the breakaway circuit of ⁠one of its biggest stars while it fights to emerge from bankruptcy.

Rahm’s lawyer 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.

“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.

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.

LIV has already agreed to terminate Sergio Garcia’s contract after determining that the league would not honour its terms, and lawyers 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.

Ending those contracts would not preclude those players from agreeing to participate in LIV 2.0.

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.

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. Among them, Rahm had the largest claim among players at $7.5m.

Earlier this week, LIV secured funding from BC Partners to help it emerge from restructuring and strengthen its financial footing before the 2027 ‌season. The financing, up to $300m, remains subject to bankruptcy court approval and customary conditions.

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 the league and its teams.

Jon Rahm will leave LIV Golf after deeming the proposed terms for LIV 2.0 “unacceptable”, his lawyer has told a bankruptcy court hearing.

The league, which filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, has secured a possible $300m in financing from BC Partners Credit in order to try to move forward with the 2027 season.

Rahm’s lawyer, John Beck, told the hearing the 31-year-old Spaniard “independently reviewed the terms of LIV 2.0 and determined those terms are unacceptable as to him”.

It was later said that LIV and Rahm’s representatives are “in advanced discussions for a consensual separation agreement between Mr Rahm and LIV”.

It is hoped this will be finalised by a court hearing on 5 November.

LIV’s participants are owed at least $45m (£33m) and have the option to leave.

However, the agreement secures an extension for the league to discuss terms with its players, with talks now open until 25 October.

Documents outlining the money owed to LIV Golf’s creditors, with the 30 largest unsecured claims, show that two-time major winner Rahm tops the list with an unsecured claim of $7.5m (£5.5m).

BBC Sport understands there is no obligation on players to sign on to LIV 2.0, regardless of whether they had previously signed multi-year contracts with LIV Golf.

Spain’s Rahm was arguably the most high-profile name to join LIV when he left the PGA Tour in December 2023 for a deal worth a reported £222m ($300m).

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 come back, subject to certain sanctions.

Rahm did not follow suit and remained under long-term contract with LIV, but in May reached a deal with the DP World Tour – formerly the 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 straight LIV season title.

He has previously said he had no regrets over joining LIV and backed organisers to make it sustainable.

Chapter 11 protection postpones a US company’s obligations to its creditors, giving it time to reorganise its debts or sell parts of the business.

Saudi Arabia’s Public Investment Fund (PIF) is providing a bankruptcy loan of $49.6m (£36.6m) – called ‘debtor in possession’ (DIP) financing – to help fund the process.

Iran’s top security official says Tehran has sent its conditions for ending war to the US via Qatari mediators.