Jon Rahm has made the significant decision to forfeit a reported £75 million owed to him by LIV Golf in order to secure his exit from the league. This move comes after LIV Golf filed for Chapter 11 bankruptcy protection in September, following the withdrawal of financial backing from Saudi Arabia's Public Investment Fund.

Rahm was recognized as the top unsecured creditor of LIV Golf, with $7.4 million (£5.5 million) owed to him for the remainder of the 2026 season alone. Reports from ESPN indicated that he is owed approximately $100 million (£75 million), apart from the remaining $300 million (£222 million) contract he signed upon leaving the PGA Tour for LIV Golf in December 2023.

Despite LIV securing potential financing of $300 million from BC Partners Credit for its future plans, Rahm deemed the terms unacceptable and opted for a complete economic walk-away. He will retain the rights to 'Legion XIII', the name of the LIV team he captained, although he cannot use it to establish a team in the new TGL league created by Tiger Woods and Rory McIlroy.

Notably, Rahm was one of the most prominent players to join LIV Golf, while others like Brooks Koepka have returned to the PGA Tour after changes to its rules. In May, Rahm reached an agreement with the DP World Tour to maintain his membership, ensuring eligibility for the upcoming Ryder Cup.

In August, he celebrated his third consecutive LIV season title and previously expressed no regrets about joining the league, supporting its sustainability efforts.