Jon Rahm, a two-time major champion, is reportedly considering leaving LIV Golf, a move that could be a significant blow to the league's survival. Sources indicate that LIV officials are "almost resigned" to losing Rahm, despite his contract having two years remaining and an estimated $150 million still owed to him from his original signing. His potential exit is fueled by uncertainty surrounding LIV's future funding, as Saudi Arabia's Public Investment Fund (PIF) pulled its financial support earlier this season after spending over $5 billion.
LIV Golf is attempting to reinvent itself as "LIV Golf 2.0," with CEO Scott O'Neil proposing a player-equity model and a leaner 10-event schedule for 2027. However, it's unclear if an offer of equity in this unproven new entity would be enough to retain Rahm, especially given the outstanding payments he is owed. His departure would not only cost LIV a marquee player but could also trigger a domino effect, with other prominent golfers potentially following suit.
The league's future depends on securing a new investor, reportedly Ted Goldthorpe of BC Partners, and convincing its star players to commit to the new structure. If Rahm leaves, he would face sanctions from the DP World Tour, jeopardizing his membership and Ryder Cup participation, highlighting the complexities and uncertainties faced by LIV golfers. While Bryson DeChambeau and other major winners like Dustin Johnson and Cameron Smith are committed, Rahm's decision is seen as a critical test for LIV's viability, particularly if his exit leads to a broader exodus of talent. LIV's financial discipline will also need to improve dramatically, as its previous iteration incurred billions in losses.
