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Jon Rahm

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Jon Rahm Rejects LIV 2.0 Terms Amid Bankruptcy Restructuring
sports2 days ago

Jon Rahm Rejects LIV 2.0 Terms Amid Bankruptcy Restructuring

Jon Rahm has confirmed he will not participate in the restructured LIV Golf 2.0, citing unacceptable contract terms. His attorney, John Beck, stated this during a bankruptcy hearing in New Jersey, where Rahm is also the largest creditor with over $100 million owed. While Sergio Garcia has been legally released from his contract, Rahm’s separation agreement is being negotiated with a target finalization date of October 15. LIV Golf, now backed by a $300 million investment from BC Partners, aims to finalize player commitments by October 25, though Rahm’s case remains pending until November 5.

via Golf Channel|
#bankruptcy#bc-partners#golf
Rahm Rejects LIV 2.0 Terms as Garcia Exits Bankruptcy Case
golf2 days ago

Rahm Rejects LIV 2.0 Terms as Garcia Exits Bankruptcy Case

Jon Rahm has declined to join the restructured LIV Golf 2.0, citing unacceptable contract terms, while Sergio Garcia has been legally released from his existing agreement. A New Jersey bankruptcy court hearing on October 8 granted Garcia a termination of his contract, allowing him to negotiate with other tours. Conversely, Rahm’s attorney stated he will not participate in the new league, with his contract hearing delayed until November 5. LIV Golf, backed by BC Partners, maintains confidence in securing enough players by the October 25 deadline, though legal clarity for other stars like Bryson DeChambeau remains pending.

via BBC|
#bankruptcy#bc-partners#golf
LIV Golf pivots to Chapter 11 as players head toward a rebuilt, player-owned league
business1 month ago

LIV Golf pivots to Chapter 11 as players head toward a rebuilt, player-owned league

LIV Golf filed for Chapter 11 in New Jersey, listing Jon Rahm as the largest unsecured creditor at about $7.5 million and Bryson DeChambeau at about $5.8 million, with Dustin Johnson, Cameron Smith and Adrian Meronk among the top creditors; the filing marks the end of LIV's first incarnation and the league is eyeing a restructured, player-owned model funded during the bankruptcy by the Saudi Public Investment Fund (about $49.6 million) subject to court approval.

via The Washington Post|
#bankruptcy#bryson-dechambeau#business
LIV Golf Bets on Bankruptcy to Fund a Fragile 2.0 Comeback
business1 month ago

LIV Golf Bets on Bankruptcy to Fund a Fragile 2.0 Comeback

Defector reports LIV Golf, after being dumped by the Saudi PIF, plans Chapter 11 bankruptcy to clear debts and right-size for LIV 2.0, while laying off most staff and trimming events and bonuses. It is courting BC Partners as a new investor, but the deal hinges on retaining top players who would face much smaller payouts and fewer events. The venture also faces vendor lawsuits and potential sanctions from the PGA and European tours, creating an uncertain path forward.

via Defector|
#bankruptcy#bc-partners#business
LIV Golf on the Brink: Bankruptcy Looms as 2027 Revival Plans Falter
business1 month ago

LIV Golf on the Brink: Bankruptcy Looms as 2027 Revival Plans Falter

LIV Golf is reportedly nearing Chapter 11 as a promised $300M lead investor fails to materialize, pushing a leaner 2027 circuit; the Saudi PIF plans a $100M debtor-in-possession loan to facilitate bankruptcy, while the league negotiates settlements with players like Bryson DeChambeau and Jon Rahm who face three options: stay with a reduced payout in a 10-event LIV 2.0, walk away with a partial payout, or fight in bankruptcy court for full recovery.

via essentiallysports.com|
#bankruptcy#bryson-dechambeau#business
business1 month ago

LIV Golf Moves Toward Chapter 11 as PIF Exits and a Leaner 2.0 Era Emerges

Reportedly, LIV Golf plans to seek Chapter 11 bankruptcy protection as soon as Sept. 7, with the Saudi Public Investment Fund winding down funding after 2026 and offering settlements to players worth pennies on the dollar; the move signals a transition to a smaller, 2.0-era LIV with lower purses and potential player equity, while financiers like BC Partners weigh financing options, staff layoffs have begun, and players face a mix of settlements, restructurings, or unsecured-claims paths depending on negotiations and future contracts.

via heavy.com|
#bankruptcy#business#jon-rahm
The Final Swing: LIV Golf's Gaudy Era Closes in Indianapolis
sports1 month ago

The Final Swing: LIV Golf's Gaudy Era Closes in Indianapolis

LIV Golf’s chaotic Indianapolis finale underscored a four‑and‑a‑half‑year arc of spectacle and friction, with canceled events, lawsuits and leadership turmoil, punctuated by a standout finish from Michael La Sasso as the league contemplates a leaner 2027 funding model and a possible BC Partners lifeline. The episode forced the PGA Tour to modernize, globalize the game and offer vast prize money, but LIV’s survival now hinges on a clearer business plan, new ownership structures, and whether top stars stay committed.

via Skratch Golf|
#golf#greg-norman#jon-rahm
LIV Golf's Quiet Finale Leaves Big Questions for Its Future
sports1 month ago

LIV Golf's Quiet Finale Leaves Big Questions for Its Future

LIV Golf’s 2026 season closed in Indianapolis with 22-year-old Michael La Sasso edging Jon Rahm for the win as Rahm’s Legion XIII claimed the team title, but the celebration was muted as the league confronts an existential question: its Saudi funding is drying up. A Michigan event was canceled, the CEO is seeking investors for LIV 2.0, and rumors talk of a smaller schedule and lower purses while Rahm is reportedly owed about $150 million, leaving many to wonder what comes next for LIV Golf.

via Sports Illustrated|
#funding#indianapolis-finale#jon-rahm
LIV Golf 1.0 Ends as Its 2.0 Future Hangs in the Balance
business1 month ago

LIV Golf 1.0 Ends as Its 2.0 Future Hangs in the Balance

LIV Golf’s first era closed in Indianapolis as funding from the PIF waned and insiders flagged bankruptcy as a likely path forward; with Scott O’Neil seeking new investors and stars like DeChambeau and Rahm weighing future commitments, the league’s 2.0 remains uncertain amid DP World Tour tensions and a shift toward a leaner, less extravagant model, following Michael La Sasso’s finale win.

via The New York Times|
#bankruptcy#bryson-dechambeau#business
LIV Chief Urges Golf Tours to Unite Amid Uncertain Future
business1 month ago

LIV Chief Urges Golf Tours to Unite Amid Uncertain Future

LIV Golf CEO Scott O’Neil called for the PGA Tour and DP World Tour to work together rather than compete, saying LIV’s aim is to elevate golf within the ecosystem rather than replace it. He highlighted LIV’s ongoing challenges and the looming possibility of a mass exodus, including Jon Rahm reportedly leaving LIV for the PGA Tour, while noting that from 2027 LIV players could face a blocked pathway to the DP World Tour as the Asian Tour tightens ties with Europe and the PGA Tour. With the tours’ futures intertwined and LIV’s appeal waning, the PGA Tour has little incentive to help LIV at this stage.

via hitc.com|
#business#dp-world-tour#golf-industry
McIlroy questions LIV value as possible returns loom over PGA Tour
sports1 month ago

McIlroy questions LIV value as possible returns loom over PGA Tour

Rory McIlroy suggested LIV Golf stars would face a tough, possibly delayed return to the PGA Tour and questioned what value they brought to LIV; he emphasized the PGA Tour remains the best platform for top golfers, noted that the Brooks Koepka precedent may not apply again, and highlighted LIV’s ongoing struggles while the PGA Tour touts rising ratings and a forthcoming Championship Series aimed at strengthening golf’s future.

via Awful Announcing|
#brooks-koepka#jon-rahm#liv-golf
Rahm Clinches Third Straight LIV Golf Title, Fires Recency Bias at Scheffler
sports2 months ago

Rahm Clinches Third Straight LIV Golf Title, Fires Recency Bias at Scheffler

Jon Rahm won LIV Golf's individual title for the third straight year, with Joaquin Niemann taking LIV New York; Rahm used the moment to critique recency bias around Scottie Scheffler, noting Scheffler’s FedExCup lead despite a quieter PGA Tour year. Rahm has two LIV wins this season and cannot be caught by rivals Bryson DeChambeau and Niemann, as LIV Golf Indianapolis closes the season with a potential Michigan Team Championship amid 4Aces GC leading the team standings.

via hitc.com|
#fedexcup#golf#jon-rahm