Professional golfer Jon Rahm faces a potential financial setback exceeding £100 million amid growing uncertainty surrounding LIV Golf’s future. The breakaway tour, which he joined in December 2023 under a £400 million agreement, is reportedly on the verge of collapsing after its primary Saudi Arabian backers withdrew funding earlier this year.

Recent reports indicate that LIV Golf staff have been notified that their contracts will be terminated in early September, fueling speculation that the organization may soon file for bankruptcy. This development, if confirmed, would prevent Rahm from receiving the final payment under his lucrative deal with the league.

Despite the precarious position, there are indications that LIV Golf’s leadership aims to secure fresh investment. According to recent accounts, Scott O’Neil, the league’s chief executive, is in advanced talks with potential new financiers in an effort to stabilize the circuit and avoid insolvency.

LIV Golf emerged as a controversial entrant into the professional golf landscape, backed heavily by Saudi Arabian financing, and has been attempting to establish itself in competition with established tours. However, the withdrawal of its initial investors earlier this year has left the circuit struggling to meet financial commitments, including the substantial contracts it offered to high-profile players such as Rahm.

The outcome of the ongoing negotiations and potential restructuring efforts will have significant ramifications not only for LIV Golf but also for players associated with the league. Rahm’s contract, one of the most prominent in the sport, underscores the high stakes involved as the veteran tour seeks a sustainable operational model amid mounting financial pressure.