Melissa Tamez-Imagn Images
Jon Rahm of the Legion XIII watches his shot the 11th hole during the third round of the LIV Golf Chicago tournament at Bolingbrook Golf Club
Virtually every notable golfer who joined forces with LIV Golf was lured there by the massive amount of money they were offered to defect to the league. That includes Jon Rahm, who may miss out on most of a staggering sum he’s currently owed if the organization files for bankruptcy.
It’s been close to five years since LIV Golf kicked off its quest to start poaching players from the PGA Tour with the help of the billions of dollars it had at its disposal courtesy of Saudi Arabia’s Public Investment Fund. It was able to land plenty of big names, but the bet that they’d be able to use them to lure in fans did not end up paying off.
The league is currently limping toward the end of its fifth season, and as things currently stand, it appears there’s a non-zero chance it also ends up being its last.
The circuit has been on life support since the Saudis, the organization’s primary backers, announced their plans to prematurely pull funding earlier this year. There are currently three remaining events listed on the schedule, but only time will tell if all of them will actually be played.
It appears a bankruptcy filing is on the not-so-distant horizon as the powers that be continue to plot a plan for LIV Golf’s survival, and that could be a very costly development for some players who are currently owed a ton of money.
John Rahm could only see a fraction of the $150 million LIV Golf reportedly owes him if the league files for bankruptcy
Last week, The New York Post reported LIV Golf had managed to attract some new investors willing to give it a much-needed cash infusion of $250 million, and that news was supplemented with more from Flushing It that asserted current players had received equity offers connected to a restructure linked to what seems like an inevitable bankruptcy filing.
Multiple LIV Golf insiders are expecting the company to file for bankruptcy in the coming weeks to restructure contracts and the extensive debt burden.
Players with outstanding contract payments, whether multi year or rolling, have already been approached with equity offers for… pic.twitter.com/pCP3pGPxFk
— Flushing It (@flushingitgolf) July 30, 2026
None of those golfers was owed more than Jon Rahm, who reportedly agreed to a contract worth north of $300 million when he made the leap in 2023.
Now, we’ve gotten some more insight into how much the two-time major winner is still owed, as Ryan French of Monday Q Info spoke with some insiders who said LIV Golf is still on the hook to the Spaniard for as much as $150 million, an amount he won’t see in any tangible currency in the near future if the organization files for bankruptcy.
According to multiple people I spoke with, including players, LIV golfers could still be owed in excess of $250 Million combined from contracts they signed.
The biggest portion of the lump sum is Jon Rahm who allegedly is still owed as much as….$150 million.
It seems like a…
— Monday Q Info (@acaseofthegolf1) August 4, 2026
Rahm is probably the most marketable name in the current LIV Golf stable aside from Bryson DeChambeau, whose contract is slated to expire at the end of the current season.
The campaign is supposed to conclude with the team championship at Michigan at the end of August, but there have been plenty of rumors that suggest the event in Indianapolis the previous week could be the final tournament.
Both of those men declined to take advantage of the Returning Member Program that Brooks Koepka used to return to the PGA Tour this year, and while they will undoubtedly face some sanctions if they attempt to return, it does seem likely they’ll be allowed to slink back to their former home if they perform the requisite penance.