BREAKING: Jon Rahm announces retirement from LIV Golf and stunning return to the PGA Tour
BREAKING: Jon Rahm announces retirement from LIV Golf and stunning return to the PGA Tour
The 29-year-old Masters champion’s big money move to Saudi-backed LIV Golf has sent fresh shockwaves through the sport.
Masters champion Jon Rahm has splashed out on Saudi-funded LIV Golf for a sum reportedly greater than the entire PGA Tour prize fund, a blow that deepens the divide between golf as the two sides were negotiating a trade agreement.
Rahm confirmed the decision Thursday in an interview with Fox News. Wearing a black jacket with the LIV logo, he said it wasn’t an easy decision.
“I’m very happy,” Lam said. “But there’s a lot of things that are very attractive about LIV Golf.”
He said he wouldn’t disclose the value of his contract, despite reports that his compensation is worth $500 million, which would likely also include equity in the new team. The PGA Tour’s total budget for 2023 was about $460 million. The development comes 25 days before the PGA Tour deadline, with Saudi Arabia’s Public Investment Fund seeking to finalize its June 6 deal to become a commercial partner in a commercial venture alongside the European Tour.
