Current:Home > FinanceJon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour -Infinite Edge Capital
Jon Rahm bolts for LIV Golf in a stunning blow to the PGA Tour
View
Date:2025-04-16 21:25:50
Masters champion Jon Rahm bolted for Saudi-funded LIV Golf on Wednesday for what’s believed to be more money than the PGA Tour’s entire prize fund, a stunning blow that deepens the divide in golf as the two sides were negotiating a commercial deal.
Rahm confirmed the move in an interview with Fox News, during which he wore a black LIV letterman’s jacket, saying it was not an easy decision.
“I’ve been very happy,” Rahm said. “But there is a lot of things that LIV Golf has to offer that were very enticing.”
He said he would keep private how much the deal was worth amid reports that put his compensation in the $500 million range, which likely would include equity in his new team.
The development comes 25 days before the deadline for the PGA Tour and Saudi Arabia’s Public Investment Fund try to finalize their shocking June 6 agreement to become commercial partners in a for-profit enterprise, along with the European tour.
Talks have been going slowly, and Tiger Woods said last week there were a lot of moving parts. The biggest move was the 29-year-old Rahm, the No. 3 player in the world and a two-time major champion approaching his prime, being the latest to defect.
Rahm had been adamant that has enough money, he cares only about history and legacy and only recently said he “laughed” whenever he saw his name linked to LIV.
“It was a great offer. The money is great, obviously it’s wonderful,” Rahm said. “But what I said before is true: I do not play golf for the money. I play golf for the love of the game and for the love of golf. But, as a husband, as a father and as a family man I have a duty to my family to give them the best opportunities and the most amount of resources possible and that is where that comes in.”
He remains eligible for the majors for the next five years — the Masters for life, the U.S. Open until 2031. Still to be determined is how this affects his eligibility for the Ryder Cup.
Rahm’s addition gives LIV Golf seven of the last 14 winners at the majors.
___
AP golf: https://apnews.com/hub/golf
veryGood! (798)
Related
- Average rate on 30
- Tennis finally allowing player-coach interactions during matches win for players and fans
- New findings revealed in Surfside condo collapse investigation
- Former Finnish prime minister Sanna Marin, who was one of Europe’s youngest leaders, quits politics
- $73.5M beach replenishment project starts in January at Jersey Shore
- Louisville officer critically hurt during a traffic stop when shots were fired from a nearby home
- Danny Masterson Sentenced to 30 Years to Life in Prison in Rape Case
- Stock market today: Asian shares fall as China reports weaker global demand hit its trade in August
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Convicted of embezzlement, former Baltimore Mayor Sheila Dixon is running again
Ranking
- Tom Holland's New Venture Revealed
- Influencer mom charged with felony child abuse after son's alleged escape
- Ohio will keep GOP-drawn congressional maps in 2024 elections, ending court challenge
- USF is building a $340M on-campus football stadium despite concerns academics are being left behind
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Do COVID-19 tests still work after they expire? Here's how to tell.
- Messi, Argentina to play Ecuador in 2026 World Cup qualifying: Time, how to watch online
- Danny Masterson Sentenced to 30 Years to Life in Prison in Rape Case
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Germany arrests 2 Syrians, one of them accused of war crimes related to a deadly attack in 2013
Pratt Industries plans a $120M box factory in Georgia, with the Australian-owned firm hiring 125
Report blames deadly Iowa building collapse on removal of bricks and lack of shoring
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Historic flooding event in Greece dumps more than 2 feet of rain in just a few hours
NFL Week 1 announcers: TV broadcasting crews for every game on NBC, CBS, Fox, ESPN
Father files first-of-its-kind wrongful death suit against Maui, Hawaii over fires