Masters champion Jon Rahm has made a big money move to Saudi-backed LIV Golf, which has sent shockwaves through the sport. Rahm confirmed the move in an interview with Fox News, stating that it was not an easy decision for him to make. He did not disclose the exact amount of the deal, but reports suggest that it could be in the $500 million range, including equity in his new team.
The move comes as the PGA Tour and Saudi Arabia’s Public Investment Fund are negotiating a commercial deal, with the deadline for finalizing the agreement just 25 days away. Talks have been progressing slowly, and Rahm’s decision to join LIV Golf has added another layer of complexity to the negotiations.
Despite previously stating that he plays golf for the love of the game and not for the money, Rahm acknowledged that the financial aspect of the deal was a factor in his decision. He emphasized that as a husband and father, he has a duty to provide the best opportunities and resources for his family.
Rahm will make his LIV Golf debut at the league’s season opening event in Mexico. He remains eligible for the majors for the next five years, but it is unclear how the move will affect his eligibility for the Ryder Cup.
Rory McIlroy expressed his support for Rahm, acknowledging that his decision will require the European tour to rewrite its rules. Rahm’s addition to LIV Golf means that the league now has seven of the last 14 winners at the majors.
The PGA Tour has been entertaining offers from private equity groups since the proposed commercial partnership with Saudi Arabia. The agreement originally included language to end the poaching of players, but that was removed due to antitrust concerns from the Justice Department.
Rahm’s decision to join LIV Golf contradicts his previous statements about the league. He had previously expressed his support for the PGA Tour and criticized the format of LIV Golf tournaments. However, in his recent interview with Fox, he emphasized the excitement of being part of a global market and a team.
Overall, Rahm’s move to LIV Golf has significant implications for the sport, and it remains to be seen how it will impact the ongoing negotiations between the PGA Tour and Saudi Arabia’s Public Investment Fund.
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