Jon Rahm will not participate in the new ‘LIV Golf 2.0’ after rejecting the fresh terms proposed to him.After having its funding pulled by Saudi Arabia’s Public Investment Fund [PIF], the breakaway golf circuit announced a restructuring ahead of the 2027 season after filing for bankruptcy.Rahm won the LIV Golf Individual Points List for a third successive season in 2026GettyDubbed ‘LIV Golf 2.0’, the new edition has secured a possible $300m (£227m) in financing from BC Partners Credit in order to try to move forward with the upcoming season.It has liabilities of between $500million and $1billion (£370m-£739m) from the pre-existing version.With huge upheaval on the cards, speculation had been rife over which golf stars would continue on the circuit, not least Rahm.The Spaniard signed the biggest deal in LIV history in December 2023, when he penned a $300m contract that included the launch of his own team.But Rahm’s representation have now confirmed he will be cutting ties with the rebel circuit ahead of the new season.Rahm announces LIV splitIn a statement shared via the Athletic, Rahm’s attorney, John Beck, told a bankruptcy court hearing that the player had deemed the terms of LIV 2.0 ‘unacceptable’.Beck said: “Mr. Rahm has independently reviewed the proposed terms of LIV 2.0… and has determined that those terms are unacceptable to him, and he will not be participating going forward in LIV 2.0.”The report adds that Rahm and LIV are working to finalise a separation agreement.It is hoped this will be arranged by October 15 ahead of another hearing on November 5.Rahm’s plans had been unknown since PIF withdrew its billions of dollars in backing from LIV, four years after its launch in 2022.LIV Golf has secured a new majority investor in BC Partners after a summer of uncertaintyGettyThe upstart golf league spent the summer seeking funding and securing commitments for its ‘2.0’ approach, with BC Partners emerging as the new majority investor. Rahm has a massive $350m contract that he said has ‘several years’ remaining, and is the largest creditor in LIV’s bankruptcy case.Documents outlining the money owed to LIV Golf’s creditors with the 30 largest unsecured claims show that the two-time major winner Rahm tops the list with an unsecured claim of $7.5m (£5.5m).With the Spanish golf star now set to leave LIV Golf, this represents a huge blow to the circuit in their bid to attract investors.Rahm – along with fellow major winner Bryson DeChambeau – was viewed as the league’s most substantial selling point to potential investors. But the 31-year-old will now explore his options elsewhere, with speculation set to begin over a return to the PGA Tour.Rahm withdrew from this week’s Spanish Open – although this was due to the upcoming birth of his fourth childGettyShould this materialise, Rahm would follow Brooks Koepka in re-joining golf’s leading circuit, which rewrote its rules in December to allow the five-time major winner to come back, subject to certain sanctions.While Rahm remained with LIV after Koepka’s exit, reached a deal in May with the DP World Tour to retain his membership and remain eligible for next year’s Ryder Cup.The former world no.1 won two events in the 2026 LIV season, and topped the overall points and money lists for the third straight year.