We may earn commissions if you use the recommended services on this site.  

PGA Tour Star Jon Rahm Possibly Joining Saudi-Backed LIV Golf: Is a Move Imminent?

Latest Business News

Golf Superstar Jon Rahm Rumored to Join Saudi-Backed LIV Golf

According to The Wall Street Journal, golf sensation Jon Rahm is reportedly preparing to make a departure from the PGA Tour to join the Saudi-backed LIV Golf. Sources familiar with the matter suggest that Rahm, currently ranked number 3 in the world and fresh off his Masters victory in April, could announce the deal as early as this week. However, it is important to note that negotiations are still ongoing and there is a possibility that talks could fall through. This potential move would mark another significant development in the ongoing saga between the PGA Tour and LIV Golf. With a deadline of December 31st looming, the two leagues must make a decision regarding their proposed combination. Speculation within the golf community suggests that LIV Golf's pursuit of Rahm could be a strategic move to exert pressure on the PGA Tour to approve the merger. When approached for comment, LIV Golf responded with an automated message, leaving the situation further shrouded in mystery. LIV Golf has a history of luring PGA players with lucrative deals, including the likes of Phil Mickelson, which has raised concerns among other golfers in the sport. Rory McIlroy, the world's second-ranked player, previously stated that he would retire if LIV Golf became "the last place to play golf on earth." The PGA Tour and representatives for Rahm have not yet responded to requests for comment, leaving fans and industry insiders eagerly awaiting further developments. As the golf world eagerly awaits an official announcement, the potential addition of Jon Rahm to the LIV Golf roster would undoubtedly make waves in the sport. With the PGA Tour and LIV Golf facing a crucial deadline, the outcome of these negotiations could reshape the landscape of professional golf. Only time will tell if this rumored move comes to fruition and what impact it may have on the future of the sport.

Rumored Move of Jon Rahm: A Potential Game-Changer for Golf Business Landscape

The golfing world is abuzz with the rumor of Jon Rahm, a top-ranked player, potentially leaving the PGA Tour for the Saudi-backed LIV Golf. This move, if it materializes, could have significant repercussions for new businesses in the golf industry.

Impact on PGA Tour and LIV Golf Merger

Rahm's potential departure comes at a critical juncture, with a December 31st deadline for the proposed merger between the PGA Tour and LIV Golf. Some speculate that LIV Golf's pursuit of Rahm is a strategic move to pressure the PGA Tour into approving the merger. This development could set a precedent for new businesses looking to enter the golf industry, demonstrating the power of strategic player acquisitions.
Lucrative Deals and Player Concerns
LIV Golf's history of enticing PGA players with lucrative deals could also influence the business strategies of new entrants in the golf industry. However, the apprehension expressed by players like Rory McIlroy, who threatened retirement if LIV Golf became the dominant league, highlights potential challenges for businesses aligning with such organizations.

Reshaping the Golf Landscape

The potential addition of Rahm to LIV Golf's roster could significantly reshape the professional golf landscape. New businesses in the golf industry must closely monitor these developments, as they could influence player acquisition strategies, league alignments, and overall market dynamics. As the golf world awaits an official announcement, the impact of Rahm's rumored move on the future of the sport and related businesses remains to be seen.
Story First Published at: https://www.cnbc.com/2023/12/07/pga-tour-star-jon-rahm-gearing-up-to-join-saudi-backed-liv.html
Brought to you by BusinessFormation.io
Know Your State's Registered Agent Requirements: What is a Registered Agent
Learn How To Create An LLC: What Is An LLC and How To Start an LLC Online

LLC Filing & Registered Agent Services

Compare Online LLC Filing Services Today

We work with the market leaders in business formation and registered agent services.

Getting started is simple and inexpensive. Form your business today & secure your brand name before someone beats you to it! Click below to view the Top 3 Best LLC and registered agent service providers.
View Top 3 Providers Now
x

Filing An LLC Can Be Complicated

Streamline Your LLC Filing Online for $39

Northwest Registered Agent is the best-rated service for first time filers.

Get professional LLC formation & registered agent services for only $39 + state filing fee. This offers includes your full LLC setup, plus a private business address, lifetime support, and more.

Trusted by Millions. Save 82% Today.