Jon Rahm Reaches DP World Tour Deal Amid LIV Golf Investor Search

1-Minute Brief

Rahm's agreement with the DP World Tour comes as LIV Golf seeks new investors following the reported exit of Saudi Arabia's Public Investment Fund.

Key Facts

• LIV Golf has hired Gibson Dunn & Crutcher to advise on finding new investors after the reported withdrawal of Saudi Arabia’s Public Investment Fund.
• Jon Rahm stated he does not see 'many ways out' of his LIV Golf contract.
• Rahm has resolved his dispute with the European tour, making him eligible for the Ryder Cup.
• Rahm previously declined a DP World Tour membership offer before reaching the current agreement.
• LIV Golf is described as a loss-making business, according to people familiar with the matter.

What Happened

Jon Rahm reached an agreement with the DP World Tour, enabling his eligibility for the Ryder Cup, while LIV Golf is seeking new investors after reports of Saudi funding withdrawal.

Why It Matters

Rahm's deal allows him to compete in major European events, and LIV Golf's search for new funding could impact the league's future structure and operations.

What's Next

Observers are watching for potential changes in LIV Golf's investor base and any further developments regarding Rahm's contract and participation in future tournaments.