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LIV Golf faces crisis as chairman resigns over loss of Saudi backing

Sky Sports Champions League •
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LIV Golf chairman Yasir Al‑Rumayyan is set to resign after the league confirms it will no longer receive Saudi funding from the Public Investment Fund. The move marks the first formal acknowledgement from the breakaway circuit that it must rebuild its leadership and secure new backers to survive beyond this season.

LIV plans to unveil a new strategic plan and is engaging prospective investors. It has already spent $5bn on prize money and operations, with a projected $6bn total spend by year‑end. The league offered $30m in prize money at each event, a figure that strains sustainability without fresh capital.

Key players, including Bryson DeChambeau and Jon Rahm, have been briefed on the future and are exploring options. DeChambeau said he would find a way to keep LIV viable, noting the franchise model’s value. Meanwhile, rivals like the PGA Tour are considering pathways to reinstate defectors such as Brooks Koepka, who has already returned.

With Saudi backing withdrawn, LIV’s ability to retain top talent and maintain its global tour hinges on new investors. The league’s future now rests on securing a financial lifeline; without it, the high‑profile departures and postponed events could signal a deeper collapse.