LIV Golf announced a major restructure on Thursday, with Saudi Arabia's Public Investment Fund set to withdraw funding after this season. The rebel league appointed a new independent board featuring Gene Davis and Jon Zinman, while chairman Yasir Al-Rumayyan is expected to depart. Team captains including Bryson DeChambeau and Jon Rahm were briefed on Tuesday, with several players already exploring options beyond the breakaway circuit.

The funding withdrawal casts serious doubt over the league's ability to retain its star players. DeChambeau is reportedly negotiating a new deal worth around $500m, while fellow major winners Cam Smith and Rahm face uncertain futures. Brooks Koepka's departure to the PGA Tour in January now appears prescient. The DP World Tour has confirmed multiple players have inquired about reinstatement.

LIV has spent $5 billion since launching in 2022 and offers $30m prize money at each event, making financial sustainability without PIF support extremely challenging. The league insists it remains committed to its team-based model and projects profitability for four events and ten teams by 2026, though finding new investors will be crucial to survival.