LIV Golf has appointed a new chairman and announced a restructured board as the league prepares to operate without Saudi Arabian funding after the current season. Yasir Al-Rumayyan, the Public Investment Fund governor who spearheaded LIV's creation, is no longer listed as chairman. Gene Davis of Pirinate Consulting Group and Jon Zinman of JZ Advisors will lead the newly formed board, with Davis serving as chairman.
The league is seeking long-term financial partners and moving toward an investment model involving multiple stakeholders and team franchises. LIV said it expects 10 of its 13 teams to be profitable this year. Davis stated, “The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalize its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.”
According to Sports Business Journal, Al-Rumayyan has resigned as LIV chairman, though no official announcement has been made by PIF. LIV CEO Scott O'Neil previously told TNT that funding runs through the season, after which the league must secure its own business plan. The Saudi sovereign wealth fund had invested heavily, spending $1 billion to sign top players like Bryson DeChambeau, Brooks Koepka, Phil Mickelson, Cameron Smith, and Jon Rahm.
The newsletter Money in Sport reported that LIV has spent $5.3 billion since its 2022 launch, projected to reach $6 billion by year-end. Staff and players were aware Saudi funding was only guaranteed through 2026. The league currently offers $30 million prize funds per event. DeChambeau expressed commitment to LIV, stating, “As long as LIV is here, I would figure out a way for it to make sense. It’s a startup... I’m going to do everything in my power to make it work.”
Al-Rumayyan had sought a role in golf's leadership and signed a framework agreement with the PGA Tour and European tour in 2023, but the deal failed to materialise beyond ending antitrust lawsuits. PGA Tour Enterprises instead received investment from North American sports owners. Al-Rumayyan met with President Trump in February 2025 alongside PGA Tour figures, but no common ground was reached, partly due to LIV's insistence on a team component.
LIV postponed its June event in Louisiana to the fall, but O'Neil assured staff the season would continue “full throttle.” The next event is scheduled for May 7-10 in northern Virginia. Brooks Koepka left LIV after last season, with the PGA Tour granting him a conditional return.
