• New board unveiled without PIF’s Yasir al-Rumayyan

• LIV held calls with big names before announcement

LIV Golf has launched its search for fresh investment in a race against time to save its future after all but confirming Saudi funding will cease at the end of the 2026 season.

In a statement, LIV announced two members of a new independent board minus Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF), who has been the driving force behind the start-up since it began in 2022 and invested about $5bn (£3.7bn). For now, at least, the tour is confident it can source the necessary sponsors and partners to allow LIV to continue in some form.

More details soon