00:00LiveGolf chairman Yasir al-Rumayan is expected to resign as part of an announcement confirming the removal of future Saudi
00:11funding from the league.
00:13That's according to Sky Sports.
00:15Now, the move would mark the first formal acknowledged development by Live that it is preparing to operate without backing
00:24from Saudi Arabia's public investment fund, also known as PIF.
00:30Al-Rumayan has overseen it since 2015 and is planned to go beyond this year.
00:36But it's now been acknowledged that Live's business operations say the league is preparing to outline a new strategic plan
00:44focused on attracting long term investors.
00:47Discussions with prospective backers are already believed to have started.
00:53Now, it's also believed that Live have briefed around 13 team captains on a phone call with major winners such
01:02as Bryson DeChampeau and John Rahm.
01:04It's a significant development as Live's current prize money offers $30 million to winning teams.
01:14They've spent about $6 billion since launching in 2022.
01:20Without continued Saudi investment, securing new funding will be crucial to LiveGolf's long term sustainability with the sport.
01:29Players within LiveGolf have faced criticism from those within the golfing world and others in the media.
01:37Now, if the money is leaving the sport, it remains to be seen whether or not some of those players
01:42may return to the PGA Tour.
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