In a rapid series of moves, LIV Golf has replaced three board directors, enlisted two turnaround consultants, retained a law firm experienced in bankruptcy, and brought in an investment bank—all within a matter of days. While the league officially describes this as a “transition,” the nature of the experts it is hiring paints a far more urgent picture.
According to filings released on May 11, 2026, Eugene Davis and Jon Zinman—LIV Golf’s newly appointed independent board directors—officially assumed director positions at four U.K. holding companies: LIV Golf LTD, LIV Golf Events LTD, LIV Golf ISE LTD, and Wedge IP Management Co, Limited, effective May 4.
These four companies are the same entities whose filings revealed $461.8 million in losses for LIV’s non-U.S. operations in 2024. Davis and Zinman, both restructuring specialists, will now oversee year-end financial reporting and future forecasting, placing them at the center of LIV’s financial accountability.
On the same day, three directors were removed: Ross Hallett, EVP and head of events; Jake Jones, SVP of impact and sustainability; and Louise Savage, the league’s longtime general counsel. Savage had held director positions at three of the companies since February 2022. Hallett and Jones had only assumed their roles in January 2026, replacing former CEO Greg Norman and former EVP of finance Tim Taylor. They lasted less than four months.
Davis chairs the new Independent Directors Committee through Pirinate Consulting Group, which specializes in turnaround management and restructuring. Zinman’s JZ Advisors works with companies in reorganization and post-bankruptcy situations. LIV also hired Ducera Partners as its investment banking adviser and AlixPartners as a consulting firm, while bringing back Gibson Dunn and Crutcher to help find replacement investors. The reshuffle reflects the intense pressure LIV is operating under.
It is well known that the Saudi Public Investment Fund (PIF) has spent approximately $5 billion on LIV so far and will stop its funding after the 2026 season ends. PIF governor Yasir Al-Rumayyan has also stepped down as LIV Golf’s chairman.
The league claims revenue has increased more than 100% since 2025, and that 10 of its 13 teams will turn a profit this season. However, those figures stand alongside guaranteed contracts worth hundreds of millions to star players like Jon Rahm and Bryson DeChambeau, whose presence is nearly essential to the league’s survival.