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LIV Golf hit by the resignation of chief working officer Atul Khosla after only a 12 months within the position

LIV Golf hit by the resignation of chief working officer Atul Khosla after only a 12 months within the position, amid reviews the Saudi-backed insurgent tour may very well be shedding $355MILLION by 2028

LIV Golf COO Atul Khosla has stepped down from his submit after only a 12 months within the job on the breakaway golf league.

Khosla was anticipated to guide LIV – which options 12 four-man groups and shotgun begins – into the longer term, however gamers and brokers had been advised earlier this week Khosla meant to step down.

LIV commissioner Greg Norman confirmed the information Friday in an announcement to the New York Instances.

Atul Khosla has resigned from his role as LIV CEO after just a year on the job

Atul Khosla has resigned from his position as LIV CEO after only a 12 months on the job

‘On the conclusion of LIV´s profitable inaugural season, Atul Khosla determined to maneuver on,’ Norman mentioned. 

‘We respect A.Ok. and his private resolution.’ 

Funded by the Saudi Arabia sovereign wealth fund, LIV launched final 12 months as a higher-paying PGA Tour different.

Prime names like Phil Mickelson, Dustin Johnson, Brooks Koepka and British Open champion Cameron Smith all signed on for greater than $100 million.

The league additionally options rule modifications, notably the shotgun begin, which sees golfers begin on the similar time on totally different tees and is supposed to create a extra thrilling environment.

Phil Mickelson received an eye-watering signing fee to join breakaway league LIV

Phil Mickelson obtained an eye-watering signing payment to hitch breakaway league LIV

Nevertheless, latest reporting suggests LIV is falling in need of the lofty targets it is set for itself.

A New York Instances report final week, involving the assessment of a whole lot of pages of confidential paperwork, included an outdoor consulting agency’s outlook on the trail to monetary success for a rival league.

The benchmark for achievement was to signal every of the world´s high 12 gamers, get sponsors and a tv deal, all whereas not going through retaliation from the PGA Tour. 

The paperwork, ready by McKinsey & Firm, laid out a state of affairs the place the league would lose $355 million if high gamers, particularly the likes of Mickelson, Rory McIlroy and Tiger Woods didn’t signal on.

Whereas Mickelson has joined the league, McIlroy and Woods have stood in staunch opposition to the league, and Smith is at the moment LIV’s solely high 10 participant.

LIV Golf CEO and commissioner Greg Norman confirmed Khosla's resignation on Friday

LIV Golf CEO and commissioner Greg Norman confirmed Khosla’s resignation on Friday

The paperwork additionally famous {that a} ‘lack of pleasure from followers’ relating to the league – which is at the moment with no TV contract – would contribute to its demise.

LIV is the lead plaintiff in an antitrust lawsuit with the PGA Tour, which has suspended all gamers who signed with the Saudi-funded league.

The league plans a 14-event schedule for 2023 and already has introduced seven websites, three of them earlier PGA Tour venues .

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