Can LIV find new backers and what are the options for Bryson DeChambeau, Jon Rahm, Lee Westwood and others?

Reports and speculation about the professional golf league’s shutdown have swirled for weeks as Saudi Arabia’s Public Investment Fund has distanced itself from LIV.

A committee of independent directors will evaluate strategic alternatives for LIV Golf after PIF pulls its funding, people familiar with the matter told CNBC.