LIV Golf's financing plan collapsed last week, ‌and the circuit said it would wind down operations after the Saudi Public Investment ‌Fund announced it would cut funding.

BC Partners has revived efforts to create a successor, the Financial Times reported on Sunday.

DeChambeau's choice to leave the PGA Tour for the Saudi-backed circuit four years ago marked one of the highest-profile defections in an ‌acrimonious, multi-year saga ‌that engulfed ⁠the sport.

"I'm not going to rewrite the last four ​years. I made a decision I believed in, and I'm grateful for what came with it: playing in front of fans new and old around the world who rarely got to see the best players at home," DeChambeau said on social media.

"I believed ⁠this game could reach more people, in ‌more ​places, in a new way. 

"I still believe that. And I gave it ​everything I had ‌to keep team golf alive."

Other former major champions, including Jon Rahm, Brooks Koepka ​and Patrick Reed, had already signalled their departure from LIV. 

Koepka was reinstated by the PGA Tour under its Returning Member Program.

A bankruptcy court in New Jersey approved the end of Rahm's contract with LIV.

The Spaniard won the Abu Dhabi Championship on Sunday, moving him back into the top 10 in the world.

But many LIV players, ​lured to the breakaway circuit ​by supersized pay cheques, face an awkward and ‌challenging return to established tours.

The futures of players, including Australians Cameron Smith, Marc Leishman and Elvis Smylie, are at stake as the PGA is yet to decide on their futures.

"Arnold Palmer said no player is bigger than the game, and I want to acknowledge that, along the way, I've said some things that didn't help," said DeChambeau, who plans to compete at Gary Player's Nedbank Golf ​Challenge in December.

"Whatever comes next, I'll approach it with humility and respect ​for the people who ⁠carried this game before me."

DeChambeau, who led the Crushers to LIV Golf's season title in 2023, said he still believes in team golf beyond the Ryder Cup and Presidents Cup.

"It may look different in the future, but I still believe it's essential to growing the game," he said.

- With AP