Khosla’s exit comes a little more than a year after LIV announced his appointment.

"At the conclusion of LIV’s successful inaugural season, Atul Khosla decided to move on," Greg Norman, LIV’s commissioner, was quoted as saying by The New York Times.

"We respect A.K. and his personal decision."

Khosla previously served as chief corporate development and brand officer with the NFL's Tampa Bay Buccaneers.

The Saudi-backed venture has not been popular within the sport as critics feel the Gulf nation is using it as a sportswashing vehicle to improve its image and to gain soft power.

Recently, LIV has faced questions regarding the future of Norman, according to NYT.

LIV has managed to attract some of the top golfers in the world like The Open champion Cameron Smith of Australia and Phil Mickelson of the United States with lucrative prize money.

Indefinite suspensions have been handed out to players who switched from the PGA Tour, with their participation in the Ryder Cup remains uncertain.

The PGA Tour has sought to stop LIV Golf poaching players by increasing prize money at its marquee tournaments, adding four elevated events each with purses of at least $20 million (£16.4 million/€18.8 million) and introducing guaranteed minimum earnings.

The 2022 LIV Golf Invitational Series saw seven individual championships and one team event that ended in October.