Former world number five Poulter was co-captain of the Majesticks team alongside fellow Englishman and Ryder Cup icon Lee Westwood. Westwood’s future plans remain unclear.
Poulter’s decision to leave comes in the same week as 2010 Open champion Oosthuizen, who captained the Southern Guards GC team and said quitting was the “hardest decision” of his career.
Last week, two-time major winner Rahm gave up a reported £75m owed to him by LIV after reaching a separation agreement.
Abraham Ancer and David Puig are also leaving while Sergio Garcia, Thomas Pieters, Tom McKibbin, Laurie Canter and Adrian Meronk appear unlikely to stay with LIV.
Richard Bland, Cameron Tringale and Brendan Steele are three of the few players to commit to the second phase of the breakaway circuit.
LIV’s future could hinge on whether it can secure the signature of American superstar Bryson DeChambeau, who ESPN reported earlier this week “remains committed” to the league.
In his statement, Poulter acknowledged LIV has “clearly divided opinion”, but said he will be “forever proud” to be part of its founding group.
“Change is never easy and it’s fair to say professional golf has experienced plenty of it over the last few years,” he added.
“But I’ve always believed that change can create opportunity and ultimately lead to positive outcomes.
“There will undoubtedly be more changes ahead, but I am confident the game will continue to grow, evolve, and deliver the very best for golf fans around the world.”
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