According to a new biography of golf legend Phil Mickelson, he lost $40 million in gambling between 2010 and 2014.
On Thursday, Alan Shipnk, author of “Phil: The Rip-Roaring (and unofficial!) Biography of Golf’s Most Colorful Superstar,” posted an excerpt on Fire Pit Collective revealing Mickelson’s gambling losses and financial position. Both were made public. Concerns about his split from veteran caddy Jim “Bones” McKay.
While Mickelson was earning $40 million per year throughout those years of gambling losses, Shipnack did some back-of-the-envelope arithmetic and concluded that the habit had caused him to or most of his money would have been spent once his costs were accounted for.
Mickelson hasn’t played since Shippunk published his inflammatory comments against the Saudi-backed LIV golf tour, which is led by Greg Norman, in February.
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The killing of Washington Post journalist Jamal Khashoggi in 2018 was described by the six-time major winner as “frightening” to Saudi partners.
Norman and his Saudi-funded LIV Golf venture were mostly recruited by Mickelson. He told Shippunk in a November interview — the piece was published in February – that he hired three players to design the new league’s operational agreement, and that they paid lawyers to do it.
Mickelson’s management stated he had asked the PGA Tour to provide a conflicting schedule for him to play in the inaugural LIV Golf Invitational Series, which will be hosted outside of London on June 9–11.
According to the Telegraph in London, Mickelson has received a $30 million advance and must compete in each of the eight events that make up the LIV Golf Invitational series. A total of $20 million in prize money is available, with an additional $5 million available for teams participating in the event.