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Phil Mickelson Made $ 40 Million In Gambling Losses: Report –

Mickelson was indicted in the 2016 Insider Trading Case that resulted in the imprisonment of popular gambler Billy Walters.

Walters has been released and said he is writing a book.

In a recent excerpt from a $ 40 million gambling losses, Shipnuck wrote that government auditors researched Michelson’s finances for four years, from 2010 to 2014. The author quoted a source with direct access to documents.

Mickelson’s annual revenue in 2012 – on the occasion of Dean Foods ’stock deal, which brought Mickelson nearly $ 1 million a week – is estimated at $ 48 million.

Shipnack also said that in 2017 Jim “Bonz” money was largely behind McKay’s long separation. He wrote that McKay left Mickelson that year after the memorial because of a series of “hot complaints” along with hundreds of thousands of dollars in compensation. Shipnak wrote more details about it are in the book.

Mickelson is seen as Norman and his main employer at LIV Golf Investments, which is funded by Saudi Arabia. He told Shipnuck in an interview in November – the excerpt of which was released in February – that he hired three players paid by lawyers to sign a new contract to run the league.

A Mickelson agent said he had asked the PGA Tour to publish the Conflict Event in the first series of the LIV Golf Invitational, which will take place June 9-11 outside London.

The London Telegraph cited sources as saying Michelson had received $ 30 million up front and will appear in the eight events that make up the LIV Golf Invitational series. The tournaments offer $ 20 million in prize money, an additional $ 5 million for team play.

Details of who will be playing and how the squad member will perform have not yet been announced.

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More information on AP Golf: https://apnews.com/hub/golf E https://twitter.com/AP_Sports

Source: Huffpost

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