TRENDING: Phil Mickelson Allegedly had $40 Million in Gambling Losses from 2010 to 2014

Author Alan Shipnuck released another part of his upcoming unauthorized biography on Phil Mickelson on Thursday, revealing that the golfer totaled $40 million in gambling losses in five years from 2010-14.

In an excerpt from “Phil: The Rip-Roaring (and Unauthorized) Biography of Golf’s Most Colorful Superstar” posted on The Fire Pit Collective, Shipnuck goes into great detail about federal auditors investigating “Lefty” as part of an insider trading scheme revolving around gambler Billy Walters, who went to prison over the case in 2016.

 

 

 

 

 

 

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It’s believed that Mickelson earned around $40 million per year in that time frame, but that’s before taxes and other expenses that come with living a lavish lifestyle, so the book speculates that Mickelson was barely breaking even or possibly even losing money in those years when factoring in the gambling losses.

In February, Shipnuck posted comments from Mickelson where he criticized the Saudi Arabian government but said it was worth getting involved with the LIV Tour (that the Saudis are backing financially) in order to give him and other golfers some leverage against the PGA Tour. Mickelson hasn’t played since, he lost several sponsors, and Greg Norman, the CEO of the LIV Tour, said that several golfers backed out of their commitment to the tour and even returned appearance money after Mickelson’s comments were made public.

Mickelson is trying to play in the LIV Tour opener in London next month. Published reports state that he is getting a $30 million appearance fee to play in the tour’s eight events this year, and that’s not counting any prize money he can earn in the tournaments.

Cover Image Via SportingNews