Mickelson’s Money

Golf Digest has an interesting read on Phil Mickelson and his money plays – gambling, stocks, etc.

Mickelson and a group of partners are said to have put $20,000 down on a preseason bet on the 2001 Super Bowl winner and won a reported $560,000. He also supposedly won big by betting on the Arizona Diamondbacks to beat the New York Yankees in the 2001 World Series. But these successes, clearly, were only part of the story. According to people familiar with Walters’ practices, he allowed Mickelson to keep an account for sports bets with him; Walters operated, in effect, as a big-time bookie for Mickelson. For example, according to a sworn statement by Mickelson’s business manager, on Sept. 19, 2012, Mickelson paid Walters $1,950,000 to cover a debt “related to sports gambling.”

Read the whole story here ->