The huge losses were uncovered by federal auditors who investigated Mickelson’s connection to an insider trading scheme, according to Alan Shipnuck, who posted an excerpt from his unauthorized biography, “Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colorful Superstar,” on his website, “Firepit Collective.” The book is due out on May 17, coinciding with Mickelson’s potential defense of his 2021 PGA Championship.
“According to a source with direct access to the documents, Mickelson had gambling losses totaling more than $40 million in the four-year period (2010–14) that was scrutinized,” Shipnuck wrote. “In those prime earning years, his income was estimated to be just north of
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