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Court documents reveal Phil Mickelson once paid $1.95 million in gambling debts
Phil Mickelson is a gambler. Whether money is involved or not, Mickelson takes risks. It could be going for the green from the pine straw on Sunday at No. 13 at Augusta or throwing a couple dollars on a Monday game with Keegan Bradley.
Lefty got himself caught up with the law in an insider trading case in 2016, however, where he was linked with professional gambler Billy Walters who’s now on trial in a Manhattan federal court. While Mickelson is absolved of any wrongdoing and will not need to testify in the case, it was revealed in court the amount of money that’s at stake when Mickelson gambles.
According to the New York Post, court documents showed that Mickelson once paid Walters $1.95 million for gambling debts in 2012. And the way it sounds, that wasn’t the first time Mickelson had to pony up that kind of dough.
“Mr. Mickelson owed similar debt to Mr. Walters in the past,” prosecutor Brooke Cucinella told the jury.
Keep in mind that court documents also revealed Mickelson “earned $48 million” in 2012, and Forbes estimated his net worth to be $375 million in 2016.
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SuperStroke acquires Lamkin Grips
SuperStroke announced today its purchase of 100-year-old grip maker Lamkin Grips, citing the company’s “heritage of innovation and quality.”
“It is with pride and great gratitude that we announce Lamkin, a golf club grip brand with a 100-year history of breakthrough design and trusted products, is now a part of the SuperStroke brand,” says SuperStroke CEO Dean Dingman. “We have always had the utmost respect for how the Lamkin family has put the needs and benefits of the golfer first in their grip designs. If there is a grip company that is most aligned with SuperStroke’s commitment to uncompromised research, design, and development to put the most useful performance tools in the hands of golfers, Lamkin has been that brand. It is an honor to bring Lamkin’s wealth of product innovation into the SuperStroke family.”
Elver B. Lamkin founded the company in 1925 and produced golf’s first leather grips. The company had been family-owned and operated since that point, producing a wide array of styles, such as the iconic Crossline.
According to a press release, “The acquisition of Lamkin grows and diversifies SuperStroke’s proven and popular array of grip offerings with technology grounded in providing golfers optimal feel and performance through cutting-edge design and use of materials, surface texture and shape.”
CEO Bob Lamkin will stay on as a board member and will continue to be involved with the company.
“SuperStroke has become one of the most proven, well-operated, and pioneering brands in golf grips and we could not be more confident that the Lamkin legacy, brand, and technology is in the best of hands to continue to innovate and lead under the guidance of Dean Dingman and his remarkably capable team,” Lamkin said.
Related: Check out our 2014 conversation with Bob Lamkin, here: Bob Lamkin on the wrap grip reborn, 90 years of history
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Tour Rundown: Pendrith, Otaegui, Longbella, and Dunlap soar
Take it from a fellow who coaches high school golf in metro Toronto: there’s plenty of great golf played in the land of the maple leaf. All the greats have designed courses over the USA border: Colt, Whitman, Ross, Coore, Mackenzie, Doak, as well as the greatest of the land, Stanley Thompson. I’m partial to him, because he wore my middle name with grandeur. Enough about the architecture, because this week’s Tour Rundown begins with a newly-minted, Canadian champion on the PGA Tour. Something else that the great white north is known for, is weather. It impacted play on three of the world’s tours, forcing final-round cancellations on two of them.
It was an odd week in the golf world. The LPGA and the Korn Ferry were on a break, and only 13/15 of the rounds slated, were played. In the end, we have four champions to recognize, so let’s not delay any longer with minutiae about the game that we love. Let’s run it all down with this week’s Tour Rundown.
PGA Tour: TP takes TS at Byron’s place
The 1980s was a decade when a Canadian emergence was anticipated on the PGA Tour. It failed to materialize, but a path was carved for the next generation. Mike Weir captured the Masters in 2003, but no other countrymen joined him in his quest for PGA Tour conquest. 2024 may herald the long-awaited arrival of a Canadian squad of tour winners. Over the past few years, we’ve seen Nick Taylor break the fifty-plus year dearth of homebred champions at the Canadian Open, and players like Adam Hadwin, Corey Conners, Adam Svennson, and Mackenzie Hughes have etched their names into the PGA Tour’s annals of winners.
This week, Taylor Pendrith joined his mates with a one-shot win at TPC Craig Ranch, the home of the Byron Nelson Classic. Pendrith took a lead into the final round and, while the USA’s Jake Knapp faltered, held on for the slimmest of victories. Sweden’s Alex Noren posted six-under 65 on Sunday to move into third position, at 21-under par. Ben Kohles, a Texan, looked to break through for his first win in his home state. He took the lead from Pendrith at the 71st hole, on the strength of a second-consecutive birdie.
With victory in site, Kohles found a way to make bogey at the last, without submerging in the fronting water. His second shot was greenside, but he could not move his third to the putting surface. His fourth was five feet from par and a playoff, but his fifth failed to drop. Meanwhile, Pendrith was on the froghair in two, and calmly took two putts from 40 feet, for birdie. When Kohles missed for par, Pendrith had, at last, a PGA Tour title.
360° and in!
A nervy par save by @TaylorPendrith to remain one back as he seeks his first PGA TOUR victory @CJByronNelson. pic.twitter.com/LVFXUSidSg
— PGA TOUR (@PGATOUR) May 5, 2024
DP World Tour: China Open in Otaegui’s hands after canceled day four
It wasn’t the fourth round that was canceled in Shenzhen, but the third. Rains came on Saturday to Hidden Grace Golf Club, ensuring that momentum would cease. Sunday would instead be akin to a motorsports restart, with no sense of who might claim victory. Sebastian Soderberg, the hottest golfer on the Asian Swing, held the lead, but he would slip to a 72 on Sunday, and tie for third with Paul Waring and Joel Girrbach. Italy’s Guido Migliozzi completed play in 67 strokes on day three, moving one shot past the triumvirate, to 17-under par.
It was Spain’s Adrian Otaegui who persevered the best and played the purest. Otaegui was clean on the day, with seven birdies for 65. Even when Migliozzi ceased the lead at the 10th, Otaegui remained calm. With everything on the line, Migliozzi made bogey at the par-five 17th, as his principal competitor finished in birdie. To the Italian’s credit, he bounced back with birdie at the last, to claim solo second. The victory was Otaegui’s fifth on the DP World Tour, and first since October of 2022.
.@adrianotaegui birdies the 16th to tie the lead at -17 ?#VolvoChinaOpen pic.twitter.com/p4tfE5DRJa
— DP World Tour (@DPWorldTour) May 5, 2024
PGA Tour Americas: Quito’s rains gift title to Longbella
Across the world, superintendents and their staffs will do anything to prepare a course for play. Even after fierce, nightime rains, the Quito TG Club greeted the first four groups on Sunday. The rains worsened after 7 am, however, and the tour was forced to abort the final round of play. With scores reverting to Saturday’s numbers, Thomas Longbella’s one-shot advantage over Gunn Yang turned into a Tour Americas victory.
64 held the opening-day lead, and Longbella was not far off, with 66. Yang jumped to the top on day two, following a67 with 66. He posted 68 on day three, and anticipated a fierce, final-round duel for the title. As for Longbella, he fought off a ninth-hole bogey on Saturday with six birdies and a 17th-hole eagle. That rare bird proved to be the winning stroke, allowing Longbella to edge past Yang, and secure ultimate victory.
.@TBalla21 eagles 17, shoots 65 on Saturday to take a one-shot lead into the final round of the KIA Open. pic.twitter.com/TTOL2LxSdh
— PGA TOUR Americas (@PGATOURAmericas) May 4, 2024
PGA Tour Champions: Dunlap survives Saturday stumble for win
Scott Dunlap did not finish Saturday as well as he might have liked. After beginning play near Houston with 65, Dunlap made two bogeys in his final found holes on day two, to finish at nine-under par. Hot on his heels was Joe Durant, owner of a March 2024 win on PGA Tour Champions. Just behind Durant was Stuart Appleby, perhaps vibing from his Sunday 59 at Greenbrier on this day in 2010. Neither would have a chance to track Dunlap down.
The rains that have forced emergency responders into action, to save hundreds of lives in the metro Houston area, ended hopes for a third day of play at The Woodlands. Dunlap had won once previously on Tour Champions, in 2014 in Washington state. Ten years later, Dunlap was the fortunate recipient of a canceled final round, and his two days of play were enough to earn him TC victory number two.
Off the green? No worries for @ScottDu12500063
8-under solo leader @InsperityInvtnl pic.twitter.com/hoj5OujL5C
— PGA TOUR Champions (@ChampionsTour) May 4, 2024
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Morning 9: Pendrith’s maiden Tour win | Morikawa back with former coach | Brooks victorious
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Fat Perez
Apr 3, 2017 at 1:31 pm
How can you not love the Dill Pickle apologists? Deep guys crack me up!!
Justin
Apr 2, 2017 at 12:04 am
I have first hand seen Phil gamble. He came to coto De Gaza in Orange county and played a kid on the canadian tour. Gave him one and one in a nassau and lost 40k. Walked out to his Escalade and brought back 40k and went home. Game was set up by a bookie who lives in OC. True story.
joro
Apr 3, 2017 at 11:42 am
Aren’t you special.
Johnnylongballz
Apr 1, 2017 at 3:59 am
2 Million is to Phil as 50 bucks is to me. Why did I read this, and why am I commenting????
Mr Muira
Apr 1, 2017 at 1:28 am
Old news that we already knew, move on.
Jack
Apr 1, 2017 at 12:40 am
Anyone really dumb enough to think that Phil only gambled 1.95 million? Phil has changed sponsors to have gambling debts nearly 10X that large paid off. That’s how he got to Callaway. But that’s his business.
MuskieCy
Apr 1, 2017 at 12:14 am
Phil Mickelson stole from investors who didn’t have the inside information.
He paid the SEC enough so he didn’t have to testify in court.
It would be very difficult to be in the Witness Protection Program and play the PGA Tour.
MuskieCy
Apr 1, 2017 at 12:10 am
Phil Mickelson admitted using insider information. That is stealing from legitimate investors.
He paid off the SEC so no court testimony was required.
It would be very hard to be in the Witness Protection Program and play the PGA Tour.
BB
Apr 1, 2017 at 5:51 am
Witness Protection Program? Yeah, no one knows what Phil looks like. He would just blend in with the upper middle-class suburbanites.
matt_bear
Mar 31, 2017 at 12:54 pm
Phil is apex predator status. He plays for meaning. He needs action. I understand him. $2 million is nothing if you’re making $40+ a year. From interviews and his past history it appears that he takes care of his family, so I doubt the gambling is an issue.
McPickens
Mar 31, 2017 at 2:08 pm
nailed it
S Hitter
Mar 31, 2017 at 8:31 pm
Yeah. It’s not like he’s texting his bookies during the round or summin’ lmao
MuskieCy
Mar 31, 2017 at 11:46 pm
Yep, only wagering 2.5% of his gross annual income on a silly golf thing. Nothing desperate or sad about that.
How about 7.5% of net income? To a well known fixer.
Think any “oh that’s Phil being Phil” stupid stuff was stroke shaving? Point shaving always occurs on unexplained mistakes to insure betting outcomes.
matt_bear
Apr 1, 2017 at 10:44 pm
He wouldn’t point shave because his #1 priority is winning.
Bob Chipeska
Mar 31, 2017 at 12:24 pm
Is he stealing from or harming others to pay off his gambling debts? No? Then it is nobody’s f***** business.
S Hitter
Mar 31, 2017 at 8:32 pm
We thought we got rid of youse for good you worthless piece of s……
MuskieCy
Mar 31, 2017 at 11:53 pm
He is stealing from investors who didn’t have the inside information.
He paid off his gambling debt, $1.9M and now has paid the SEC $1.95M to keep his sorry ass from testifying against Walters.
It would be hard to be a a PGA Tour player and in the Witness Protection Program at the same time. Just ask PM.
MuskieCy
Mar 31, 2017 at 11:59 pm
Phil Mickleson stole from investors who didn’t have the same insider information. He paid off the SEC so he didn’t have to testify in court against Walters.
It would be tough to play on the PGA Tour and participate in the Witness Protection Program.
joro
Apr 3, 2017 at 11:47 am
You are right, me too, and of course you, so what is your goal in life? Hope it is being the stupidest cause you are very good at it. Congratulations and Have a nice day. ha ha ha ha ha