Phil Mickelson reportedly owned stake in LIV Golf as the Tour files for bankruptcy
Dubai: Phil Mickelson is facing one of the most turbulent years of his golf career. While he hasn’t competed professionally since March, uncertainty around LIV Golf’s future only delays his return. However, a new revelation has now been surfaced which may alarm Lefty. According to Sportico, Mickelson owned a 0.23% stake in LIV Golf when the tour filed for bankruptcy. LIV Golf submitted a 128-page…
Phil Mickelson, one of golf's most prominent figures, finds himself amidst a tumultuous period as LIV Golf prepares to file for bankruptcy. According to a recent report by Sportico, Mickelson held a 0.23% stake in the struggling tour during its filing for Chapter 11 bankruptcy proceedings in the District of New Jersey. The document outlining the tour's ownership structure revealed that the Public Investment Fund of Saudi Arabia held a 98.48% share, followed by Performance54 Group Limited with 1.05%.
The "current player" stance was later clarified to refer to Mickelson himself. The six-time major champion joined LIV Golf in 2022, securing a $200 million guarantee and 25% of the Hy Flyers team, which he captained. Despite his significant involvement, Mickelson has only participated in one tournament this season, following a hiatus due to health concerns.
The implications of his 0.23% stake in the face of LIV Golf's potential dissolution remain uncertain.
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