It was announced this week that LIV Golf would lose its funding from the Saudi’s Private Investment Fund at the end of the current season in large part due to the amount funneled to tour mascot Phil Mickelson in paying off his gambling debts.
“The Kingdom of Saudi Arabia is a forward-thinking nation that is ready to secure the country’s future however possible,” PIF Governor Yasir Al-Rumayyan said. “And, to be frank, we are above receiving calls from gentlemen who identify themselves as “Tiny” or “Spots” with New Jersey and Nevada phone numbers.”
Mickelson has, allegedly, wagered more than $1 billion dollars and his continued betting has become such a nuisance on and off the course that it would appear that the KSA government has decided to close its wallet.
Mickelson, sources to BGS said, gambled $15 million on Super Bowl squares this past season and another $250 million on craps. When asked about these numbers ahead of a recent LIV event, Mickelson simply said “I just love throwing those dice, man.”
While LIV Golf has innovated in the space of combining live golf with mandatory fun corporate outings, the tour has lost money hand over fist since it began in 2022.
“The Saudis have been a wonderful partner in helping us get this off the ground,” LIV CEO Scott O’Neil said. “I’d be lying if I said this didn’t feel like we got chopped up by a chainsaw over this, but we will persevere.”
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