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Phil Mickelson’s extraordinary gambling losses, lavish expenses detailed in new book excerpt

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Phil Mickelson’s playing losses had been highlighted Thursday in an excerpt from a forthcoming biography.

Whereas Mickelson was being investigated for his alleged function in an insider buying and selling scheme, federal auditors found his playing losses totaled greater than $40 million from 2010 to 2014, based on the guide excerpt from Alan Shipnuck.

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Phil Mickelson tees off during Day 3 of the PIF Saudi International at Royal Greens Golf and Country Club Feb. 5, 2022, in Al Murooj, Saudi Arabia. 

Phil Mickelson tees off throughout Day 3 of the PIF Saudi Worldwide at Royal Greens Golf and Nation Membership Feb. 5, 2022, in Al Murooj, Saudi Arabia.  (Oisin Keniry/Getty Pictures)

The biographer wrote the auditors investigated “Lefty’s” funds over 4 years, from 2010 to 2014. The creator cited a supply with direct entry to the paperwork. The golf star’s annual revenue in 2012 was estimated to be about $48 million. He netted about $1 million in a single week from a Dean Meals inventory deal.

The guide additionally stated Mickelson’s break up with longtime caddie Jim Mackay in 2017 was largely about cash and that Mickelson owed the caddie 1000’s of {dollars} in again pay.

Shipnuck additionally talked about different wild bills.

“Throw in all the opposite bills of a giant life — like an precise T. Rex cranium for a birthday current — and that leaves, what, $10 million?” Shipnuck wrote, by way of The Firepit Collective. “Per the federal government audit, that’s roughly how a lot Mickelson averaged in annual playing losses. (And we don’t know what we don’t know.) In different phrases, it’s fairly doable he was barely breaking even, or perhaps even within the crimson. And Mickelson’s revenue dropped significantly throughout his winless years from 2014 to ’17.”

FLASHBACK: PHIL MICKELSON MAKES STARTLING COMMENTS ABOUT SAUDI GOLF LEAGUE: REPORT

Phil Mickelson hits his tee shot on the fifth hole of the South Course at Torrey Pines during the first round of the Farmers Insurance Open golf tournament Jan. 26, 2022, in San Diego.

Phil Mickelson hits his tee shot on the fifth gap of the South Course at Torrey Pines in the course of the first spherical of the Farmers Insurance coverage Open golf event Jan. 26, 2022, in San Diego. (AP Picture/Denis Poroy)

“Phil: The Rip-Roaring (and Unauthorized!) Biography of Golf’s Most Colourful Celebrity” is about to be launched later this month.

Excerpts about Mickelson’s alleged leniency towards Saudi Arabia’s human rights abuses and the choice to hitch a Saudi-backed golf league additionally raised eyebrows.

Shipnuck posted a narrative based mostly on a telephone interview on “The Firepit Collective” website.

“They’re scary motherf—–s to get entangled with,” Mickelson reportedly stated. “We all know they killed [Washington Post reporter Jamal] Khashoggi and have a horrible document on human rights. They execute folks over there for being homosexual. Understanding all of this, why would I even think about it? As a result of it is a once-in-a-lifetime alternative to reshape how the PGA Tour operates.

“They’ve been capable of get by with manipulative, coercive, strong-arm ways as a result of we, the gamers, had no recourse. As good a man as [PGA Tour commissioner Jay Monahan] comes throughout as, except you’ve leverage, he gained’t do what’s proper. And the Saudi cash has lastly given us that leverage. I’m undecided I even need [the Saudi golf league] to succeed, however simply the thought of it’s permitting us to get issues finished with the [PGA] Tour.”

Phil Mickelson talks to the media during a practice round prior to the PIF Saudi International at Royal Greens Golf and Country Club Feb. 2, 2022, in Al Murooj, Saudi Arabia.

Phil Mickelson talks to the media throughout a observe spherical previous to the PIF Saudi Worldwide at Royal Greens Golf and Nation Membership Feb. 2, 2022, in Al Murooj, Saudi Arabia. (Luke Walker/WME IMG/WME IMG by way of Getty Pictures)

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Mickelson later apologized for these remarks.

The Related Press contributed to this report.

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