Golf legend Phil Mickelson forked out nearly £1.6m on gambling debts back in 2012
GOLFING legend Phil Mickelson forked out around £1.6million ($2m) on gambling debts back in 2012, according to a report in America.
He owed the huge sum to professional gambler Billy Walters, it emerged in Manhattan federal court on Thursday.
Phil Mickelson forked out around £1.6million ($2m) on gambling debts back in 2012Getty Images
A report in the New York Post claims that documents presented during a trial revealed the staggering debt.
Keep up to date with ALL the latest golf news, gossip and rumours
And it also emerged that he earned around £38m ($48m) in the same year.
The in-depth look into the former Masters winner’s gambling habit came to light when they were presented to a federal jury charged with deciding whether Walters illegally traded on stock tips he got from a director friend at butter company Dean Foods.
It is claimed that Walters passed some of the alleged illegal tips onto Mickelson in July 2012, at a time when “Lefty” owed him cash through betting.
MOST READ IN SPORT
AN OFFER HE CAN'T REFUSE
Legendary WWE icon CM Punk offered staggering $1m to make a one-off return to the ring
AND HE'S WON IT
Ander Herrera bags player of the year award at Man United's lavish end of season bash hosted by Rachel Riley
'NOT A COACH'
Tony Adams: Arsene Wenger couldn't coach his way out of a paper bag... and Arsenal blocked me returning FOUR times
'I'LL DO IT RIGHT NOW'
WWE star Dean Ambrose wants cross-code fight in the UFC if he is paid $500,000
FAB DAY OUT
Amazing trio of Wags step out for launch of designer shoe shop... but who are their famous partners?
power serg
Sergio Romero set to be Man Utd number one next season if David De Gea moves to Real Madrid
JUDGMENT DAY
Arsenal owner Stan Kroenke 'set to jet into London' to discuss Arsene Wenger's future
dive bar
Premier League divers will be BANNED by the FA from next season after chiefs vote in support of rule shake-up
'i felt embarrassed for the club'
Arsenal legend Tony Adams on his shock at 'disrespectful' final contract offer
Dier Straits
Tottenham shaken as Eric Dier wants to leave along with Kyle Walker and Danny Rose... as both Manchester clubs prepare to swoop for Spurs stars
Two Games left lads!
Chelsea stars given midweek break by Antonio Conte after title heroics... but they've still got the FA Cup final to go
Blues in Aub-it
Chelsea want Borussia Dortmund's 37-goal hero Pierre-Emerick Aubameyang to replace Diego Costa
'do something about your wife'
Sexy footie WAG in hot water after posing bizarre picture of herself on the LOO
Marc-ed man
Chelsea boss Antonio Conte lines up £55m summer move for PSG midfield playmaker Marco Verratti
Feeling Bleus
Didier Deschamps blasts Martial's confidence as he snubs winger for France's clash with England
UNITED FRONT
Fergie tapped me up twice but I turned Manchester United down because I was Arsenal through and through, says Tony Adams
LONDON CALLING
Crystal Palace eye double raid for Man City's out-of contract full-backs Bacary Sagna and Gael Clichy
JOURNEY SOUTH
Bournemouth ready to offer Jermain Defoe a staggering £18million to land him from Sunderland
SIX OF THE BEST
Leicester 1 Tottenham 6: Harry Kane hits four to become leading scorer in Premier League as Spurs rout Foxes at King Power Stadium
WRIGHT'S RULES
Tony Adams: Arsene Wenger changed time of training to suit Ian Wright because he hated confrontation
Mickelson, 46, earned close to £800,000 ($1m) on the trades according to the documents presents in court.
Just a few months later he handed over just short of £1.6m ($1.95m) to Walters.
Prosecutor Brooke Cucinella told the jury: “Mr. Mickelson owed similar debt to Mr. Walters in the past.”
Phil Mickelson owed the huge sum to professional gambler Billy Walters, it emerged in Manhattan federal courtGetty ImagesPhil Mickelson holds the PGA Grand Slam of Golf trophy after winning the tournament in 2014AP:Associated PressPhil Mickelson shares a laugh with Colin Montgomerie at the 2004 Ryder CupReuters
Mickelson has agreed to return £880,000 ($1.1m) in a deal he made with financial regulators.
He has not been charged with any wrongdoing and will not be called to testify at the trial.
Walters has pleaded not guilty.
Mickelson has five major championship wins throughout his storied career.
He has won The Masters three times, while also claiming the PGA and The Open Championship.
Leave a comment