Phil Mickelson strikes back at Tiger Woods PGA Tour’s “enormous loan” comment on social media

<strong>Phil Mickelson strikes back at Tiger Woods PGA Tour’s “enormous loan” comment on social media</strong>

Phil Mickelson and Tiger Woods [Image Credit: CBS Sports]

PGA Tour’s financial status gathers attention all over the media, as Phil Mickelson and Tiger Woods snarl at each other defending their stances. On Tuesday at Albany in the Bahamas, Tiger Woods commented on the tour taking out an “enormous loan” during the pandemic. 

His comment welcomed responses from both Mickelson and PGA Tour Commissioner Jay Monahan. Earlier in an interview with Alan Shipnuck in February, Mickelson stated that the Tour’s greed is “beyond obnoxious”. Not long after that comment, PGA Tour increased its prize money, after the inception of LIV Golf.

YouTube video

Woods tauntingly asked if Mickelson deserved an apology for some people, crediting the latter for “shaking that tree”. Since last year the Tour has invested millions into events and prizes, which led to Woods commenting “We took out an enormous loan during the pandemic in which that, if we had another year of the pandemic, our Tour would only be sustained for another year.”

FS Video

Also Read| “I ticked one box and hopefully can do one more this week” – Cameron Smith is optimistic about the ISPS HANDA Open

Phil Mickelson and Tiger Woods comment on Tour finances contradicts themselves

Phil Mickelson and Tiger Woods [Image Credit: Sports Illustrated]
Phil Mickelson and Tiger Woods [Image Credit: Sports Illustrated]

“So we took out an enormous loan. It worked, it paid off in our benefit, hence we were able to use that money to make the increases that we’ve made.”  The PGA Tour commissioner Jay Monahan later jumped at the response clearing that it was not a loan but rather a money taken from the Tour’s reserves.

The Tour corrected Woods‘ comment saying it was reserves and mitigating actions rather than taking loans. These comments made by the GOAT and the Tour contradicted what Phil Mickelson stated in his early interview. He spoke with Shipnuck stating, “The Tour is sitting on multiple billions of dollars worth of NFTs”. 

“They are sitting on hundreds of millions of dollars worth of digital content we could be using for our social media feeds. The players need to own all of that. We played those shots, we created those moments, we should be the ones to profit. The Tour doesn’t need that money. They are already sitting on an $800 million cash stockpile.” 

“How do you think they’re funding the PIP? Or investing $200 million in the European Tour? The Tour is supposed to be a nonprofit that distributes money to charity. How the f— is it legal for them to have that much cash on hand? The answer is, it’s not. But they always want more and more. They have to control everything. Their ego won’t allow them to make the concessions they need to.”

Later Kyle Porter’s tweet flared up Mickelson as he went on to clarify himself furthermore, stating that the Tour has more than $2 million in assets. The Tour clarifying Woods further noted that he may have been talking about PGA’s dip in its amount of reserves.

Also Read| Putting with AI, “Golfi” Robot introduced to replace MEDIOCRE companionship on golf course

Also Read| “Greg has to go” – Tiger Woods to CHEW OVER LIV Golf with Rory McIlroy, Jordan Spieth and Justin Thomas at ‘The Match’

Do follow us on: Facebook | Instagram | Twitter