sport news Phil Mickelson hits back at Tiger Woods for his comments on not being owed ... trends now
Phil Mickelson's wasted no time in responding to Tiger Woods' comments on the 'enormous loan' the PGA Tour took out in 2020, citing the Tour's failure to disclose its yearly tax returns on previous years.
On Monday, Woods, who pulled out of the Hero World Challenge, was asked if Mickelson was owed an apology for joining the controversial LIV Golf series with players on the traditional tour now able to earn more amid the threat of the Saudi-backed event.
'No, absolutely not, no,' Woods said.
'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.
'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.'
Phil Mickelson, who joined LIV Golf earlier this year, fired back at Tiger Woods' comments on the PGA Tour's transparency over its financial muscle
Mickleson claims the 'for profit section' of the Tour's yearly tax filings is larger than it's 'non profit part' since 2012
On Monday, Woods said Mickelson shouldn't be an owed an apology for any of the criticism he received after ditching the PGA Tour earlier this year
On Wednesday, Mickelson took to Twitter to respond to the 46-year-old Woods, disclosing certain components from the Tour's 2018 tax return filing.
'1.6 billion in stocks 700 million in cash 1.15 billion in non-liquid assets,' the six-time Major champion shared. 'This is from the non-profit section. The for-profit section hasn't been stated since 2012 but was more than the non-profit part at that time. This can all be googled.'
Bob Harig, of Sports Illustrated, then revealed that the Tour had to rectify Woods' remarks.
'The PGA Tour clarified today that it did not take out a loan to deal with the pandemic in 2020 as Tiger said during his news
