The 2024 tax documents were filed this week, and they don’t look pretty. $760 million in revenue. Expenses worth $1.2 billion. Assets worth $3.8 billion. Sorted, right? Not so much per Phil Mickelson. He has found a discrepancy in asset valuation.

“Assets totaling $3.8 billion but sold to SSG based on a $12.5 billion valuation? 🤔 I wonder where the other $8.7 billion is that was factored in. Just kidding. That was rhetorical; I already know,” wrote Mickelson on X, quoting the mismatch.

Actually, this figure was never officially confirmed as the SSG’s valuation of the enterprise. It was just a report that Bloomberg released earlier this year, but with Mickelson’s specificity, it seems he knows something the golf world doesn’t. In fact, his words don’t quite translate positively.

The

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