Sports Seriously: Andy Nesbitt and Mackenzie Salmon discuss the impact Tiger Woods' comments on LIV Golf have on the sport going forward.
Woods was also asked:"Part of those changes you talked about, there's a lot more money coming in at tournaments from the Tour that weren't available before LIV came around. A guy like Mickelson, for example, obviously is the face of that, and he took a lot of criticism and he's taken most of the bullets for that and he was criticized heavily by players on Tour for it who now will be making a lot more money at tournaments because of him shaking that tree.
"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.":"1.6 billion in stocks 700 million in cash 1.15 billion in non liquid assets. This is from the non profit section."1.
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 Tweet came without any context. An unexpected expense - be it a global pandemic or a rival league - could send an organization reeling, which is why most nonprofit experts suggest at least six months of cash reserves.
Mickelson has tweeted a mere nine times since Feb. 22 when he posted his apology for his"scary mother " comments regarding LIV Golf.earlier this year, Mickelson said:"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 is it legal for them to have that much cash on hand? The answer is, it's not.
PhilMickelson If Greg leaves LIV than Jay Monahan should leave as well.
I could care less about Tiger Woods!
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