Despite Getting Richer by $200M From His LIV Contract, Phil Mickelson Continues To Face Major Setback With Billion-Dollar Company

Published 09/10/2022, 10:00 AM EDT

It’s been months since the commencement of LIV Golf and many golfers have suffered yet enjoyed it from its inception. Phil Mickelson who had always been vocal about his support for the Tour, lost many of his endorsement deals. Despite playing at the lucrative series for months now, the backlash on the golfer hasn’t yet mellowed down. Lefty’s former sponsor company has made a statement on the current status of the contract with the golfer.

Earlier this year, Callaway Golf, a golf equipment company and also the sponsor of Phil since 2004, decided to pause their contract with the 52-year-old. This came after Mickelson’s comments about the Saudi government and the PGA Tour when the breakaway Tour was still under development.

Along with Callaway golf, KPMG, and Amstel Light also decided to part ways with Phil Mickelson. Nonetheless, months later, the golf equipment company shared the current status of the paused contract with the Hall of Famer.

The current status of Callaway Golf’s contract with Phil Mickelson

Article continues below this ad

The Billion dollar company is currently undergoing several changes to take the company to the next level. Callaway CEO, Chip Brewer, recently spoke about the recent happenings around the company and the sport of golf with Yahoo.

When asked about the impact of the newly founded Tour on the sport, Brewer said it’s a little early to make a judgment. However, the CEO then shared the status of their paused contract with Mickelson.

Is Phil Mickelson a Billionaire?

Chip Brewer said “still on pause with Phil Mickelson from a sponsorship perspective”, while speaking about the biggest golf name endorsed by the company. He further added, “We will continue to evaluate that going forward”.

Back in 2017, Mickelson signed a lifetime endorsement deal with Callaway sports. However, following his comments on Saudi Arabia, the deal was paused. Nonetheless, the 52-year-old released a statement to acknowledge his mistake and apologize for his comments.

Article continues below this ad

Despite losing most of his sponsorship deals, Mickelson remained positive and joined hands with LIV Golf. Lefty signed a contract worth $200 million with the lucrative Tour and climbed up the ranks to be the highest-paid golfer of 2022. Imagine the amount Phil would have earned if he didn’t lose the endorsement deals and yet played for LIV Golf. Now that’s some absurd money!

Who according to you is right? Phil Mickelson or Callaway Golf? Let us know in the comments section below.

Article continues below this ad

Watch This Story: A Furious Phil Mickelson Once Got Into a Heated Argument With a Reporter

SHARE THIS ARTICLE :

Written by:

Abdul Bari is a Golf writer at EssentiallySports. Having completed his Bachelor’s in Business Administration, Abdul is currently pursuing his Master’s in the same. With great affection for the world of sports, this avid golf lover turned to the course at a young age.

Edited by:

Manaal Siddiqui

Despite Getting Richer by $200M From His LIV Contract, Phil Mickelson Continues To Face Major Setback With Billion-Dollar Company

The current status of Callaway Golf’s contract with Phil Mickelson

Trending

Masters Horror Lands Jon Rahm & Co in Deep Trouble as Stubborn Greg Norman Refuses to Compromise

Talor Gooch Becomes a Laughing Stock in Golf World After Masters Chairman’s Indirect Dig at Him

Fan Outcry Against Tiger Woods to Cease as Alleged Secret Note Buddy Makes Unexpected Revelation

3 Major Takeaways From Jay Monahan’s Urgent Board Meeting at Hilton Head After Masters Setback

Tiger Woods & Co. Trigger Massive Fan Outrage at the Masters After Friday Blunder: ‘Atrocious’