The PGA Tour’s newly released 2024 tax filings show $760 million in revenue, $1.2 billion in expenses, and assets valued at $3.8 billion. The numbers seemingly appear typical for a major sports organization managing tournaments, players, and operations on a global scale. However, recently Phil Mickelson pointed out something regarding the matter that he sees as a discrepancy. And now, a golf analyst has debunked Mickelson’s claims surrounding the discrepancy of $12 billion valuation.

Mickelson recently noted that while the Tour reported $3.8 billion in assets, its valuation during the Strategic Sports Group investment was around $12.5 billion. That higher valuation was expected only if the PGA Tour and LIV Golf eventually came together under PGA Tour Enterprises. It was further highlighte

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